It's not what you make, it's what you keep.
A lot of money was made over the last few months, and a lot will be given back to the market by people chasing during low probability conditions.
You need to be dynamic, when the trading environment changes, react accordingly.
When I (regrettably publicly) predicted criminal charges for CZ at the start of the year and the whole internet shouted at me, I decided I would stop being an internet poster. As CZ pleads guilty to criminal charges, I only find myself happy with the outcome for Binance and CZ.
Crypto would not be what it is without you. Binance is where I taught myself perps trading and started a income stream I never would have thought possible now leading an army of new traders accross exchanges. Pancake swap and Binance smart chain helped me retire from Wall Street.
Thank you @cz_binance … The greatest to ever do it
4
🚨🚨🚨🚨🚨🚨 345,000 #BNB (100,000,000 USD) transferred from #Binance to SEC Settlements Wallet.
CZ probably steps down, been meaning to for a while.
Commence Richard Teng era.
@yungskape@modestfrfr Yea but sadly most of the nibbas on here won’t ever stick around to grind and develop the skill
Luckily you decided to flip the switch, but it’s likely the end of the road once they round trip
@slumpjit@modestfrfr So did I in a way. Anyone who goes on to do this shit for a living develops an actual skill and starts cashing out and protecting wealth cause they pay bills and are rich in real life. Only the goofy mfs just live in perpetual loop of gambling retardation
this year, I probably ran 5 accounts from a few hundreds dollars to close to 50k, more or less
rountripped all of the runs
i used to do this on leverage (best i did was $150 to 100k in 2 weeks) and i thought leverage was the issue (i still think leverage is bad because of other reasons)
but doing it on spot doesn't change a thing in truth, the risk taking you have to do in order to achieve these kind of returns makes it very hard to not say 'one more trade', which is the one that breaks your run
you are supposed to de-risk after a big run and invest that money into long term positions or just cashout, but the mental state u have to be in for the run from nothing to something is hard to break
in fact, of all the hyper successfull people i have seen doing this high risk approach, even if they run their account to millions and even tens of millions, i think they all end up round tripping it at some point, i have seen it multiple times, last cycles are full of them
the only ones who do well here are the ones who successfully transition their winning into full low risk strategy approaches, but they are few, or those that took it 'low risk' from the very beginning and kept the boomer mindset
there is also the accumulated pressure to 'make it back' which is even more hard to escape in a bull market with so many clear potential mid term 50x trades
not sure where i am going with this post but yep
@yungskape@modestfrfr The mfs who do these type of run ups full port every single trade. When they finally reach the milestone they set out for, it’s still not enough for them, and sadly how they got there wasn’t a sustainable consistent skill
Trust bruh I went thru this shit first hand😭
Just tied with my highest win streak of 8!
Heres all the payouts I had in the last 2 weeks with @thefundedtrader as well as the next payout getting processed😁
Do you think I was working 12h+ per day?
Fxck no, spent 30 mins everyday and made all this!
Work smart not hard👽
Annual average salary cleared with just one prop firm, imagine what I have on my other accounts👀
FYI I'm currently funded 1.3M...
Might post the other payouts later👊
Keep winning Gs!