you long something based purely on the theory that human beings are dumb enough to shoot for round numbers.
the $100 roll is a trade that is executed at around $97-98 per share, in the hopes that it’ll immediately shoot to $106. see, once a stock breaks the magical plane of $100, it has no choice but to jimmy its way up to $106. that’s the way the world works.
it has currently swung too far the wrong way. we are in a shovel rush. the lack of gold paired with the demand for shovels has put us in a shovel rush.
for this to be resolved, new land has to be discovered. only then can more gold be found, or perhaps even new resources such as diamonds (2024 ai szn) or platinum (2026 stock pairs). once this happens, voices of notoriety will spread the word about the new shiny gold.
only then, can the gold rush commence. if there is no gold, there is no gold rush. and if there is no gold rush, have no value. this is amplified by half of the shovels being sold atm do not even dig (vaporware launchpads w/ no usecase)
traders will soon realise the above, the demand for shovels will diminish, and the value pendulum will swing back to gold
diluting some edge here but @jords is someone i have looked up to for a very long time, and of the most underrated & sharpest minds on this app - no matter what market you are in.
although we differ in approach & style, i still extract some sort of value from every post. very high iq and genuinely one of the best characters in this space. could have very easily sailed off into the sunset by now, but instead is releasing podcasts, writeups, and replying to dms from strangers on the internet - for reasons that owe nothing to necessity and everything to character.
0:00 Welcome back, and why this episode came early 1:03 Greed, and the problems that come with it 3:53 Why it matters, the risk that builds wealth also destroys it 8:14 What a feed of other people's best days does to your mental health 10:26 My initial goals when I entered the space, and how I moved the goalposts 12:53 Solana, FTX, my lowest point, and realizing 90% down isn't a guaranteed bottom 15:43 The privilege of worrying about this at all 17:56 What actually helps, goals, a time capsule and gratitude 21:25 One last cycle, and why everyone tells you that you're running out of time while you're not 25:57 Closing thoughts
solana and toly tapping into memecoins after getting their lunch eaten by robinhood 3 months into mainnet is laughable to me. whats even more funny is the whole narrative on the leading token is that it pays you out in a competitor’s asset 🤣
both the solana fdn and pump team have no moat, and are incompetent/insolvent/lazy until a fire is lit on their ass. what is real will prosper. you should be max long the new good thing (robinhood chain) with aligned founders who have done nothing but flawlessly execute. there is not one bad thing i can say about the chain apart from the bad actors a la elon hack, but these people just follow where the money is at.
i am not saying to be loyal to xyz chain. i am simply telling you where the longevity lies. market is frothy and rotational, of course there is cooks to be caught on all chains. but there is a reason robinhood kicked off this whole run. this same reason is exactly why there will be multiple more legs to come, and we are just scratching the surface of the green chain.
been inactive lately but it’s time to hop back on the charts.
am mostly in cash after onchain mania these past weeks. caught uniswap move from low 3s & currently sitting in pump short + lit long. will continue to play onchain, want to take less trades & focus on quality. let’s run this fomo bal from 5k > 500k
crazy that this is only 28th we might truly be back
anywho don’t usually make posts like this but 6 figs rpnl today, been getting pillaged onchain last couple weeks while everyone around me has been nonstop winning, so this feels good.