turned 4 figs to almost 7 figs in 5 month ( december 2023-april 2024)
one of my craziest degen run, i’ve grinded for the past 20 months with almost no day off (screen time), i think its time to log off and enjoy life (soon)
few tips on how to knife catching based on personal experience
- create a separate acc that only trades during big red days or liquidation cascades
- mark key levels (ex: PDL, PWL) where you think the price might have a mechanical bounce
- when the price approaches your
thought process behind my HYPE short
thesis: HYPE will stall at 45 round-number ceiling
started punting at 44.8 and added aggressively when price pushed into the 45. upward momentum will persist as long as late longs are being rewarded, once this shift, the same driving force
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karas
@karastrades
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it seems destiny must be fulfilled
hyperliquid x.com/karastrades/st…
loma are doing public challenge from 1m-10m, i’m thinking of doing the same but from 100k-1m on my binance acc
either this blows up or i’m making another degen run and climb my way to leaderboard
i’ve already retired from trading, but i’ll give it a shot
2020-2022, 2k to 1,7 milly
2022-2023, back to around 20k, got rugged in rl, friend betrayed me, had to pay for fines and massive damage control, unemployed
2023-2025, 36k to undisclosed amount, (already made back what i’ve lost)
through all vicissitudes we make our way :)
this is my 6th year going solo as trader
if you were truly willing to learn, you wouldn’t have tweeted this, it’s just an excuse
go fuck around and find out yourself nerds, create your own edge, sounds harsh but its better that way
despite $doge underperforming compared to majors like btc and eth last week, I still believe this old doggo has a shot at outperforming in the near term if we’re heading into a mini altszn
in fact, if you look at the price action between 03:25 and 03:35 AM (UTC+7), doge actually
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karas
@karastrades
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> historically shows strong reflexive loops
> has been ignored for too long, especially compared to other majors, reflected in low volume
> consensus seems to be mispricing the ETF narrative, approval appears closer
> lack of market positioning, sentiment still low, perfect x.com/sixpathcap/sta…
today’s short on alpaca
- got notif on tg about alpaca short squeeze, check the chart, patiently waiting for price to tag key level and start punting short once the price tagged
short reason: price imbalance wasn’t came from healthy bids, s/r key level and deviation from avwap
my turning point was in oct 2023.
tried to short the fake ETF approval news, held that losing position way too long and ended up losing almost half of my nw at the time
i revenge traded hard on the way up, that moment ended up marking the beginning of my 4-7 fig degen run
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rikudo
@sixpathcap
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Replying to @karastrades
fllowed u since early 2024, i wonder what’s ur turning point and what makes u kept going to keep taking massive risk like that ?
i always respect ur straightforward call and ur balls, ride or die typa shit
to sum up june gambling strategy
- only traded during extreme price deviations, especially around physiological round number floors and ceilings
- bet moarr for EV+ setup (this is personal, we might have different EV for the same setup)
- trigger was mostly when a retard got
- got bored, randomly checked alts tape
- saw some familiar traits on the taker flow “wait i’ve seen this movie before, this is code whipsaw.exe and those sell walls were about to get cleared
- start punting everything on my watchlist
- tweeted 5 minutes later
- punted even more
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karas
@karastrades
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someone issa trying to frontrun code whipsaw.exe on this alt
hmm ze tape getting juicier or am i look at it wrong ?
the reason why i rarely do business in the middle
be patient and play the extremes, take the money from the weak hands, the forced participants, the offisidoors, no need to rush
this was one of the few reasons why i’m leaning toward trending summer over ranging summer
since end of june, i’ve been noticing large delta being punted repeatedly at range highs, that aggression as if they were trying to frontrun some news
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karas
@karastrades
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Replying to @sixpathcap
youre right, normally, i’d be positioned around aug and look to sell in dec.
but the base case for this is, if we’re having a trending summer rather than a ranging one, then getting positioned now doesn’t seem so bad, especially if the goal is to capture some of that short-term