Rhino - Longevity, Fading the Narrative, and Why Edge Is Overrated

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Yo yo yo.
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Hello?
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Yo, Mr.
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Mano, welcome to the stream, dude.
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It's good to have you here.
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Yeah, thank you for having me.
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It's been a little while in the making, man.
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But we finally got it done.
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I wasn't sure.
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You told me you're gonna come on and like uh like yeah, see you in in a couple years, but you're here, you're on.
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I'm excited.
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Um look, I I think it'd be good to start with.
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Do you want to just rip a quick little intro of your trading lore?
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Like time period, when you got started, and why you got started.
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I honestly, I think you came onto my radar, dude.
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I was probably pretty late.
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2023, I want to say.
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Yeah.
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Probably from Ansome, but I I did I'll give you some quick flowers too, because I said at the beginning of the stream that my first six-figure altcoin trade was spot pump in fall 2025, and you were my like the one other person that was extremely long, my confluence on that.
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So shout out to you, but yeah, I'll let you like flow a little bit on some uh kind of your your your start in trading.
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Sure, sure.
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I'll give a brief history.
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It's not uh terribly interesting, but essentially I started trading towards the tail end of 2015, going into 2016.
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Uh I started in TradFi, and I really had no background in TradFi or finance at all, really.
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You know, I wasn't fucking retarded, I knew what a stock was, but beyond that, I had no real understanding of how markets worked or anything.
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So yeah, I started there, found crypto kind of shortly after, probably early 2017.
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Um started in 2016.
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Yeah, yeah, no worries, I won't say that.
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Um yeah, started in 2016, found stocks, and then I kind of got into it at a very favorable time.
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Um the 2016-2017 market for equities was a very smooth uptrend.
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So I was just basically longing like any retail would and making a lot of money.
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Um I thought I was a genius, and then kind of heading into 2018, I just ended up over-rotating, holding a bunch of altcoins down to zero, and then I was also trading options in TradFi.
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So I essentially lost everything at that point, and then that's kind of where my actual learning of how to trade began, I would say.
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At what point do you think you got good?
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Um I mean there's various phases of it.
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Uh I was definitely never good at the start, even though I was making money, which is a dangerous thing that happens in trading pretty often.
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Because that was like two years of me thinking that I was good until I lost everything.
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Um everything was just up only, like you were just like perpetually long-term.
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Yeah, like so.
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In 2016, um, I found NVIDIA and AMD pretty early.
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I would buy those.
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There was also the whole Canada was legalizing marijuana at the time.
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So that trade was like super parabolic.
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And then I also had a fundamental uranium thesis.
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I actually got in on the fundamental side of things or what I thought was fundamental, but really I was just being lucky.
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Um and the really only thing I really learned from the first two years was I was always underestimating how far a parabolic trend could really go.
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So like I would buy, you know, some marijuana stock, it would go up like 2x in like a month.
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I would sell it feeling like a genius, and then you know, it would 20x over the course of the year.
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So that was always interesting.
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And um, as far as when I got good, it was kind of towards the end of 2019.
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So 2018, 2019, I was just essentially working a bunch of jobs.
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I would spin up a new balance, go on BitMEX, load it up, run it up to a certain number, and then blow up over and over.
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And then towards the end of 2019, I stopped blowing up.
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Um, but I wouldn't really consider myself good until I completed a full market cycle.
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So I did really well 2020, 2021, and then I managed to flip bearish into 2022 and do really well that year.
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And that was when I kind of really felt I was doing well.
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Do you think you did well 2021 as a core ideal like crypto believer, or it was just a parabolic market that you were riding?
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Um, I'm not really much for core beliefs.
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I think in my real life I'm super optimistic, but as far as trading-wise, I'm pretty pessimistic and cynical.
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So it was definitely never like this belief in the mission.
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Maybe like, you know, Bitcoin, I could kind of believe in at the time.
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But I wasn't like, oh, NFTs are gonna change the world or all this other sort of stuff that people were talking about at the time.
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Are you like a nihilist across all markets?
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I wouldn't say I'm a nihilist, I'm just pessimistic, I suppose, which sometimes is good.
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It helps you TP things and not really drink the Kool-Aid, as they say, but it also makes it so it takes a lot of effort for me to find new things and not immediately go like, oh, that's retarded.
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Makes sense.
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At what point did you become full-time trader?
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Because you mentioned you were working jobs and like running up accounts and on BitMEX, things like this.
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Pretty much the end of 2019 is when I had my last job.
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2019.
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You've been full-time trading since then.
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Yeah.
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Whoa.
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That's that's wild.
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What was your like um did you have like a breakout trade?
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Like a specific like I can quit my job type of trade, or like I'm really good type of trade?
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Um, I imagine I'm different from most people you've interviewed, in that I think from what I've seen of a lot of people you interview, you know, it'll be like, oh, I went all in on Trump, or I went all in on hype, or this and that.
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I just kind of had a series of good decisions over the course of you can say kind of start of 2020 until 2025.
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Obviously, there were some big trades littered throughout that, but it wasn't really one specific one.
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Um besides, I guess at the start of 2020, when the whole COVID crash was happening, I just happened to de-risk and re-risk really well and also hit some calls on NVIDIA, and that kind of took me out of like, you know, trading with money that wasn't really going to change my life into at least I'm like playing a real game now.
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Why do you think you have to complete a full market cycle before you can know if you are like actually built for it?
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I mean, how many people have we seen do really well in bull markets, which is like a relatively short amount of time, and then even running it to like nine-ten figures, like you see all these people, and then in 2022 they all blow up.
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It's just longevity is really the only thing that matters in this game.
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And you know, even if you do well for three, four, five years, you really don't know how you're gonna respond to stressful situations, like even real life stuff, like if your uh family member dies, or if your girlfriend cheats on you or something, like are you gonna have the discipline to step away and just like not trade, or are you gonna blow up your account?
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Like, you can do really well for five years and ruin five years of good work in like you know, two months of being stupid.
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Did you say ten figures?
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Yeah, I mean there was like the whole 3AC thing where they like Kobe was talking about how they like spun it up to like insane numbers much quicker than he ever did, but then you know everything went the way it went.
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It's like that book and that's like that scene in the uh fooled by randomness at the beginning.
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I hate that book, but it it it's a pretty good uh intro segment.
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Um okay, I when I was giving you an intro, I called you like the like the the face of vague posting on Twitter.
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So sometimes sometimes it can be hard to tell how you're positioned.
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You actually mix it up though.
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You you do get serious, you you do post positions, you do post um charts, entries, and exits.
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Uh, we'll talk about some of your your recent ones, but you do swing on it.
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Like, how would you describe your trading style?
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Like when you are in flow and you're hot and you're executing the way that you want to execute, like, what is your style and what is your like system if you have one?
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Um, well, for one thing, I think that's a huge misconception.
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I think what happens is a lot of people only see part of your tweets.
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So, like, if I'm shit posting sometimes, people will take that as serious.
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But I've made it pretty clear over the years that like the only times I'm actually taking positions is when I say, like, hey, I'm buying this here, selling this here.
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Like, all the other stuff is just me fucking around.
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Um, as far as my actual style, I don't really know.
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I'd say I'm like a very, very pure discretionary trader, and I just act on impulse, and that's just built up through like I mean I've been trading for like 11, 12 years now.
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So there's just like various patterns you've seen before, whether it's like a certain type of news trade or you know, sentiment shifts and stuff.
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Um, but I wouldn't say I have like a discernible, like, this is what I do sort of trade.
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Is there any like patterns across a lot of your big wins that are like similar setups?
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Yeah, there's a few.
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Um I think my favorite type of trade that has probably made me most of my money is just I enjoy when the market has like an overarching narrative that everyone is focused on.
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So, for example, you know, when there was the tariff scare going on, um the entire market was focused on what Trump was saying, and he was just saying these more and more ludicrous numbers in terms of like the tariffs he was gonna put on China or various countries.
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Obviously, the price started reacting to that, and then once it declined by a significant enough percent that it made sense to start looking for longs, you saw the sentiment shift from people who didn't really believe that the tariff stuff was gonna be anything serious to take, like anything to take seriously.
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And they started flipping and saying we were gonna go into like a Great Depression, this whole trade war is gonna collapse and stuff, and then that would be kind of when I would get into longs and whatnot.
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It was similar with the Iran war where you know it was like escalation, escalation, and then Trump was starting to talk about how he was actually gonna nuke Iran off the face of the earth, and people were somewhat taking that seriously, which is like, okay, either he's gonna nuke a country with like 90 million people off the face of the earth, in which case we have bigger problems, or like he has no more rhetoric that can be more extreme than this, so the market's not gonna really react further to the downside.
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But people were taking it very seriously.
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So I like when there's one narrative that the market's focusing on, and you can kind of take the other side of that essentially a nothing ever happens position.
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You actually had a tweet about that exact, I was gonna bring this up.
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I well, I actually forgot this happened, but I took this like to heart about the nuke carg island thing because I that was the moment where I mean I was getting microwaved covering geopolitics for the first time in my life.
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We're talking about the Iran where every day we're talking about oil.
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I still got the I guess you can't see my camera, but I have the fucking oil barrel in the background, and I'm getting just completely microwaved covering geopolitics, and the whole time I'm like, I'm holding out, I'm holding out, I'm holding out, and then that carg island announcement came out, and I was like, okay, I'm now I'm bearish.
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And it's like you really sit down and think about it, and it's like, dude, now you're bearish.
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There's like a you know, sub 1% chance to that that this is gonna happen.
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It's like you always long the nuke thread because either it happens, it doesn't matter, like you get bigger problems, like you said, or it doesn't, and you're long.
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It's like I I'm bearish now at you know six percent yield on on the 30 year or whatever it is.
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And so I actually remember you had like the seminal tweet about this that was made me like rethink some of my trading approach.
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I'm curious the your use of Twitter on trade positioning.
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Like this is something that's actually been sort of tilting me, and I've just made a declaration that I'm just gonna stop paying attention because reading people's tweets about how they are positioned it drives me nuts, and it also feels like it's a really small sample size that you over-index for, like everybody is bearish, or everybody is bullish, or everybody is long, everybody is short because like you know, nine people that I follow on twitter.com are you know, chomba and crypto ethan uh said something.
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Like, how much attention do you pay to how other people are positioned, to what the narrative is that you gather on socials and things like this?
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Because you are pretty active on Twitter.
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Um, I think the optimal way to use Twitter, and this is something you'll get used to.
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Like, I've been on CT since I think January 2018 on this account.
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Jesus.
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Um, like taking it seriously?
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Yeah, dude, I'm fucking old.
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Um I think following sharp people, which obviously, like most of CT, does a very poor job at actually identifying who's sharp and who's just you know bullshitting.
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Following sharp people and copying them, especially when you don't have your own ideas, is useful.
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I even have some friends who I would consider sharp that I talk to on a regular basis, you know, not on Twitter, where if I don't have a trade idea and then they feel strongly about something, sometimes I'll just blindly copy them because I know this person over the long run is a profitable trader.
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So I don't really believe in that whole you can't copy people to like aid your trading at all.
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Um I certainly wouldn't trade or wouldn't change like a trade that I'm making.
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Like if I'm bullish and someone else is bearish, I'm not gonna like change my thesis and take on their position.
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That'll never happen.
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Um as far as kind of reading comments and stuff, I think I would just take everything with a grain of salt, only follow the sharp people, and then sentiment is only kind of useful at these really extreme turning points that I was talking about.
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For instance, like when the tariff stuff is happening, or even in 2022, I had this tweet where um BTC had put in like I think 10 or 11 consecutive red weekly candles.
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And obviously that whole time down, people were like being pretty bullish and they just didn't accept what was going on.
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And then at the bottom I started saying, like, yeah, you guys seem like you're super addicted to these red candles now, and now you're craving more because of how down you are.
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And then you know, you pair that with like crashing into support levels or whatever, and you can say, Oh, I'm longing now, and you just get like vitriol and counter-sentimate towards it of people saying, like, dude, you can't long, we're gonna go so much lower, this and that.
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I find it useful in those moments, but that's like you know, maybe once or twice a year.
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Like at extremes, up or down.
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Exactly, because like there's this whole like addiction people have to being contrarian at all times, but like being contrarian only pays at turning points.
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Like, are you gonna be contrarian during 2020 and 2021 when everyone's bullish?
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No, everyone's bullish because everything's going up.
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Like, retail does make a lot of money in the early stages of not the early, but like the mid to late stages of bull markets.
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So you can't just be contrarian because you find it attractive.
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People are addicted to being contrarian.
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I I like that.
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Why?
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Why do you think?
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Um, it's a certain subtype of person, which is actually like one of my least favorite type of traders to talk to, is just I feel like in trading, if you're like 110, 120 IQ, it's you know, you're slightly above average intellect and whatever.
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It's more in your interest to go to the left curve than going to the right curve because the right curve is filled with people who are actually extremely, extremely intelligent.
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So I think the people who enjoy being contrarian just have something against making money with the crowd, and they also feel like if they're shorting, it's like a more fun win intellectually.
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It's like just intellectual masturbation at the end of the day.
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I I you know, I I I I shorted some coins recently and made some money, and so I actually enjoyed like I actually understood it for the first time.
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I'm like a long only, I understood it for the first time that bear posting when you're short and coins are going down, there it's this like elitist feeling that it's like almost dangerous.
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But you're right though, there is this crowd that tilts me so much on Twitter that are like the contrarian bears always, and it's like a being a bear as like a personality trait is inherently a little bit miserable, I think.
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Yeah, I mean you should just be able to flip.
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I mean, if you're like perma dooming like equities indices, like I could just pull up a chart of equities indices and be like, okay, you're just you know kind of retarded.
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What what what do you lean?
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Like I or are you mostly long, mostly short?
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Um after 2022, I went mostly long.
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I just didn't have much interest in shorting because 2022 was just such a brutal bear market.
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Like there were earnings calls from like major companies and they would just gap down like 30% after hours, like Facebook and stuff.
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It was it was truly insane.
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Um so after that I was like, okay, I don't think there's much juice left to short things.
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And then I just have less interest in doing it now.
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Uh one of the last times I was really like, you know, pretty heavily short crypto as a whole was just after the whole Trump coin thing, where Solana like deviated all-time highs, and then that was just such an obvious euphoria signal.
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But yeah, I don't really do it too much anymore.
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How did you play that?
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Like, how well did you play that?
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I played it really well in terms of like shorting Solana and like de-risking spot and all that, but I didn't really touch Trump coin too much.
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Yeah, I meant the short side.
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Yeah, yeah, I just held shorts and yeah, it was a pretty simple play.
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Like, you know, uh Solana had been flirting with all-time highs, spiked to like I think 310 or 300 or something, and then deviated back below 260, which was like previous cycle highs.
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So then you can just short that and be like, okay, like, dude, the president of the United States just launched a meme coin.
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That is not a sentence that I thought I would ever say in my life, especially like being in crypto since 2017.
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It's just it's just such a fucking weird trajectory that everything went on.
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So then you can just short that and then that's actually one of my favorite news trades, which is like um also just recently happened where like you know, we had the Clarity Act and then the denial, and the wick from that was really shallow.
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Using those sort of wicks or like price points as like invalidations for trades lets you set up super like favorable um longer short setups.
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Oh, like if we wait like uh Clarity Act, red candle closes, you're long.
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If it goes below that, you're out kind of thing.
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Yeah, because like a lot of people will misuse or misapply news trading where they think the immediate reaction to the news is kind of the natural state of the market, but essentially like the Clarity Act was already at like I think 18% going into it.
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So we kind of knew it was going to be denied, but there was also this like uncertainty and stuff.
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Then it gets denied.
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The wick is super shallow, so you're like, okay, I'm I was long biased before and now I can use this invalidation.
00:17:16.480 --> 00:17:26.319
And then there was also the FOMC rate hike, which didn't even breach that BTC down candle, it just like went kind of close to it, so now you have like a doubly strong invalidation.
00:17:27.920 --> 00:17:28.480
Sorry.
00:17:28.799 --> 00:17:33.279
And then like your upside is just so high because you know, I think hyperliquid and stuff ripped like 20-30%.
00:17:33.599 --> 00:17:37.440
Obviously, Bitcoin went up a lot, but your downside was like, you know, a few percent.
00:17:37.839 --> 00:17:43.519
How do you identify a news event significant enough to act as like invalidation either direction?
00:17:44.960 --> 00:17:57.039
Um it's generally like somewhat sentiment-wise, and then somewhat you can just see a lot of this is I guess where the ball singling stuff comes in, but it's just intuition where like you can see that the entire market is like focused and waiting for this event.
00:17:57.119 --> 00:18:02.000
Um there's not really much going on, and then the event happens and you know the reaction's fairly shallow.
00:18:02.160 --> 00:18:06.880
So are you always trading these big news moments?
00:18:06.960 --> 00:18:10.559
Like, are you never letting one of these go to waste?
00:18:13.119 --> 00:18:18.079
It's that's a hard question to answer because it really depends what you qualify as a big news event.
00:18:18.160 --> 00:18:19.599
Um, I would say I definitely miss stuff.
00:18:19.680 --> 00:18:23.359
Like sometimes I'll just be gone for like a month and I won't even open a chart.
00:18:23.839 --> 00:18:26.880
Yeah, the last like year I don't think I've been home too much.
00:18:28.079 --> 00:18:32.559
Which coincidentally, this is the worst year of trading I've had this entire decade.
00:18:32.960 --> 00:18:34.240
Really, the of the decade.
00:18:34.799 --> 00:18:36.240
Of like the 2020s, yeah.
00:18:36.640 --> 00:18:39.519
Why do you think and what has gone wrong?
00:18:41.039 --> 00:18:42.799
Um I've talked about this.
00:18:42.880 --> 00:18:44.480
I made a pretty long post about it.
00:18:44.640 --> 00:18:49.920
Um essentially, I think the COVID market was just so easy and so telegraph.
00:18:50.160 --> 00:19:01.359
Like, you know, we had ZERP and we had like all this super accommodative and stimulative fiscal and monetary policy and stuff, so it's just obvious we were gonna go inside, um, go up while we were all locked inside just gambling.
00:19:01.599 --> 00:19:11.279
And then heading into the end of 2021, they kind of just reversed all the stances of what happened, so then that became a really easy on the short side, which is when I actually started tweeting.
00:19:11.440 --> 00:19:22.240
Um and then coming out of 2022, it was easy to be bearish just because of how fucking disgusting everything was, like as far as the extent of the downturns and then the FTX collapse and stuff.
00:19:22.559 --> 00:19:27.680
After that, it got a lot more nuance, and I even tweeted in like 2023 or 2024.
00:19:27.839 --> 00:19:36.640
I just think it's gonna be a lot harder for me to time sort of these market cycle tops and bottoms as effectively as I did the last, you know, three, four years.
00:19:36.720 --> 00:19:46.720
And that kind of played out where I sort of sold a lot of stuff and talked about how I was getting bearish fall of last year after the whole pump and Tesla trade stuff.
00:19:47.680 --> 00:20:03.680
And then even though equity equities indices didn't really decline too much, they like you know went sideways a lot, and it became much more of a stock pickers market, whereas like I don't think I'm super good at like picking individual like I'm not gonna hit a sand disk and hit it for a 10x and you know change my portfolio too much.
00:20:03.839 --> 00:20:09.599
I generally do better at timing like macro swings as far as tops and bottoms and bull markets and bear markets.
00:20:09.839 --> 00:20:16.240
So there was a lot of like um sector rotation that was going on in equities indices that I didn't really take advantage of too well.
00:20:16.960 --> 00:20:19.200
Do you think markets are progressively getting harder?
00:20:19.359 --> 00:20:25.839
I guess our anchor being COVID is not the best anchor, but uh is this like a uh a trend that's gonna continue?
00:20:27.119 --> 00:20:28.400
I don't think it's getting harder.
00:20:29.039 --> 00:20:31.279
I don't think the market really changes much at all.
00:20:31.440 --> 00:20:47.759
Um if anything, it's almost easier from a certain person like there's a higher risk of ruin because of how volatile things are, but because of how volatile things are, I think the chance to sort of change your life any given year is like there's just more at bats that you have.
00:20:49.519 --> 00:20:58.079
Like if you look at kind of what markets have done since 2020 until now, like there's been so many absurd narratives, absurd moves, and like bull and bear cycles all throughout that.
00:20:58.240 --> 00:21:00.480
So I don't really think it's more difficult.
00:21:01.119 --> 00:21:14.400
Do you think this period of like increased volatility is something that is the new norm, or is it just a result of you know, a decade-long bull market type of thing that will weather out as time goes on?
00:21:16.079 --> 00:21:18.000
I think it's probably the new norm.
00:21:18.160 --> 00:21:23.359
Like there's more geopolitical unrest than we've ever seen, or not ever seen, but like, you know, I'm not that old.
00:21:23.440 --> 00:21:25.920
So there's a lot of geopolitical unrest and uncertainty.
00:21:26.240 --> 00:21:39.200
There is, I feel like the Fed is more kind of interventionist and more participatory in terms of like how actively they're changing, you know, the economy and like just changing rates and trying to manipulate the market.
00:21:39.359 --> 00:21:42.160
Like the market doesn't really affect the economy as much as it used to.
00:21:42.319 --> 00:21:55.759
Um and then just the rate of like technological innovation and change, the fact that so many things are on social media and the president's kind of like doing what he's doing, like it just all kind of points towards things are gonna continue to be very like volatile going forward.
00:21:56.160 --> 00:21:59.839
By the way, I'm obsessed with your like invalidation candle thing because I'm sitting here thinking about.
00:22:00.880 --> 00:22:06.559
Um even like on the Zcash, like hack, it wicked to like 250.
00:22:06.720 --> 00:22:09.200
I guess it was kind of an aggressive wick.
00:22:09.519 --> 00:22:12.000
And then closed like 360.
00:22:12.079 --> 00:22:13.599
So that's a pretty big spread there.
00:22:13.759 --> 00:22:19.920
But there's like a very clear invalidation if you were to go long after a 60% wipeout or whatever.
00:22:20.000 --> 00:22:22.880
Like it if it goes back below that, it's like, yeah, we're we're done here.
00:22:22.960 --> 00:22:37.440
If you can even even uh uh uh like lighter with the the Robin Hood announcement where they're building their own perp decks, like it very clearly it's a pretty significant news event that that just happened and it sort of gives you a line.
00:22:37.839 --> 00:22:42.400
It pumps over the bounds, and you're sure, like, all right, we're probably gonna keep going up here.
00:22:43.359 --> 00:22:48.319
I wouldn't really qualify those as the same type of trade, just because it's not necessarily a news event.
00:22:48.400 --> 00:22:53.279
It's more like, you know, as far as with lighter, like the actual fundamentals of the coin did change in that moment.
00:22:53.440 --> 00:22:59.519
Like a lot of the bullish speculation on it was that it was gonna have this Robin Hood integration and they were very closely aligned there.
00:22:59.839 --> 00:23:01.759
And then the Zcash thing, too.
00:23:02.000 --> 00:23:05.759
A lot of that was old FUD, but it kind of obviously had a material impact.
00:23:05.920 --> 00:23:10.319
Um, but the invalidation is just so wide that it doesn't really become a trade that you can take over.
00:23:10.640 --> 00:23:11.599
It is really wide, you're right.
00:23:11.759 --> 00:23:12.559
It's too much.
00:23:12.880 --> 00:23:13.519
Yeah.
00:23:13.920 --> 00:23:16.079
You hate Zcash, don't you?
00:23:16.720 --> 00:23:17.519
Uh pass.
00:23:18.240 --> 00:23:18.559
Okay.
00:23:18.960 --> 00:23:27.599
Um earlier you made a comment about uh the base contrarian is the like the worst, the type of trader you hate you'd like to talk to the least.
00:23:27.759 --> 00:23:30.160
What is the type of trader you like to talk to the most?
00:23:31.759 --> 00:23:34.960
Um, I'm honestly not super collaborative with trades.
00:23:35.200 --> 00:23:42.240
Um I like having friends who I can talk to about aspects of the market that I'm not good at and don't pay attention to.
00:23:42.400 --> 00:23:48.880
So, for instance, I have a few friends who are pretty good at on-chain, which like I don't pay any attention to really, I just don't care.
00:23:49.039 --> 00:23:52.559
But you know, if they send me a coin and they're like, yo, you should buy this, it's probably good.
00:23:52.720 --> 00:23:57.119
I can just throw like you know some money at it, and over the long run, it's been profitable.
00:23:57.279 --> 00:24:00.000
So people who shore up your weaknesses are really good.
00:24:00.160 --> 00:24:04.160
And then obviously I just like talking to people who I consider um super sharp.
00:24:04.240 --> 00:24:06.640
But yeah, I don't really talk trading with too many people.
00:24:07.039 --> 00:24:23.440
How do you, as someone that has I mean, I don't know what your your net worth is or PL, but as someone that has seemingly done very well, uh, or at least is in a position to trade full time, how conscious of you are you at all times of like managing downside and not blowing up?
00:24:23.519 --> 00:24:28.720
Like how much of a f how much of an effort are you putting into this consciously uh as you continue to trade?
00:24:29.440 --> 00:24:55.039
I think once you pass a certain net worth, um that has to be kind of your main focus because if you've been in markets long enough, you know, especially in this, like how we're talking about there's just a more volatile regime going forward, you just know every year there's gonna be like at least three or four pretty generational opportunities to make a lot of money, and then like sprinkled all throughout that, you know, you can trade really well and make a good uh amount as well.
00:24:55.359 --> 00:24:59.599
So I think as long like the downside is kind of what you have to manage.
00:24:59.680 --> 00:25:01.519
Like the upside is what takes care of itself, right?
00:25:01.599 --> 00:25:05.839
Like you can just long things and it'll kind of go up if if you're in that regime.
00:25:05.920 --> 00:25:12.160
But if you're getting caught in a bear market, crawling out of that, not getting mentally tilted, like those are the things that would kind of destroy people.
00:25:12.240 --> 00:25:15.839
So I definitely spend a lot more time trying not to draw down.
00:25:15.920 --> 00:25:22.000
And maybe that you know limits my upside more than it should, but it's con it's like a constant refinement process, you know.
00:25:22.240 --> 00:25:29.359
Do you have like a circuit breaker level where if you if you draw down 15%, 20%, 50%, you are like done for a certain time period?
00:25:30.079 --> 00:25:31.599
Um have you ever hit that?
00:25:32.720 --> 00:25:34.559
Not in a long time, no.
00:25:34.960 --> 00:25:36.960
What was your biggest drawdown?
00:25:37.680 --> 00:25:50.000
I mean, I guess blowing up in 2018 and 2019 a few times was my biggest drawdown, but ever since then, the closest I really came to a material drawdown would have been I think it was Q4 of 2023.
00:25:50.079 --> 00:25:54.960
It was like AMD earnings, and I was just super, super over-levered into call options.
00:25:55.279 --> 00:25:55.839
Why?
00:25:56.400 --> 00:26:02.720
Uh I mean it was early 2023, and then you know, shutout chumba, the chart looked bullish, so I was just fucking bullish.
00:26:03.119 --> 00:26:06.319
Um and I was just yeah, super bullish on equities in general.
00:26:06.480 --> 00:26:07.440
AMD looked really good.
00:26:07.519 --> 00:26:14.559
They reported earnings, it gapped down really hard after hours, so I was like, oh, I'm kind of fucked, like I'm gonna take a huge strawdown here.
00:26:14.720 --> 00:26:20.400
But then it retraced the full move after hours, and then I knew like I was gonna wake up to probably a plus 10% day.
00:26:20.559 --> 00:26:28.240
Um, I ended up TPing that way too early because obviously AMD did what it did, but yeah, I was just a little way too oversized to be honest.
00:26:28.480 --> 00:26:30.319
So, how uh actually let me ask you that first.
00:26:30.400 --> 00:26:34.720
How do you think about position sizing and position horizon?
00:26:34.799 --> 00:26:36.480
Like what is your general time?
00:26:36.559 --> 00:26:41.440
I mean, I know this is like it depends on the position, but how do you think about like time horizons when you enter a trade?
00:26:41.519 --> 00:26:47.440
And then how do you think about percentage sizing relative to your trading portfolio?
00:26:47.519 --> 00:26:51.200
Like how big are you going on some of these trades that that you post?
00:26:52.400 --> 00:26:53.680
Uh it depends.
00:26:53.839 --> 00:27:03.279
It definitely changed after 2023, where I was more focused on you know shoring up my spot portfolio than being like I'm gonna leverage trade, you know, my entire net worth.
00:27:03.519 --> 00:27:14.559
So even in 2023, I was tweeting about how like every uh at the end of every month, all of my like perp trading profits I just withdrew instead of trying to compound, and I would just use them to buy you know more spot crypto.
00:27:14.799 --> 00:27:21.519
I think it's just a more responsible way and an easier way to kind of compound, especially if you're coming out of such a brutal bear market like 2022.
00:27:21.599 --> 00:27:25.279
Like that strategy is obviously not really valid at this point.
00:27:25.519 --> 00:27:30.559
But in terms of like sizing and all that type of stuff, honestly, a lot of it is just like gut feeling.
00:27:30.720 --> 00:27:36.799
If I feel like an idea is really good and it has like what I perceive to be a pretty tight invalidation, I'll size harder.
00:27:36.880 --> 00:27:41.680
Whereas if it's you know, I'm knife catching something, I'm obviously not going to be like levered going into it.
00:27:41.759 --> 00:27:44.880
I'll just like buy some, buy some more, and then eventually hope it works out.
00:27:45.119 --> 00:27:51.839
So, what do you have right now as long-term spot that you think you know, long-term compounding spot, if anything?
00:27:52.400 --> 00:28:01.200
Uh I mean, I feel like that changes in the weightings of that stuff changes so often that I've pretty much only been talking about leverage trades for the past few years.
00:28:01.440 --> 00:28:11.599
Uh, you could look at like right now, I have a decent bit of like Google and Amazon and stuff, and then I have some um random stuff like PS and fix, and yeah, it's just too much to talk about, honestly.
00:28:11.680 --> 00:28:17.680
That's why I like posting individual trades because it's like this has a defined start and a defined end and a defined kind of invalidation.
00:28:17.759 --> 00:28:25.759
Whereas like with the majority of my port, if I'm like spot long, I'm not gonna be like overly sweating a move this way or that way, and it might last months and stuff, so yeah.
00:28:26.559 --> 00:28:33.599
Um, how have you played this recent crypto pop from 67 or whatever until what are we right now?
00:28:33.759 --> 00:28:36.079
83 and uh scary.
00:28:36.160 --> 00:28:39.759
How have you played like the last three months or so in crypto?
00:28:40.799 --> 00:28:43.839
Um, I definitely missed the absolute bottom.
00:28:43.920 --> 00:28:53.279
Um, I posted some hype trades that I was making before, which I was doing well on, and then missed out on the bottom and then longed the whole kind of clarity and FOMC rate hike stuff.
00:28:53.440 --> 00:29:05.359
And then it seems like now uh a lot of the coins have kind of broken the market structure that was making them super bullish, whether it's like you know, Athena or Zcash or hype and all these things, even lit.
00:29:05.839 --> 00:29:13.039
Um, and then BTC, Solana, and almost ETH are kind of being stiff armed at this like yearly open level.
00:29:13.200 --> 00:29:18.160
So I think it's a pretty good spot of like, you know, if we can flip those levels, then you can look to risk back on.
00:29:18.880 --> 00:29:22.400
But if we break below like 81, then you're gonna start sweating.
00:29:22.559 --> 00:29:25.279
So I've I've just been patient the last two weeks.
00:29:25.839 --> 00:29:26.480
Interesting.
00:29:26.640 --> 00:29:30.880
Do you are you uh I mean what's your like general outlook for crypto from this stage?
00:29:30.960 --> 00:29:33.680
Like six month, year plus, two-year time horizon.
00:29:33.759 --> 00:29:35.200
Like, are you generally bullish?
00:29:35.279 --> 00:29:38.480
Are you just trading the charts with no real bias either direction?
00:29:38.640 --> 00:29:43.359
Like, how do you feel about the direction that thing I mean the direction things have gone?
00:29:45.119 --> 00:29:45.680
Hmm.
00:29:46.400 --> 00:29:55.279
Uh I don't really feel like I'm the best person to answer as far as where I think it's heading in two years, because I just don't obviously understand or care for the tech side very much.
00:29:55.680 --> 00:30:06.319
I will say I felt like coming out of 2022 was a lot easier to be bullish than coming out of 2025 or 2026, whatever you want to classify this bear market as.
00:30:07.599 --> 00:30:17.920
Um as far as like, so last year in the fall, I kind of posted like this long bearish manifesto of like, and it relates to something Jez talked about, whereas like who's the next marginal buyer?
00:30:18.160 --> 00:30:18.720
Yeah, yeah, yeah.
00:30:19.119 --> 00:30:20.319
Like after the dads.
00:30:21.039 --> 00:30:38.240
Yeah, so essentially we had the you know, the ETF speculation and approval leg, and then we had the whole presidential bullish bias leg where we're like, oh, Trump is gonna like really push forward on regulations and like you know make crypto a priority, and then he kind of launched his coin before his inauguration, and you know, that how went how that went.
00:30:38.400 --> 00:30:42.319
And then there was the whole DATS thing and all that, and then you could see those fail in real time.
00:30:42.480 --> 00:30:48.559
And then at the same time, some sharp people like CL were saying, like, oh, this is the most toppish Bitcoin has looked.
00:30:48.640 --> 00:30:58.960
I started feeling similarly, and then all these dormant wallets that like hadn't really moved for like 12-13 years started selling like billions of dollars worth of BTC, so it seemed like smart players were unloading.
00:30:59.440 --> 00:31:04.559
Um so it was a lot of like yeah, I just didn't see who the next marginal buyer was.
00:31:04.799 --> 00:31:08.960
And then also it seemed like a lot of the vision of what crypto is gonna be kind of changed.
00:31:09.200 --> 00:31:12.640
So I don't really see how that's changed for me personally.
00:31:12.799 --> 00:31:21.440
I don't know what's gonna happen going forward to make it so that I'm gonna allocate like a large percent of my portfolio to like spot Ethereum or spot Bitcoin or something.
00:31:21.759 --> 00:31:32.640
Even like last cycle, if you look at it, like in terms of diminishing returns and stuff, like Solana and Ethereum only barely breached their 2021 cycle highs and then kind of got destroyed.
00:31:32.880 --> 00:31:38.720
So unless you're like, you know, pico sniping bottom entries, which I know everyone on Twitter is, but I'm not all the time.
00:31:38.799 --> 00:31:46.880
Um, it just doesn't really make a whole lot of sense to be like I'm gonna hold you know half my net worth and spot ETH for the coming years, at least from my perspective.
00:31:47.359 --> 00:31:47.759
Got it.
00:31:47.920 --> 00:31:54.799
So you don't have like this substantial percentage of your risk net worth like allocated to spot Bitcoin at this stage.
00:31:54.880 --> 00:32:00.319
You're just like trading long, short, leverage positions depending on key levels.
00:32:01.279 --> 00:32:13.519
Yeah, like 95% of my net worth, liquid net worth would be in trad fi, and then I just keep some on various perp exchanges because I do feel like the thing I'm best at with crypto is always going to be perps, not necessarily on-chain or any of that.
00:32:13.599 --> 00:32:18.319
Um so yeah, I just abuse some perp moves whenever I see them and focus more on trad fi.
00:32:18.640 --> 00:32:21.680
Why do you think you'll be continue to be good as a trader?
00:32:21.920 --> 00:32:28.319
Like, how do you not like lose edge or like erode skill or just get like washed?
00:32:29.839 --> 00:32:33.680
Um, I mean, I've been doing it for a really long time.
00:32:33.839 --> 00:32:42.559
And then I think most of the challenges with trading, like I'm not overly I'm not overly focused on saying like I need to have a definable, quantifiable edge, like a lot of people are.
00:32:42.640 --> 00:32:44.319
Oh, if you can't define your edge, you don't have one.
00:32:44.400 --> 00:32:45.440
I don't really believe in that.
00:32:45.519 --> 00:32:47.039
Um Can you give me a take on that?
00:32:47.119 --> 00:32:51.119
Because I'm so sick of hearing uh it drives me crazy because I feel like I don't have one.
00:32:51.920 --> 00:32:53.920
I mean, if you don't have one that's definable, that's fine.
00:32:54.000 --> 00:32:58.160
But like at a certain point after you've been profitable for a certain number of years, it's clear that you do have one.
00:32:58.319 --> 00:32:59.920
You might not just be able to define it.
00:33:00.000 --> 00:33:04.400
But like, does it really take edge to participate in the market in like 2020 and 2021?
00:33:04.559 --> 00:33:08.960
Recognize that there's all this you know simulative fiscal and monetary policy and things are gonna go up.
00:33:09.119 --> 00:33:11.200
Like on a certain level, fundamentals do matter.
00:33:11.279 --> 00:33:16.319
So if you can like quickly identify that you know we're in a bullish regime, like I don't know if you would call that edge.
00:33:16.720 --> 00:33:31.920
I guess like non-quantifiable edge is like I truly don't care if markets are gonna go up or down, and I have the emotional discipline to wait for good setups and execute well generally, not all the time, obviously, but you know, above what other people have.
00:33:32.079 --> 00:33:34.480
So I guess that's edge in a way.
00:33:35.279 --> 00:33:43.519
I think that definable edge thing is funny when you you look at like the monthly SPX chart, and it's like, all right, what was your definable edge?
00:33:43.680 --> 00:33:50.640
It's like you just like Yeah, it's a very sticky situation and typically tends to be something uh I think quant traders focus on more.
00:33:50.720 --> 00:33:57.920
Like discretionary traders, I know a lot of people who are pretty retarded who are I myself included, probably, who have done fairly well over the years.
00:33:59.599 --> 00:34:02.640
Um what do you think about this trend?
00:34:02.799 --> 00:34:10.400
I think that's I would say it's a market trend, but maybe it's just a CTV echo bubble trend of posting PLs.
00:34:12.159 --> 00:34:14.000
What do I think about posting PLs?
00:34:14.239 --> 00:34:14.559
Yeah.
00:34:14.800 --> 00:34:19.119
And just like the direction this is going where everyone is just like public trading accounts posting PLs.
00:34:19.280 --> 00:34:23.840
If you don't have much of a take on it, we could skip it, but I I was I thought you'd be an inter interesting person to ask.
00:34:24.239 --> 00:34:27.440
Um, I don't really have too much thoughts on it, I guess.
00:34:27.519 --> 00:34:29.599
I don't, it's not really something I spend time thinking about.
00:34:29.840 --> 00:34:36.239
It is like it has been something in the past that um sometimes unethical people will use.
00:34:36.320 --> 00:34:42.239
Like, you know, if you see a big PL, you immediately will think someone's a really good trader, but then there's people who have made it through scamming.
00:34:42.320 --> 00:34:50.960
There's people who have like, you know, they're just hedging their book on another thing, or they're just like longing one account, shorting the other account, posting the big PL and being like, look, dude, I'm fucking sick.
00:34:51.119 --> 00:34:53.199
So it's not something I super pay attention to.
00:34:53.360 --> 00:34:53.679
Okay.
00:34:54.159 --> 00:35:05.360
Um, for some like crypto lore, can you give me like a uh we could do it by errors, but can you give me like a can you give me like a crypto trading Mount Rushmore?
00:35:05.519 --> 00:35:06.639
A top five.
00:35:06.880 --> 00:35:15.039
All it could be like, it doesn't have to be like top PL, but it could be like flashiest, your favorite, highest skill, whatever.
00:35:15.119 --> 00:35:18.559
Can you give me like a can you give me a top five CT trader Mount Rushmore?
00:35:19.760 --> 00:35:22.400
Uh yeah, let me check my following list one sec.
00:35:22.639 --> 00:35:23.679
You don't follow that many people either.
00:35:23.760 --> 00:35:24.559
Let me see how many people follow.
00:35:24.719 --> 00:35:25.760
You follow 185.
00:35:26.239 --> 00:35:27.760
Yeah, sometimes that makes people upset.
00:35:27.840 --> 00:35:29.280
I have no idea why.
00:35:30.719 --> 00:35:33.920
You also follow like the same person three times, like their alt and shit.
00:35:34.719 --> 00:35:36.719
Um, Kobe's definitely up there.
00:35:36.960 --> 00:35:45.599
Um for me personally, Lomo was pretty important, like especially in 2018-2019 following him.
00:35:45.679 --> 00:35:54.480
I just saw him crushing the market at a time where it was like very difficult, and I just didn't really understand what was possible trading-wise at the time, so that was interesting to see.
00:35:55.519 --> 00:36:07.519
Um I mean, you could probably put G C R up there, even though I didn't follow him super early on.
00:36:09.360 --> 00:36:10.559
G C R Loma Kobe.
00:36:11.360 --> 00:36:12.719
A bunch of hot takes in there.
00:36:13.519 --> 00:36:16.239
Yeah, I mean, it's pretty standard, right?
00:36:16.480 --> 00:36:25.039
Uh I think CL probably deserves to be up there in terms of I just really respect him as a trader, even though our trading styles are generally completely different.
00:36:25.199 --> 00:36:31.440
He hit a lot of like really big swings, even like this last top in 2025, and I just know for a fact he's sharp.
00:36:32.480 --> 00:36:38.159
Um this is not the most uh deep dived list.
00:36:38.239 --> 00:36:39.360
I'm just scrolling my following.
00:36:39.599 --> 00:36:41.360
I didn't prep you for it, to be fair.
00:36:42.320 --> 00:36:45.840
It's like kind of uh it's kind of a tough one to spot.
00:36:46.559 --> 00:36:47.440
A fifth one, yeah, I don't know.
00:36:47.519 --> 00:36:49.119
Mount Russian War's four people, so there you go.
00:36:49.280 --> 00:36:50.079
There you go.
00:36:50.400 --> 00:36:51.679
Um, not bad.
00:36:52.000 --> 00:36:57.119
What uh you said historically you've been pretty good at calling cycle tops and bottoms.
00:36:57.599 --> 00:37:01.840
Yeah what do you think about tradfy markets right now?
00:37:02.000 --> 00:37:03.760
Like the AI trade in particular.
00:37:03.920 --> 00:37:07.119
Like I know you have I think Amazon, Google, or definitely Google.
00:37:07.360 --> 00:37:08.639
Maybe I made up the Amazon one.
00:37:08.800 --> 00:37:10.159
How are you Amazon too?
00:37:10.320 --> 00:37:15.599
Okay, how are you positioned in and how much higher do you think we can go?
00:37:15.760 --> 00:37:19.599
I think Michael Berry is on Twitter calling for nine more months of a bull market recently.
00:37:19.679 --> 00:37:21.039
Like, what what do you think?
00:37:21.360 --> 00:37:23.440
I mean, yeah, he probably said that three years ago as well.
00:37:23.519 --> 00:37:26.400
Like, you just can't take too seriously what that guy's talking about.
00:37:26.480 --> 00:37:29.280
I'm pretty sure he's been shorting in video for like two years or something.
00:37:29.440 --> 00:37:30.880
I have no idea, dude.
00:37:31.119 --> 00:37:32.639
Um, I don't know.
00:37:32.719 --> 00:37:34.320
I'm not really one for targets or anything.
00:37:34.400 --> 00:37:36.559
You kind of just react to what's happening in real time.
00:37:36.719 --> 00:37:49.360
It seems like a lot of people were screaming for markets to go lower right now with the whole 10-year thing, but it's probably likely that the 10 year is just trying to be competitive and catch up with like growth potential.
00:37:49.679 --> 00:37:56.480
So, like the fact that risk markets didn't really react to that at all, even though that shit was going parabolic, has me skewed to the upside right now.
00:37:56.639 --> 00:38:00.480
I don't know how long that'll last, but yeah, my current take is bullish.
00:38:00.880 --> 00:38:02.800
How much attention do you pay to the macro stuff?
00:38:02.960 --> 00:38:10.559
Like, I feel like so many of my favorite traders have been completely just ray beam pointed at their head top macro waved.
00:38:10.960 --> 00:38:16.400
How focused are you on Fed, Wars, the Treasury, bond yields?
00:38:16.559 --> 00:38:25.760
Like, how how how much attention do you pay on that versus the charge versus your own just fundamental belief in assets or coins or whatever it is?
00:38:26.960 --> 00:38:38.559
Uh I mean it all kind of plays in together in terms of like you know, you digest all the information that's out there and then it kind of melds in your subconscious to like spit out a market view, whether that's up, down, or I don't know.
00:38:38.719 --> 00:38:47.280
Um I don't really pay attention to macro in super specific details like someone like you know Fizhao might, even though he's I think he's really good at it.
00:38:47.440 --> 00:38:50.079
I'm just not gonna be looking into like NFP data and all this.
00:38:50.320 --> 00:39:04.639
The most I kind of looked at was like I was pretty uh attentive to CPI in 2022, but that's because you know most of 2022 was just this worry about inflation leading to more rate hikes and stuff, and that was their whole goal to get that down.
00:39:04.960 --> 00:39:14.480
So for instance, like in 2022 when crude oil topped, that was uh in June 2022 when we had a really big rally in risk, like they were pretty much directly inversely correlated.
00:39:14.960 --> 00:39:22.719
So I'm not really paying attention super specifically, it's just like broader level, seeing what the Fed's talking about, seeing what the market is caring about or not caring about.
00:39:22.880 --> 00:39:27.760
So I haven't really been paying to this attention to this 10-year stuff for bonds because I just don't really care.
00:39:28.559 --> 00:39:34.079
Do you have any ability to quantify the intenseness of the ball tingle?
00:39:34.159 --> 00:39:35.119
I don't even know how to ask that.
00:39:35.280 --> 00:39:42.800
Like, do you have any like metrics to quantify if it's like a real, like a I don't know how to say this, like a hard ball tingle or a soft ball tingle?
00:39:42.880 --> 00:39:45.519
Like, does the ball tingle have metrics?
00:39:46.480 --> 00:39:52.000
Uh as far as hard data know, like it's pretty much just gut feeling.
00:39:52.159 --> 00:39:59.119
Again, like there will be I kind of meme about how you know I don't think about markets at all and it's all just like intuition and stuff.
00:39:59.199 --> 00:40:05.599
But like I said, like the bigger trades I've taken that are at mega turning points definitely have some thought behind them and biases.
00:40:05.760 --> 00:40:11.360
But then there will be a bunch of trades where it's just like I'll just look at the price action and be like, oh, this looks like it's gonna go up along some.
00:40:11.840 --> 00:40:15.679
It might not be size as hard as something that I'm super convicted in, but yeah.
00:40:16.000 --> 00:40:16.800
Are you like a chart?
00:40:16.960 --> 00:40:19.199
You you are are you a chart looks good guy?
00:40:19.440 --> 00:40:20.880
Yeah, for sure.
00:40:21.440 --> 00:40:35.360
I hate the chart looks good shit right now because it's it's my favorite bit, because it's like like Chumba had this tweet, someone tweeted at him, a chart of Micron, and he was like bearish, and he was like it was like chart looks good, and he was like chart looked bad yesterday.
00:40:35.440 --> 00:40:36.639
Like, how is this possible?
00:40:36.880 --> 00:40:40.400
It's just like it's a the chart looks good, is like a funny bit, you know.
00:40:40.639 --> 00:40:52.000
Yeah, me and Chumba have definitely gone back and forth on it uh over the years a couple times because he's always ragging on TA, and I'm just like, yeah, just because you know other people misapply this tool doesn't mean it's not worthwhile.
00:40:52.079 --> 00:40:55.360
And it's not like you know, like fucking drawing head and shoulders and all this retarded shit.
00:40:55.519 --> 00:40:56.719
Um it's not that.
00:40:57.039 --> 00:41:09.840
The easiest way I can kind of talk about why looking at price is useful is like, you know, there's gonna be people smarter than you analyzing the market, there's gonna be people who have insider info, especially in like, you know, today's regime politically.
00:41:10.079 --> 00:41:20.480
Um no matter what all these like intelligent and more informed people are gonna think and know, all of that is going to manifest itself in the chart by people either buying or selling whatever they know.
00:41:20.719 --> 00:41:27.679
So there's no way for them to hide that sort of bias without impacting the chart.
00:41:27.760 --> 00:41:47.599
And if you know what you're looking for, then you can be like, okay, like sure there's a lot of quote unquote bad news coming out right now, but you can see that a lot of like more intelligent people are buying, and then you know, the there's been a few times in my career where I'll notice there's something developing and I have no idea what, and then you know, I'll buy something and then the news release comes out like a day or two later.
00:41:47.920 --> 00:41:48.880
This I like.
00:41:49.039 --> 00:41:52.320
It's like the it was written in the charts concept.
00:41:52.639 --> 00:41:56.320
Yeah, as uh old heads say in Plumbers, it was uh shown in the tape.
00:41:56.639 --> 00:41:58.480
I hate people say tape.
00:41:59.519 --> 00:42:00.719
I hate that.
00:42:01.679 --> 00:42:10.000
So to that, I guess to that perspective, how much PL uh sorry, um how much attention do you pay to TA?
00:42:10.079 --> 00:42:14.800
Like will you ever enter a strictly chart looks good type of trade?
00:42:15.679 --> 00:42:21.920
Yeah, those definitely happen a lot in between sort of the macro or event-driven theses that I'll put out.
00:42:22.159 --> 00:42:27.119
Um I mean, even the Pump Fun trade was essentially just chart looks good, like in fall of 2025.
00:42:27.360 --> 00:42:29.280
It was literally just like, okay, this is coming out.
00:42:29.360 --> 00:42:31.519
I'm not interested in playing new launches too well.
00:42:31.679 --> 00:42:34.880
It dumped super heavily and then it started making a constructive base.
00:42:35.119 --> 00:42:38.880
At the same time, everyone was like adamant that they were not gonna buy this thing.
00:42:38.960 --> 00:42:43.599
Like it truly, as far as I remember, was you, me, and a couple other people who were bullish at that time on Pump Fun.
00:42:44.079 --> 00:42:48.719
And you know, a lot of that trade for me was just like, oh, all these people are refusing to long this and now the chart looks good.
00:42:48.800 --> 00:42:50.000
Like, pretty simple idea.
00:42:50.239 --> 00:42:53.280
Do you have any like sizing math alpha you can give us?
00:42:53.360 --> 00:42:56.079
Like when you were entering chart looks good, pump fun.
00:42:56.800 --> 00:43:05.360
Yeah, how much let like how much size, how much leverage, like how how do you have any system that you come back to, or is it just like, I don't know, this slide it a little bit.
00:43:05.519 --> 00:43:06.719
This seems about right.
00:43:08.239 --> 00:43:13.039
I mean, it's difficult to say because everyone's financial position is gonna be different.
00:43:13.199 --> 00:43:22.159
So, like, sure, I might be using you know a good amount of quote unquote leverage, but like as a whole, crypto as a percent of my book is just not gonna be super high.
00:43:22.400 --> 00:43:28.480
So it kind of doesn't really mean anything as far as like leverage, it's just about sizing and how much am I risking of my total book?
00:43:28.639 --> 00:43:30.239
How good do I feel about this idea?
00:43:30.400 --> 00:43:32.079
How far is the invalidation level?
00:43:32.320 --> 00:43:34.320
It's too context dependent.
00:43:34.800 --> 00:43:37.840
Do you ever trade options or is it perps or perps and spots?
00:43:38.159 --> 00:43:39.679
I trade, yeah, quite a lot of options.
00:43:39.920 --> 00:43:42.239
What do you think about uh what do you think about this crypto option stuff?
00:43:42.320 --> 00:43:44.639
Do you like this derive and these things?
00:43:44.960 --> 00:43:46.639
I've never traded crypto options.
00:43:47.280 --> 00:43:48.159
I like perps a lot.
00:43:48.320 --> 00:43:51.760
What do you think about options versus perps uh a vehicle to trade?
00:43:51.920 --> 00:43:53.840
Like I I never trade options.
00:43:53.920 --> 00:43:54.880
I've been trading a lot of perps.
00:43:55.039 --> 00:43:57.599
Like, do I need to learn how to trade options to as no?
00:43:57.840 --> 00:43:58.480
Like, is that a leak?
00:43:58.800 --> 00:43:59.760
Um no, do not.
00:44:00.239 --> 00:44:00.639
Trade options.
00:44:01.119 --> 00:44:04.559
If I could give most people advice, most people should not be trading options.
00:44:04.639 --> 00:44:07.119
And I think Jez laid it out pretty well in a longer post.
00:44:07.199 --> 00:44:08.480
Um, shout out Jez.
00:44:08.880 --> 00:44:12.960
I think he writes about a lot of like fundamental market dynamic stuff really well.
00:44:13.119 --> 00:44:14.480
So he writ he laid it out pretty well.
00:44:14.559 --> 00:44:16.159
I think perps are just a superior instrument.
00:44:16.559 --> 00:44:21.280
Options are like kind of a money incinerator for the majority of people.
00:44:22.480 --> 00:44:30.079
Do you have like a trade that you look back on that you like still think about that you like royally fucked up that you wish you could have back?
00:44:30.719 --> 00:44:31.760
Yeah, a lot.
00:44:32.000 --> 00:44:34.079
Is there any like one that really stands?
00:44:35.599 --> 00:44:48.400
Uh I mean recency bias-wise, there was the whole uh memory trade that was going on, and then I tweeted at the start of the year, you know, like I'm super bullish on Korea because of Hynix and Samsung and stuff.
00:44:48.719 --> 00:45:07.039
And then I was buying calls on EWI, and this is one of the times I'll actually like you know use options because for some reason the eyeball on like implied vol on calls for EWI was like 30 something percent, even though the index had moved like I think it had doubled the prior year.
00:45:07.280 --> 00:45:08.400
So it just didn't make sense to me.
00:45:08.480 --> 00:45:14.480
Like it was having two, three, four, five percent intraday moves, and eyeball was super cheap, and I was super bullish on this whole thing.
00:45:14.719 --> 00:45:22.639
So I bought calls, they repriced both directionally and like vol expansion, and then you know, the Iran War was kind of getting more and more telegraphed.
00:45:22.800 --> 00:45:30.639
And then NVIDIA reported earnings, and they were really, really stellar, crushed earnings, went up a bunch after hours, and then retraced that move.
00:45:30.800 --> 00:45:35.760
And I was already kind of looking for like a point to kind of TP my shorter dated stuff.
00:45:36.239 --> 00:45:37.840
So I TP'd some of the shorter dated stuff.
00:45:37.920 --> 00:45:39.519
The Iran War started, markets started nuking.
00:45:39.679 --> 00:45:53.199
I was like, okay, great, but then I kind of over-extrapolated, you know, sometimes you like mismanage execution just by like applying your local top sort of you know intuition into your longer-term stuff.
00:45:53.280 --> 00:46:05.119
So I ended up selling my longer-term options and my spot EWI, which like you know, for a little bit of time was actually a good play, but I just never re-entered it after the Iran war kind of settled.
00:46:05.199 --> 00:46:09.760
And then obviously EWI went to like 200, I think, and you know, there's a crazy bull market in memory.
00:46:09.840 --> 00:46:14.400
So I just kind of overmanaged that position, even though I was fundamentally really bullish on it.
00:46:14.559 --> 00:46:19.599
Um, sometimes sacrificing a really good entry is just not worth it, even if you're gonna nail a local top.
00:46:20.880 --> 00:46:21.920
That's a tough one.
00:46:22.159 --> 00:46:23.599
That Iran war was fucked.
00:46:23.920 --> 00:46:24.880
Oh my god.
00:46:25.119 --> 00:46:27.199
Navigating down has been tough.
00:46:27.519 --> 00:46:29.760
Yeah, I haven't paid attention to that in like two, three months.
00:46:30.000 --> 00:46:32.480
Well, the more it's just I don't know if this is how it normally goes.
00:46:32.559 --> 00:46:33.119
I don't think so.
00:46:33.199 --> 00:46:35.119
The market just like stopped caring.
00:46:36.159 --> 00:46:36.800
Yeah.
00:46:37.440 --> 00:46:38.719
I I'm not really sure.
00:46:38.800 --> 00:46:42.559
It definitely seems like the market stops caring, and once the market stops caring, I kind of stop paying attention to it.
00:46:42.719 --> 00:46:43.519
Well, it's like what I mean.
00:46:43.599 --> 00:46:45.760
I can't just like watch Fox News every day.
00:46:45.840 --> 00:46:56.159
Like, I I have to like at a certain point, it I yeah, it's like how much I I can only watch so much Tucker Carlson before it's like, alright, guys, uh wrap it up.
00:46:57.760 --> 00:46:59.039
Yeah, it's like with everybody else.
00:46:59.199 --> 00:47:00.880
Why do you still post on Twitter?
00:47:02.320 --> 00:47:04.159
Why do I still post on Twitter?
00:47:04.320 --> 00:47:09.679
Um that is definitely a good question that I've asked myself more recently.
00:47:09.840 --> 00:47:10.880
I think you just love it.
00:47:11.119 --> 00:47:12.000
Like at heart.
00:47:12.159 --> 00:47:12.400
No.
00:47:12.719 --> 00:47:13.519
I think you do, dude.
00:47:14.320 --> 00:47:21.119
I do enjoy, you know, posting trades, and I feel like it actually kind of makes you sharper being kind of laying out your theses.
00:47:21.280 --> 00:47:23.119
Also, it's really useful as like a private journal.
00:47:23.199 --> 00:47:32.719
Like the fact that I can go back five years to November 2021 and see like what was my mental state, what was my thinking, where did I go right, where did I go wrong, and you know, it's this huge journal.
00:47:32.800 --> 00:47:34.079
That's super useful.
00:47:34.639 --> 00:47:39.119
But I started out posting for the same reason everyone does.
00:47:39.199 --> 00:47:49.599
Like, you want to gain a following, you want to get a reputation, you want to get access to you know, intelligent people, news, deal flow, whatever, like all those benefits that you get associated with being a publicly known account.
00:47:50.320 --> 00:47:57.360
But recently I post a lot less, I'm less at my desk, even though I'm trying to be at my desk a little more for the next few months.
00:47:57.599 --> 00:48:02.480
Um also a lot of the unintended consequences were why I kept posting.
00:48:02.559 --> 00:48:07.679
So I ended up making like a really some really great friends early 2022 and 2023.
00:48:07.840 --> 00:48:09.679
Nice who I've like gotten very close with.
00:48:09.760 --> 00:48:16.320
And then I've also had a lot of messages from people over the years of saying like, yo, like, you know, you've helped me learn, you've kind of changed my life, this and that.
00:48:16.480 --> 00:48:17.920
So that was pretty gratifying.
00:48:18.079 --> 00:48:25.039
But yeah, I'm not really sure what the future of my account's gonna be or how long I'm gonna be around.
00:48:25.519 --> 00:48:36.559
I know you're not like a huge advice guy, but is there anything um like mistakes a lot of new traders do that you think should stop, or something a lot of new traders don't do that they should start doing that you like recommend?
00:48:38.639 --> 00:49:03.440
Um I mean it's like pretty vague advice, but you actually have to pay attention to your risk management, which is like you know, that's valid advice a little later in your career, but like I think going from a small portfolio to something that actually kind of matters to your life is such a difficult task that you kind of have to throw risk management out the window at some point and just like go balls to the walls on a trade.
00:49:03.519 --> 00:49:10.000
But then shifting between that mindset and then being more responsible is something that a lot of people don't have the ability to do.
00:49:10.639 --> 00:49:12.880
Um advice.
00:49:13.280 --> 00:49:13.760
I don't know.
00:49:13.840 --> 00:49:15.119
I don't think advice is terribly useful.
00:49:15.199 --> 00:49:21.519
Like it think it's like anything, like you wouldn't really ask like a lawyer, yo, do you have any tips on being a lawyer?
00:49:21.679 --> 00:49:39.039
Like you would just you know consume as much material as you can, treat this like it's a real job because it is, treat it professionally, put in a lot of time, and then you know, if your emotional disposition is going to be beneficial or you know, suited towards this job, you'll find out pretty quickly.
00:49:39.599 --> 00:49:41.920
What is that the Jerry Seinfeld thing about comedy?
00:49:42.159 --> 00:49:46.159
He's like, no one should anyone I would never ask somebody how to be a comedian.
00:49:46.239 --> 00:49:47.760
I would just fucking go do it.
00:49:48.159 --> 00:49:54.880
Yeah, it's like any job, but the reason that people view it differently is because, you know, to be a lawyer, to be an engineer, to be a doctor, you have to go through all this schooling.
00:49:54.960 --> 00:49:59.599
But like to be a quote unquote trader, you can just sign up at a brokerage and like deposit some money.
00:49:59.679 --> 00:50:03.599
But the degree of difficulty is definitely similar to a lot of these professions.
00:50:04.159 --> 00:50:05.360
What do you think about on-chain?
00:50:05.599 --> 00:50:07.039
Do you ever trade on-chain?
00:50:07.599 --> 00:50:10.079
I do, but like I said, it's just mostly me tailing people.
00:50:10.320 --> 00:50:13.679
Like you just gamble and punt like punch shit for fun, kind of.
00:50:14.159 --> 00:50:24.719
I mean, yeah, it's kind of gambling, but like I'll f I have a few friends who are like pretty sharp on it, have made a lot of money on-chain, so I'll just you know, ask them or they'll tell me, hey, you should buy this, and I'll just do it.
00:50:24.880 --> 00:50:27.599
But it's definitely not like a huge size of my portfolio.
00:50:27.840 --> 00:50:29.599
What do you think about the future of it?
00:50:30.639 --> 00:50:31.760
Future of on-chain?
00:50:32.000 --> 00:50:32.400
Yeah.
00:50:32.719 --> 00:50:35.760
Uh I don't know.
00:50:35.920 --> 00:50:37.440
I'm probably not a great person to ask for that.
00:50:37.519 --> 00:50:39.119
I just don't pay much attention to it.
00:50:39.360 --> 00:50:45.519
The chat wants me to wants me to ask you worse traders and encounter signals on CT.
00:50:46.239 --> 00:50:47.440
Nah, no.
00:50:48.000 --> 00:50:49.679
I'm trying not to be negative.
00:50:49.840 --> 00:50:53.360
This is gonna go down a rabbit hole of me just saying obscene shit.
00:50:53.519 --> 00:50:54.639
Nice try, guys.
00:50:54.880 --> 00:50:58.800
Um I told you I'll let you go 30 minutes.
00:50:58.960 --> 00:50:59.840
It's been 52.
00:50:59.920 --> 00:51:02.239
So I uh I will say one thing though.
00:51:02.320 --> 00:51:11.760
I think I don't as far as like on-chain trading and stuff, it is interesting to me that people don't really follow the accounts who are the sharpest.
00:51:11.920 --> 00:51:21.440
Like a lot of people on CT seem to be more interested in the entertainment side of things than actually following someone who's smart and being focused on making money.
00:51:21.599 --> 00:51:30.239
I mean, you can just look at like uh someone like Jez or even like Lolliot, like these guys who are like very sharp and have like made a lot of money.
00:51:30.559 --> 00:51:47.840
They go, they'll have like, you know, I don't know how much followers they have, like 40, 50, 60k, and then you'll look at you know, person XYZ who chat kind of wants me to make fun of right now, and they'll have like multiples of their followers, and I just like truly don't understand what people are really on Twitter for.
00:51:47.920 --> 00:51:52.400
Like, are you here for entertainment or are you here to actually like follow the sharpest people and make money?
00:51:52.960 --> 00:51:54.960
How do you identify sharps?
00:51:55.039 --> 00:51:57.519
I actually think I'm pretty good at this, but I I think you're good at it.
00:51:57.679 --> 00:52:00.000
You you are I'm I'm sure you're good at it.
00:52:00.159 --> 00:52:04.320
How do you identify like sharp traders on TT that you should follow?
00:52:04.960 --> 00:52:18.639
I mean, you definitely need to be somewhat skeptical until you have quote unquote proof or like you know, a proofing system of like you'll have sharp friends and people you can actually like trust very deeply, and they'll be like, no, this person's legit.
00:52:19.119 --> 00:52:23.360
Um, but there's no real way to know until you kind of get close to someone.
00:52:23.679 --> 00:52:35.599
But like, you know, the the language people use, the way they speak, the way they post their trades, the way they post their ideas, you can kind of I think if you have a certain degree of critical thinking yourself, you can kind of weed through it and be reasonably accurate.
00:52:37.119 --> 00:52:40.719
Do you um I guess it's sort of like a window down.
00:52:40.800 --> 00:52:44.719
Like do you have goals as a trader?
00:52:44.880 --> 00:52:48.239
Like what are you trying to accomplish from here?
00:52:48.400 --> 00:52:50.559
Like, is it a PL number that you're trying to hit?
00:52:50.719 --> 00:52:53.599
Is it like general entertainment?
00:52:53.840 --> 00:52:57.920
Like, why what are do you have trading goals from from this stage?
00:52:58.639 --> 00:53:02.000
Yeah, so it's something that changes year to year, obviously.
00:53:02.079 --> 00:53:13.440
Like at first it was just, oh, I want to make enough to like not have a job, and then it was I want to make enough to have you know a house, and then it's I want to have enough that like you know my family doesn't have to worry about anything, and you know, it keeps moving towards the right.
00:53:13.840 --> 00:53:23.920
Um, it eventually just became like I wanted to do better every year than the year before, and this is the first year of like the 2020s, like I said, that I'm failing at that goal.
00:53:24.079 --> 00:53:28.159
Like I'm not doing better in 2026 than compared to 2025.
00:53:28.960 --> 00:53:34.639
But I also just this job really was my dream job when I got into it.
00:53:34.800 --> 00:53:37.920
I actually love trading, I loved the whole experience of learning this.
00:53:38.000 --> 00:53:44.480
I love it combines a lot of like my natural interest in terms of like psychology and politics and statistics and economics and all this stuff.
00:53:44.559 --> 00:53:50.639
I was already interested in a lot of this stuff, and this kind of just seemed to combine it in a way that almost felt made for me.
00:53:50.960 --> 00:53:57.519
I also just hated corporate politics and just didn't want to get a real job, as I'm sure a lot of traders feel.
00:53:58.639 --> 00:54:04.880
So yeah, like you know, I kind of burned out temporarily, and then now the hunger is kind of back, and I just want to keep doing better and better.
00:54:04.960 --> 00:54:14.079
Because, you know, relatively speaking, I'm still very young, so it's just becomes a question of like what can you accomplish in 20, 30 years if you stick to this job, if now I've only been doing it for 10 or 12.
00:54:14.320 --> 00:54:16.400
So yeah, just like constant improvement.
00:54:17.519 --> 00:54:22.400
How do you recover from bad year, like worst year ever?
00:54:22.639 --> 00:54:42.239
Because I I mean there's a lot, you know, I I'll say it from this context as well is that I think there's a lot of relatively sharp people on CT right now that have drove themselves fucking crazy or torched a lot of money trading on-chain or trading purely memes when macro crypto like looks pretty good and things things are like trending in a good direction.
00:54:42.480 --> 00:54:46.000
I think a lot of people actually had a pretty brutal year in 2026.
00:54:46.079 --> 00:54:53.760
And so, like from that lens, and then from your personal lens, how do you come back from like you know, worst year of your life trading?
00:54:54.480 --> 00:54:56.000
Um, it's definitely not worst year of my life.
00:54:56.079 --> 00:55:04.559
Like when I say bad, when I say bad year, I mean I'm just not performing up to kind of the opportunities that the market is giving me.
00:55:04.719 --> 00:55:08.000
And so, for instance, like for the year, I'm basically up with the NASDAQ is up.
00:55:08.079 --> 00:55:12.079
So essentially I could have done nothing all in the Nasdaq and walked away for the entire year.
00:55:12.239 --> 00:55:14.559
That's a shit feeling that I didn't want to really say.
00:55:15.119 --> 00:55:20.800
Especially when there was like you know, the metals trade into the um the energy trade into the whole memory trade.
00:55:20.880 --> 00:55:25.280
Like I just mismanaged a lot of these things when there was so much opportunity to make so much money.
00:55:25.519 --> 00:55:29.119
Um, so I'm not mentally tilted or like down a ton or anything like that.
00:55:29.280 --> 00:55:39.360
I just, you know, going forward, I'm gonna try to put a little more effort, more screen time, and be more active because I'm sure part of it is just that I had my focus elsewhere.
00:55:41.519 --> 00:55:44.880
What's your l- what's the lore on PFP and Twitter handle?
00:55:45.519 --> 00:55:46.559
Uh just random.
00:55:46.800 --> 00:55:47.440
Really?
00:55:47.760 --> 00:55:48.719
Yeah, truly nothing.
00:55:48.960 --> 00:55:50.480
Is that is that AI PFE?
00:55:51.039 --> 00:55:51.360
No.
00:55:51.840 --> 00:55:54.480
It's just like some some shit you stole, got pirated?
00:55:55.119 --> 00:55:55.440
Probably.
00:55:56.159 --> 00:55:57.679
Did you buy the rights for it, man?
00:55:58.239 --> 00:55:59.920
Uh dude, I don't even know where I found.
00:56:00.159 --> 00:56:01.599
It's it's been so long.
00:56:02.079 --> 00:56:03.440
Yeah, you drew it.
00:56:05.039 --> 00:56:06.079
Um sick.
00:56:06.239 --> 00:56:11.039
Uh, dude, okay, uh, as like a sign-off, and I I really appreciate you coming on.
00:56:11.119 --> 00:56:13.440
Um I know you don't you don't do a lot of these, do you, right?
00:56:13.679 --> 00:56:15.119
Once every three years or something?
00:56:15.519 --> 00:56:17.519
This is pretty much the only one I did.
00:56:17.760 --> 00:56:22.880
Um I think me and Z did me and Z did some in a Discord like three years ago.
00:56:23.199 --> 00:56:28.159
Um and then we also like streamed some League of Legends in like 2022, but like you know, no one was around then.
00:56:28.320 --> 00:56:30.000
So why'd you want to do it?
00:56:30.239 --> 00:56:31.280
I'm just curious.
00:56:31.599 --> 00:56:32.159
I don't know.
00:56:32.239 --> 00:56:33.280
It's kind of like anything.
00:56:33.360 --> 00:56:36.400
I just like impulsively decided like, hey, I feel like yapping.
00:56:36.480 --> 00:56:39.039
I don't really put too much thought into stuff like this.
00:56:39.280 --> 00:56:41.039
What rank are you in League?
00:56:41.920 --> 00:56:45.440
Uh I don't really rank anymore, but I've been playing League for a long time.
00:56:45.519 --> 00:56:49.440
So back when I used to play, I was like Diamond 3, Diamond 2.
00:56:49.519 --> 00:56:50.559
Nothing crazy at all.
00:56:50.800 --> 00:56:53.039
I don't even know what that means, but chat wanted me to ask.
00:56:53.280 --> 00:56:54.800
Um sounds good to me, man.
00:56:54.880 --> 00:56:56.079
Uh very good chat.
00:56:56.320 --> 00:56:57.599
The high ranks scare me, you know.
00:56:57.679 --> 00:56:59.440
I I like the small ones.
00:56:59.679 --> 00:57:02.000
Um I'm happy you did it, man.
00:57:02.239 --> 00:57:03.519
I I appreciate you coming on.
00:57:03.679 --> 00:57:23.280
As like a sign-off, is there any uh I don't know, maybe you don't have to answer like this, but is there any advice you would like give yourself in your first like year or two of trading or maybe cross-referencing any advice you would give to another trader that's like first year, second year, like trying to figure out how this works?
00:57:25.440 --> 00:57:36.159
Uh trading advice, not really like I think you can kind of expedite your learning by like reading and stuff.
00:57:36.239 --> 00:57:55.440
Obviously, you can't learn to trade from books or learn to trade from like you know YouTube series and stuff, but if you're consuming a lot of material while simultaneously trading a lot and staring at the charts and just putting in the required air uh hours, you can kind of like at least accelerate your learning, or at least that's what happened to me where I would read all these like stories of these traders making all these mistakes, don't do this, don't do that.
00:57:55.679 --> 00:58:01.679
And you conceptually understand it, but until you make the mistakes, you kind of don't recognize like, oh, that's what that person was talking about.
00:58:01.840 --> 00:58:07.440
But you can recognize those mistakes a little quicker than if you were just like navigating the market yourself.
00:58:07.920 --> 00:58:10.239
Yeah, beyond that, you just gotta put the hours in.
00:58:10.639 --> 00:58:12.559
You have a book recommendation?
00:58:14.079 --> 00:58:21.039
Um Market Wizards are good, reminiscences, uh that John Murphy TA book.
00:58:21.119 --> 00:58:21.360
I don't know.
00:58:21.440 --> 00:58:23.519
I've read like Really a TA book?
00:58:24.079 --> 00:58:28.000
Yeah, just like how to fucking draw support and resistance if you don't know any of that.
00:58:28.079 --> 00:58:38.960
Like it doesn't really matter, but I've probably read over a hundred books on trading and statistics and all that type of stuff over the years and have like you know, folders and folders full of notes that I wrote.
00:58:39.119 --> 00:58:42.159
So yeah, just consume any and all material and commit to learning.
00:58:42.320 --> 00:58:43.760
Are you a poker player?
00:58:44.800 --> 00:58:48.079
Uh not anywhere near professionally or any good.
00:58:48.159 --> 00:58:51.920
I do enjoy it and I had a stint of playing, but nah not really.
00:58:52.159 --> 00:58:53.119
Are you like a gambler?
00:58:53.199 --> 00:58:56.960
Like, do you go to the casino and fucking rip like baccarat and shit?
00:58:57.280 --> 00:58:58.239
Yeah, definitely.
00:58:58.559 --> 00:58:59.119
Really?
00:58:59.679 --> 00:59:01.039
Yeah, I like going to the casino.
00:59:01.119 --> 00:59:02.559
I like online casinos and all that type of thing.
00:59:02.800 --> 00:59:09.519
Online casino, but really, yeah, I probably should have taken, you know, some sort of fucking rainbat sponsorship or some shit, but I don't know.
00:59:09.599 --> 00:59:13.679
I just can't sit up there and be like, yo, this casino is way better than this casino when they're all the same.
00:59:13.920 --> 00:59:15.679
What do you play on online casinos?
00:59:16.320 --> 00:59:17.119
Dude, everything.
00:59:17.280 --> 00:59:20.079
Slots, fucking chicken crossing, everything.
00:59:20.320 --> 00:59:21.599
Yeah, not super often.
00:59:21.840 --> 00:59:26.159
I'll just go through stints of like I'll load up a balance and like you know, gamble for fun.
00:59:26.400 --> 00:59:27.920
What about sports betting?
00:59:29.119 --> 00:59:32.960
Uh I try not to, because the only sports I really watch are like MMA and boxing.
00:59:33.199 --> 00:59:34.960
You're a huge UFC guy, aren't you?
00:59:35.199 --> 00:59:36.480
Yeah, I love UFC.
00:59:36.719 --> 00:59:44.559
Um, I try not to gamble too much unless the odds are super mispriced because I just want, you know, some hobbies in my life that are not related to gambling.
00:59:44.880 --> 00:59:47.199
What about uh Pokemon gotcha?
00:59:48.480 --> 00:59:55.599
Um I've been in TCG for a decent while, but I kind of have like this weird aversion to owning things, so I never really invested.
00:59:55.679 --> 01:00:00.000
I just like ripping packs and essentially gambling with really terrible EV.
01:00:00.320 --> 01:00:02.559
So no physical art or anything?
01:00:02.800 --> 01:00:03.519
No, no.
01:00:03.840 --> 01:00:04.480
Really?
01:00:04.960 --> 01:00:05.199
Really?
01:00:07.519 --> 01:00:10.159
Except on like I don't know, flights and hotels and stuff.
01:00:10.400 --> 01:00:16.480
Wait, can you give me one, like, give me one uh like when you first made some like real bread, like dumb purchase that you made?
01:00:16.639 --> 01:00:18.719
Like first expensive thing you bought?
01:00:19.199 --> 01:00:20.639
Uh I mean mine's kind of boring.
01:00:20.719 --> 01:00:23.199
It was just like housing and land and stuff.
01:00:23.519 --> 01:00:24.559
I okay.
01:00:24.880 --> 01:00:26.639
You can't really ask much further on land.
01:00:26.719 --> 01:00:27.519
Um costs.
01:00:27.679 --> 01:00:34.480
Yeah, I mean, I don't really I don't really blow money except like I'll take a vacation that costs an obscene amount of money and not really care.
01:00:34.719 --> 01:00:36.079
An occasional jet?
01:00:37.280 --> 01:00:39.199
Uh sure.
01:00:40.000 --> 01:00:41.039
Okay, movie.
01:00:41.440 --> 01:00:43.119
Um awesome, dude.
01:00:43.199 --> 01:00:44.559
Rhino, you're a movie, man.
01:00:44.639 --> 01:00:46.559
I appreciate you coming on, dropping some lore.
01:00:46.800 --> 01:00:48.320
It it is an absolute pleasure.
01:00:48.480 --> 01:00:57.599
Um, I'm hoping that uh that Bitcoin most recent tweet turns into uh to your your tits long and we can all win together forever, man.
01:00:57.679 --> 01:00:58.719
Thanks again for coming on.
01:00:58.960 --> 01:00:59.519
All right, man.
01:00:59.599 --> 01:00:59.920
Appreciate it.
01:01:00.800 --> 01:01:01.280
Have a good one.
01:01:01.360 --> 01:01:01.760
Peace.
01:01:01.920 --> 01:01:02.400
Peace.
01:01:03.920 --> 01:01:06.079
Dude, on the casinos?
01:01:06.239 --> 01:01:08.880
I was not I was not expecting that.
01:01:09.039 --> 01:01:10.000
I was not expecting that.
01:01:10.079 --> 01:01:11.039
Shout out to Romano, man.