Pełna transkrypcja odcinka Surveillor - Trading Small Markets, Zero Leverage, and Calling the Altcoin Bottoms

the lowest liquidity market that can accommodate your size, because I think that's where uh like the median participant is least skilled. 00:02:04.319 --> 00:02:05.920 I mean, this is pretty obvious. 00:02:06.079 --> 00:02:22.319 Like, if you if you look at meme coins, like I started with meme coins, and I would recommend like anyone who uh you know wants to get into trading with like lower amounts of size to start off with uh meme coins because it's like the easiest. 00:02:23.199 --> 00:02:49.759 And then you move to like like altcoins and whatever, but you know, when you think about markets, obviously all the big sharks are in the bigger markets, so that's why you know I personally even now I avoid uh for in most cases like majors, just focus on altcoins until I get to a size where you know I have to, I'm pretty I'll I'll be forced to trade majors a lot. 00:02:50.560 --> 00:02:52.639 But yeah, that's my that's my general view. 00:02:52.960 --> 00:02:56.639 And by majors, you mean Bitcoin ETHS soul, or do you mean like stocks? 00:02:57.520 --> 00:02:59.759 Um, like Bitcoin mostly. 00:03:00.479 --> 00:03:00.960 Got it. 00:03:01.120 --> 00:03:09.039 So you you think the graduate meme coins, maybe some bigger on-chain stuff, and then alts is what you mostly trade right now, right? 00:03:09.199 --> 00:03:12.479 And then you would graduate to Bitcoin before stocks. 00:03:14.800 --> 00:03:21.360 Well, it's just because like I don't think it uh crypto trading converts completely to uh stocks. 00:03:21.599 --> 00:03:22.159 Why not? 00:03:23.120 --> 00:03:24.000 I don't know. 00:03:24.159 --> 00:03:28.560 I just feel like there are more like sharks and stocks, just a bigger game. 00:03:28.800 --> 00:03:31.599 Do you worry that, like so? 00:03:31.680 --> 00:03:34.560 I guess the only way the this thesis works, by the way, that was a sick take. 00:03:34.639 --> 00:03:34.960 I like that. 00:03:35.039 --> 00:03:38.080 The big the smallest market that can come at your size, that was a sick take. 00:03:38.400 --> 00:03:49.199 Do you worry though that like okay, quite in order to take that view, you have to have this sort of fundamental belief that crypto is gonna continue to get bigger and grow and not have smaller cycles. 00:03:49.360 --> 00:03:55.439 I mean, I guess you could believe it has smaller cycles, but then you're sort of picking at scraps relatively. 00:03:55.520 --> 00:04:03.520 Like, are you a fundamental crypto and these alts are gonna get substantially bigger from here, or do you realize you're playing a game that is like maybe dying? 00:04:03.840 --> 00:04:04.560 Yeah, for sure. 00:04:04.639 --> 00:04:13.120 I think it's you know, um, there's like two things that make me really bullets on certain bullish on certain alts. 00:04:13.520 --> 00:04:23.279 One is just obviously there's a lot of regulatory progress, and that will continue at least until the end of the Trump term, and then we'll see after that. 00:04:23.519 --> 00:04:32.480 Um, but the

other thing is just the misallocation of capital and crypto and all these flows out of the majors, right? 00:04:33.040 --> 00:04:40.319 Like it's it's pretty obvious where like the Z cash flows to some extent, the hyperliquid flows are coming from. 00:04:40.399 --> 00:04:42.639 It's like Bitcoin, ETH, Solana. 00:04:43.360 --> 00:04:45.360 So yeah, you have two things. 00:04:45.439 --> 00:05:01.360 Like, I think things are very fundamentally bullish with perps, like buyback tokens, tokenization, stuff like that, and then you have like a uh you know intra-crypto rotation. 00:05:03.120 --> 00:05:04.959 So that's why I'm focusing on these alts. 00:05:05.040 --> 00:05:13.920 I think, like, you know, I'm I'm just really focusing on the good alts right now because I think they can still be priced like 5x or whatever from here. 00:05:14.160 --> 00:05:26.720 Before I ask you about a couple individual coins, do you worry about like when when these headlines come out that like AI is cracked the internet, broke PHP, and every website is at risk and there's gonna be hacking stuff forever? 00:05:26.800 --> 00:05:29.759 Like, do you get worked up and panic about this stuff? 00:05:30.079 --> 00:05:30.879 Not really. 00:05:31.040 --> 00:05:32.639 No, I just don't really care. 00:05:33.040 --> 00:05:35.920 Do you just like assume it's not not that big of a deal every time? 00:05:36.079 --> 00:05:36.480 Yeah. 00:05:36.639 --> 00:05:40.079 What about Justin Drake cracking uh Bitcoin encryption? 00:05:40.160 --> 00:05:40.959 Is that worried you or no? 00:05:41.040 --> 00:05:42.240 What do you what do you like when you do that? 00:05:42.560 --> 00:05:47.439 I I just like I when I hear that, I just want to like buy the dip, but like when it dips. 00:05:48.560 --> 00:05:52.959 Do you spend any time trying to figure out like maybe it's real this time or just like completely ignore it? 00:05:53.199 --> 00:05:54.800 I just completely ignore it. 00:05:54.959 --> 00:05:55.279 Wow. 00:05:55.360 --> 00:05:57.120 Should I just start doing this more? 00:05:58.720 --> 00:06:05.360 I mean, no, I feel like it's it's good content for your stream, but yeah, I guess I don't know. 00:06:05.439 --> 00:06:07.759 Buying the FUD has always worked. 00:06:08.720 --> 00:06:09.680 It does work. 00:06:09.839 --> 00:06:10.959 Um, I'll tell you this. 00:06:11.040 --> 00:06:11.759 We can start here. 00:06:11.839 --> 00:06:19.839 I fucking dude, I sold carts because Justin Drake wrote an article about AI Claude cracking Satoshi coins. 00:06:19.920 --> 00:06:22.000 I sold carts at the bottom. 00:06:22.160 --> 00:06:24.399 I didn't lose any money, but I fucking sold it. 00:06:24.480 --> 00:06:28.240 I are you how convicted are you in in that trade right now? 00:06:28.319 --> 00:06:32.879 And what do you think about the I don't know on trade's a disaster? 00:06:32.959 --> 00:06:36.639 I feel like that's the only coin that is like in a good spot. 00:06:36.879 --> 00:06:37.600 Yeah, for sure. 00:06:37.839 --> 00:06:40.319 That's probably my highest conviction trade. 00:06:40.399 --> 00:06:48.079 It's not my uh biggest allocation because there's not enough liquidity to for me to add more. 00:06:48.160 --> 00:06:50.000 But uh what percentage you're port? 00:06:51.040 --> 00:06:57.199 It's probably like uh I think let me I have to check, but I think it's like 20, 25 percent. 00:06:57.360 --> 00:06:59.120 Uh that's pretty fucking significant. 00:06:59.199 --> 00:06:59.759 Jesus. 00:07:00.000 --> 00:07:00.639 Right. 00:07:01.519 --> 00:07:02.480 Jesus. 00:07:03.439 --> 00:07:06.160 Yeah, it's not a small number at all. 00:07:06.560 --> 00:07:16.000 I would put a lot more in, but right now it's like I have I have like a huge amount of the liquidity pool, so I don't think it's like wise. 00:07:16.319 --> 00:07:28.079 But um, so like when I was heavy and lighter and pump at their respective bottoms, I sized those like 50 to 70 percent of port. 00:07:30.560 --> 00:07:31.120 Whoa. 00:07:31.439 --> 00:07:32.639 How much of it do you still have? 00:07:32.720 --> 00:07:36.160 I you were sending me voice notes at pump bottom, and I I didn't really get it. 00:07:36.319 --> 00:07:37.199 I'm not gonna lie. 00:07:38.000 --> 00:07:40.959 Which and I had banned a huge pump bowl previously. 00:07:41.040 --> 00:07:43.439 You were sending me voice notes, you're like buy pump, buy pump, buy pump. 00:07:43.600 --> 00:07:45.680 I didn't really get it a couple weeks ago. 00:07:46.560 --> 00:07:47.120 Right. 00:07:48.160 --> 00:07:56.879 Yeah, I mean I I kind of you know, I t I tend to sell these things slightly early, so I kind of exited those mostly well. 00:07:57.279 --> 00:07:58.000 Did I get a leverage? 00:07:59.439 --> 00:08:01.680 No, I I never I never use leverage. 00:08:01.839 --> 00:08:02.560 How come? 00:08:03.360 --> 00:08:09.279 I just don't feel like you need leverage with altcoins, it can easily move like 10% plus a day, right? 00:08:10.480 --> 00:08:11.600 Yeah, fair. 00:08:12.160 --> 00:08:17.040 And I have like a strict like max drawdown just to like prevent any crazy drawdowns. 00:08:17.519 --> 00:08:21.600 So it's like 20 to 25. 00:08:22.079 --> 00:08:22.720 Full book. 00:08:23.360 --> 00:08:32.399 Yeah, if that if I draw down, I don't remember the last time I hit that, but probably like sometime last year I just you know zero everything in my port. 00:08:32.639 --> 00:08:35.440 And what are you supposed to do after you hit the max drawdown, like the breaker? 00:08:35.600 --> 00:08:36.799 You just like log off for a little bit. 00:08:36.879 --> 00:08:37.440 What do you do? 00:08:37.679 --> 00:08:43.440 Yeah, I just I would probably just log off for a month and just work on trading tooling. 00:08:44.720 --> 00:08:45.679 Trading tooling. 00:08:45.759 --> 00:08:47.440 What do you use for trading tooling? 00:08:48.240 --> 00:08:48.799 A lot. 00:08:48.879 --> 00:08:53.840 There's a lot you can do with these agentic things that are really useful.

00:08:54.559 --> 00:08:57.120 Um, yeah, I have monitors on everything. 00:08:57.279 --> 00:08:59.519 I have my custom hyperdash. 00:08:59.600 --> 00:09:01.679 Like it's like I can use hyperdash? 00:09:02.080 --> 00:09:07.679 No, I have my custom, my own, my own hyperdash that has some more data. 00:09:08.080 --> 00:09:09.679 I call it surveillor dash. 00:09:10.000 --> 00:09:10.559 Do you sell it? 00:09:10.879 --> 00:09:12.960 And then I have uh huh, what do you say? 00:09:13.120 --> 00:09:14.080 Do you sell it? 00:09:14.960 --> 00:09:17.120 I'll give you a private trial. 00:09:17.679 --> 00:09:43.919 I'll give you a private trial, but uh I also have my own like catalyst dashboard um portfolio tracking system, and then I have um a lot of on-chain and uh on-chain and perps monitors for you know major news on my coins, and also uh some trackers for on-chain activity. 00:09:45.200 --> 00:09:53.039 What are you um like most of your trading is on alt crypto? 00:09:53.120 --> 00:09:59.759 And so there is like data for sure, but how much of your entry and exit is it just feels right now? 00:09:59.919 --> 00:10:05.200 Because I feel like you flip fast and you're DMing me like yo yo, I'm in lighter now, and I'm like, fuck, which is how like what? 00:10:05.360 --> 00:10:12.159 Yeah, how much of it is just like tingle versus you have some catalyst entry to to get in these positions? 00:10:12.399 --> 00:10:28.240 Yeah, it's like 50% tingle, and the rest is like just tech technicals help a lot with precise entries and exits, and then no, typically there's also the best thing is like when news and news and sentiment align with uh technicals. 00:10:28.399 --> 00:10:30.720 So like lighter was a good example of that. 00:10:31.200 --> 00:10:45.840 When lighter dumped to I think it dumped to like 2.8 2.8, that was caused by um basically uh you know when lighter announced perps and no no when Robin Hood announced perps and they had their own. 00:10:46.240 --> 00:10:46.720 That was crazy. 00:10:46.799 --> 00:10:48.240 Were you holding it during that? 00:10:48.480 --> 00:10:49.519 No, I wasn't. 00:10:49.679 --> 00:10:59.519 I bought the bottom, but basically, uh yeah, I started buying like at 3.1, but I scaled in super heavily between 2.8 to 2.9. 00:11:00.159 --> 00:11:09.919 Uh around like when it was at 2.9, basically the Robin Hood crypto seal, uh not Robinhood crypto head, yeah. 00:11:10.159 --> 00:11:17.120 He had an interview and he was like, Yeah, we're actually still planning to offer lighter to our US customers. 00:11:17.200 --> 00:11:19.360 So I was like, this is pretty obvious. 00:11:19.759 --> 00:11:24.159 This is pretty obvious, it's pretty obvious that the public doesn't really isn't really aware about this. 00:11:24.639 --> 00:11:30.639 Like that Robin Hood was still gonna integrate them into you know their US app. 00:11:31.200 --> 00:11:40.159 So that was like you know, the fundamental misunderstanding that kind of made me long uh the bottom, but also just like technicals. 00:11:40.720 --> 00:11:48.639 Do you think there's like on a trade like that, a lot of informational arbitrage on alt crypto? 00:11:48.720 --> 00:11:52.480 Because I feel like a info comes out and stuff just like doesn't move very fast. 00:11:52.799 --> 00:11:55.279 There is time, and I almost think I'm wrong a lot of time. 00:11:55.440 --> 00:11:58.559 Like, fuck, like why how why how is this not moving? 00:11:58.639 --> 00:12:01.440 And then it pulls the 20% either direction like the next day. 00:12:01.519 --> 00:12:05.600 Like, do you think this is a a a type of trade that you make a lot of money? 00:12:05.679 --> 00:12:09.360 Like the news is out, it's obvious, but no one is really aware that it's happening. 00:12:09.679 --> 00:12:10.480 Yeah, for sure. 00:12:10.639 --> 00:12:13.600 Things take quite a long time to why do you think that is? 00:12:14.879 --> 00:12:15.679 I have no idea. 00:12:15.919 --> 00:12:17.679 There's nothing like people trading it. 00:12:18.159 --> 00:12:27.200 I have no yeah, I think that's definitely part of it, which is why you know I think this is why I mostly focus on crypto because I'm pretty sure I'm right. 00:12:27.360 --> 00:12:36.399 Like, if versus like the oil market or whatever, you're literally trading against the biggest sharks in the world with like the most advanced systems, right? 00:12:38.159 --> 00:12:38.960 Is that your goal? 00:12:39.039 --> 00:12:40.960 Like, do you want to run a fund at some point? 00:12:41.759 --> 00:12:42.720 No, I don't think so. 00:12:42.799 --> 00:12:44.799 I want to probably start a company. 00:12:45.039 --> 00:12:46.480 Oh, not trading. 00:12:46.960 --> 00:12:47.279 No. 00:12:47.840 --> 00:12:49.200 So this is like a means to an end. 00:12:49.279 --> 00:12:50.559 Like, you want to be done with this? 00:12:50.879 --> 00:12:59.360 No, it's like really fun for me, and I think I'll do it forever, but um on the side, but higher and higher time frame. 00:12:59.759 --> 00:13:01.360 Why do you think you're good? 00:13:02.559 --> 00:13:03.360 I'm not sure. 00:13:03.440 --> 00:13:15.519 I think like I don't know, I've always been pretty objective and cold about things, so it's not it's not hard for me to like cut something off or whatever. 00:13:15.759 --> 00:13:17.600 Um, and also it's not hard for me. 00:13:17.759 --> 00:13:21.759 Like, I think being contrarian is most of the time pretty retarded. 00:13:22.320 --> 00:13:34.159 Um because you you uh your training style is like you know, really early consensus, and that is what objectively, you know, that's that catches the need of the move. 00:13:34.480 --> 00:13:50.240 So I think most of the time being contrarian is pretty stupid, but you know, I just you know don't am not affected by you know the emotions that a lot of the other market participants are going through. 00:13:50.559 --> 00:13:51.600 Are you by the way? 00:13:51.679 --> 00:13:53.120 I agree with your contrarian take. 00:13:53.200 -->

00:13:55.600 I hate they're also the most insufferable. 00:13:55.679 --> 00:14:06.720 I I get that it's probably the highest high to be contrarian and right, but it's it's very dangerous to try to be a contrarian because it's like mostly an ego thing, like calling the bottom or calling the top. 00:14:08.000 --> 00:14:10.399 Because the field is right most of the time. 00:14:11.039 --> 00:14:11.360 For sure. 00:14:11.600 --> 00:14:14.159 Your odds are not in your favor to be contrarian ever. 00:14:14.799 --> 00:14:15.120 Right. 00:14:15.279 --> 00:14:17.120 But you do get paid more if you're right. 00:14:19.840 --> 00:14:21.840 You definitely fucking get paid more if you're right. 00:14:22.000 --> 00:14:23.840 Um so what do you like right now? 00:14:23.919 --> 00:14:24.960 What do you hold other than cards? 00:14:25.120 --> 00:14:25.759 What do you hold right now? 00:14:26.240 --> 00:14:27.600 You hit pomp really hard. 00:14:27.840 --> 00:14:28.720 Are you still in it? 00:14:30.240 --> 00:14:31.600 Yeah, yeah, definitely. 00:14:31.840 --> 00:14:44.480 I'm I'm still in like all my positions with full size, but I did have to add some hedges just because the market was a bit sus, but so when you're adding a hedge, like what does that look like? 00:14:45.039 --> 00:14:50.000 Like what percent size, and like how do you size it and what are you buying? 00:14:51.519 --> 00:15:10.960 Yeah, typically selling, so like for altcoin shorts, it's it's typically whenever a narrative runs out of steam, like the biggest outperformers tend to be the biggest losers after when the narrative or fundamentals can't keep gaining traction. 00:15:11.200 --> 00:15:15.840 So, like those are the coins I look for for hedging. 00:15:16.639 --> 00:15:21.279 Um, yeah, and then what I like fundamentally, cards, yeah. 00:15:21.360 --> 00:15:24.799 I've been talking about this coin since like the bottom. 00:15:25.039 --> 00:15:31.360 I first bought it at like 0.035, so exactly like 10x slower from here. 00:15:31.600 --> 00:15:32.159 Jesus. 00:15:32.399 --> 00:15:37.919 Um, so yeah, I've been sitting in this coin for uh I think like six months or something. 00:15:38.639 --> 00:15:40.960 Even in the six months, yeah, yeah, yeah. 00:15:41.279 --> 00:15:42.799 Are you struggling while you're in this? 00:15:42.879 --> 00:15:45.840 Because I've been clowning this coin for months, dude. 00:15:46.159 --> 00:15:47.600 Yeah, for sure, of course. 00:15:47.679 --> 00:15:58.879 It's like it trades like complete dog shit, but I mean it's pretty I I feel like it's pretty typical for these low liquidity on-chain coins, they all have really fucked up price action. 00:15:59.200 --> 00:16:04.960 Um, and also I I just don't think cards even now has entered its true impulsive trend. 00:16:05.120 --> 00:16:24.480 And that makes a lot of sense because all the whales and funds I've talked to, like this is not something they can actually allocate size to yet because there's no spot on uh sexes, there isn't

a perk um on a big exchange, and liquidity is just too low, right? 00:16:24.639 --> 00:16:26.159 You can't get any size in. 00:16:26.960 --> 00:16:30.159 Yeah, but you know, this will be fixed when it's higher. 00:16:30.240 --> 00:16:35.120 So, you know, I'm gonna enjoy selling my card to those people at like two dollars. 00:16:36.159 --> 00:16:40.320 So, like, okay, you're sitting in this card for six months, it's doing nothing. 00:16:40.480 --> 00:16:47.519 You have a lot of size in it relative to your position, and it's just getting clowned, it's not getting adopted, like there's no one that gives a fuck about cards. 00:16:47.840 --> 00:16:49.919 Are you are you man? 00:16:50.320 --> 00:16:52.000 Are you um emotional? 00:16:52.240 --> 00:16:54.559 Are you like volatile? 00:16:54.720 --> 00:16:56.159 Are you flipping conviction? 00:16:56.240 --> 00:16:57.840 Like, how are you not tweaking about it? 00:16:57.919 --> 00:16:59.840 They're saying dumbass shit about the token. 00:17:00.080 --> 00:17:02.159 Founder doesn't care about the coin, they're laughing at it. 00:17:02.240 --> 00:17:05.440 Like, a lot had to go right from six months ago to get to where we are now. 00:17:05.599 --> 00:17:07.359 Are you not tweaking about that? 00:17:07.440 --> 00:17:09.599 Because I'm I would be tweaking, Jack. 00:17:10.079 --> 00:17:13.440 No, I have been tweaking about it on a daily basis. 00:17:13.519 --> 00:17:14.240 Like, why dude? 00:17:14.319 --> 00:17:19.119 You sent me some fucking by the way, you sent me some like borderline schizophrenic bull bullposts about cars. 00:17:19.279 --> 00:17:20.640 I'm like all the block. 00:17:21.039 --> 00:17:29.920 Of course, like borders like borderline, 30 on a day in some news, and then dumps 25 the next day with no reason. 00:17:30.079 --> 00:17:34.480 Like, of course, that's a bit frustrating, but no, it's fine. 00:17:34.559 --> 00:17:52.160 And also, I I didn't just like hold from the bottom, I did trade in and out for a long time, and actually only only in the past couple months, since no the last retest of I think uh 0.1, 0.12. 00:17:52.400 --> 00:17:56.240 That's where I bought basically most of my current tokens. 00:17:56.480 --> 00:17:59.359 And yeah, I just sent all the tokens to a ledger. 00:17:59.680 --> 00:18:02.640 I'm not gonna that's gonna be locked for a long time. 00:18:02.799 --> 00:18:08.960 I think either until next year or it hits at least like like$1.5. 00:18:10.240 --> 00:18:14.000 That's roughly where I'm looking to de-risk a bit. 00:18:14.160 --> 00:18:28.079 And I'm so bullish because if you think about it, first of all, you know, I talked about it not having the liquidity for whales and fund allocators, that will change as it goes higher. 00:18:28.640 --> 00:18:33.440 And then for systematic buybacks, the SCC said, you know, tokens can buyback. 00:18:33.599 --> 00:18:40.880 So I know the team is working through it, um, and I trust them to deliver because they're fully incentivized to make

it happen. 00:18:41.200 --> 00:18:43.599 Your tokens are unlocking, right? 00:18:44.160 --> 00:18:53.680 And if you think about it from uh you know game theory perspective, you know, some people might say, Yeah, what if they want to you know prioritize the equity side? 00:18:53.839 --> 00:19:05.920 Well, publicly, um, they have stated many times that uh the collector crypt employees, their basically equity grant is is completely token. 00:19:06.000 --> 00:19:13.039 There is no equity part, just some like Delaware thing to like pay the company's you know maintenance things. 00:19:13.440 --> 00:19:21.279 Um but also they can just even if if they want to, they can just um do like a one-year buyback commitment. 00:19:21.359 --> 00:19:26.240 That's what Pump Fund did, and you don't even have to commit like a forever buyback. 00:19:26.720 --> 00:19:28.559 Forever's stupid, by the way. 00:19:28.799 --> 00:19:30.000 Right, yeah, I agree. 00:19:30.160 --> 00:19:46.160 I mean, buybacks, especially for a um a coin like an a company like Collector Crypt, the reason like crypto protocols can buy back 100% is basically like once you push out the first product, that's pretty much like 90% of the work, I feel like. 00:19:46.400 --> 00:19:50.480 And the rest is just like maintenance and updates, smaller updates. 00:19:50.559 --> 00:20:00.640 But when you're running a real-world business, there are a lot of like actual expenses and investments you should continue to make from you know the cash you generate. 00:20:00.880 --> 00:20:06.240 Yeah, 100% is stupid, but yeah, crypto uniquely to stocks. 00:20:06.319 --> 00:20:14.960 I I understand buyback as a feel like a show of token alignment, some percentage of it I agree with. 00:20:15.200 --> 00:20:18.400 50 is maybe a little aggressive, but better than 100. 00:20:18.559 --> 00:20:19.359 Um, right. 00:20:19.599 --> 00:20:21.359 Maybe it's somewhere in the 25 to 50 percent range. 00:20:21.440 --> 00:20:22.559 I think it's like is pretty good. 00:20:22.640 --> 00:20:25.920 It's just like what you have to sacrifice for having crypto protocol. 00:20:26.400 --> 00:20:27.200 Yeah, for sure. 00:20:27.359 --> 00:20:47.839 So I'm looking for that to happen, and then you know, pump fun and coinbase, gosh, that's really big because when you think about their no back-end providers, the only other one that's high mind share and relevant, like this, is like basically hyperliquid, Kraken, and all these other centralized exchanges, you know, using hyperliquid. 00:20:48.160 --> 00:20:53.599 So like cards is literally, you know, their fee chart looks disgusting. 00:20:54.160 --> 00:20:56.240 Yeah, it is for sure. 00:20:57.440 --> 00:21:00.319 Can you um tell me about this? 00:21:00.480 --> 00:21:05.440 I'm into your whole like I only trade spot. 00:21:05.599 --> 00:21:07.039 Like, what do you think I should start doing this? 00:21:07.119 --> 00:21:07.759 Should I get off leverage? 00:21:07.839 --> 00:21:09.519 I don't even have like a

leverage strategy, bro. 00:21:09.599 --> 00:21:12.240 I just kind of slide that thing and I just like play. 00:21:12.559 --> 00:21:30.319 Well, I have to, I I trade um a lot of coins, but like most of my pump and lighter position right now is in my perps account because this happened actually on the pump um unlock day at 0.0014. 00:21:31.440 --> 00:21:42.559 My spot bids on you know this on the swap market for pump, they didn't get fully filled, uh, like, and it never revisited that price just because there's lower liquidity on spot and perps. 00:21:42.799 --> 00:21:57.119 So, you know, now I I have to like uh I just never you know run net leverage, but I still use perps because that's how I get filled and how it can exit normally. 00:21:57.359 --> 00:21:59.839 What about um how much cash do you have on hand at all times? 00:22:00.000 --> 00:22:03.839 Like you're okay, you're really convicted cars, really convicted pump, really convicted lighter, how much cash do you keep? 00:22:03.920 --> 00:22:05.359 Or you go all you go with full port? 00:22:06.640 --> 00:22:11.039 Yeah, like full port, 1x long, but I do have I do have hedges. 00:22:11.279 --> 00:22:11.920 Yeah. 00:22:12.960 --> 00:22:14.480 I like the style, bro. 00:22:15.119 --> 00:22:16.240 I'm into it. 00:22:16.799 --> 00:22:21.039 Do you hold Zach or Monero or any of the private money stuff? 00:22:21.359 --> 00:22:29.519 No, I I think like, you know, the monetary argument for a lot of coins, especially like Pearl, I shorted some Pearl recently. 00:22:29.759 --> 00:22:30.799 All right, we'll see about that. 00:22:30.880 --> 00:22:32.720 It's like a low conviction short. 00:22:33.039 --> 00:22:37.119 But I just think it's not easy to become money. 00:22:37.599 --> 00:22:41.119 It's just, I don't have too many thoughts about those coins. 00:22:41.279 --> 00:22:49.759 But I think like Zcash has a good case, but just because and Monero, just because they've been around so long, supply has really distributed. 00:22:50.000 --> 00:22:54.799 But something like Pearl, you can't just like make a coin and call it AI money, you know. 00:22:56.319 --> 00:22:57.519 That's not how it works. 00:22:57.920 --> 00:22:58.559 Valid. 00:22:59.039 --> 00:23:03.759 Um chat wants to know your daily routine. 00:23:06.240 --> 00:23:07.519 Daily routine, yeah. 00:23:07.599 --> 00:23:08.319 That's interesting. 00:23:08.480 --> 00:23:15.839 Because I take like most of my trades play out in a couple weeks typically. 00:23:15.920 --> 00:23:26.559 So like I'm not I don't need to be super active daily unless things are very volatile that I have to look for hedges or uh entries or exits. 00:23:27.440 --> 00:23:33.519 Um yeah, I just there's not much that goes on. 00:23:36.000 --> 00:23:37.119 It's pretty simple. 00:23:37.359 --> 00:23:40.720 I have my I have my monitors, my my grockbot. 00:23:41.039 --> 00:23:41.759 Use grockbot. 00:23:42.160 --> 00:23:42.880 Surveillor dash. 00:23:42.960 --> 00:23:45.119 Yeah, grockbot. 00:23:45.599 --> 00:23:46.799 I will, I will. 00:23:47.039 --> 00:23:54.319 And then yeah, grockbot's very helpful, just pings me whenever there's uh relevant news about any of my coins. 00:23:54.880 --> 00:23:56.640 Yeah, that's pretty much it. 00:23:57.279 --> 00:24:00.160 Um, do you have any final show for us? 00:24:00.400 --> 00:24:05.519 On uh you like you like lighter, pump, you're obsessed with cards. 00:24:05.680 --> 00:24:07.759 Is there like a fourth that you're working on? 00:24:08.079 --> 00:24:11.119 I'll explain why I'm bullish on like pump and lighter right now. 00:24:11.279 --> 00:24:12.079 Okay, give it give us that. 00:24:12.160 --> 00:24:14.160 Yeah, I think um for pump fun. 00:24:15.759 --> 00:24:18.720 First of all, their their pump app has really picked up. 00:24:18.799 --> 00:24:25.440 I think it's like nearing 300k a day in fees, which is like basically on par with FOMO app. 00:24:25.839 --> 00:24:34.000 That's really bullish because like I think uh the narrative, this revenue is worth a lot more than their launch pad revenue. 00:24:34.160 --> 00:24:47.359 Like different revenue streams aren't worth these the same amount, just because like the on-chain social trading platform narrative is like one of the best novel narratives of the cycle. 00:24:48.160 --> 00:25:10.799 And I like how they've started integrating with partners for like hyperlike for perps and collector prep for this gasha stuff because you know, I think this is like a change in their approach instead of like trying to do a lot of random shit like the creator content coins, they've started becoming like pretty practical, which I like a lot. 00:25:11.119 --> 00:25:37.440 And they're also you can tell they're spending, you know, investing more on their um engineering team because the website and app have improved substantially, including their own like native bridge, shipping limit orders, and a lot of things before FOMO, and also just like they have started to like invest also in marketing by signing traders, kimchi. 00:25:37.599 --> 00:25:39.039 I think this is all really bullish. 00:25:39.200 --> 00:25:58.400 Like when you think about it from a game theory perspective, um, the founders already have like 1.5 billion or whatever in cash, they're not exactly you know desperate for liquidity from you know their the team token unlocks. 00:25:58.640 --> 00:26:01.599 If I were them, I mean, I'm sure this is what they're doing. 00:26:01.920 --> 00:26:18.240 They're just gonna invest some money, let's say, low nine figures into like the app and partnerships, really, really pump this shit to like unimaginable heights before you know they take anything off the table. 00:26:18.400 --> 00:26:19.200 This is pretty obvious. 00:26:19.359 --> 00:26:21.359 This is a pretty unique situation, right? 00:26:21.759 --> 00:26:27.440 Because the founders have really like already made so much, they're definitely going for you know the big swing now. 00:26:27.680 --> 00:26:35.039 So

that's my perspective on pump, and also I like pump because there is no ceiling. 00:26:35.119 --> 00:26:36.640 Like, um, I agree with this. 00:26:36.720 --> 00:26:37.200 There's no ceiling. 00:26:37.359 --> 00:26:50.559 It won't be it's like an interest, it's an interesting place because there will always be a justification for whatever valuation it goes to because it already has no insane revenue, right? 00:26:50.960 --> 00:26:57.200 So that's good, and then for lighter that was a good pump thesis, by the way. 00:26:57.440 --> 00:27:02.799 Yeah, it's every price makes sense and incentives and reflexivity. 00:27:03.279 --> 00:27:05.599 Every price is is justifiable. 00:27:07.200 --> 00:27:23.279 Yeah, and then for lighter, my whole case is just you know, it's gonna get into Robin Hood US or yeah, pretty much, and then hyperliquid is going through you know, all these other integration partners like Kraken that have the legal stack to serve perps. 00:27:23.759 --> 00:27:29.279 So I think when lighter's uh legal stack, I think they're applying for DCM, DCO. 00:27:30.240 --> 00:27:37.599 Um and that will uh and then maybe some separate US perps licenses, maybe equity perps. 00:27:38.000 --> 00:27:45.599 Um, that's like a really good narrative when they're the only the first perp decks to get you know fully regulated in the US. 00:27:45.839 --> 00:27:48.240 So I'm looking for that to happen. 00:27:48.640 --> 00:27:49.920 Yeah, pretty much. 00:27:50.079 --> 00:27:52.160 Those are my theses. 00:27:54.079 --> 00:27:57.839 How much lower is your entry on lighter and pump than where we are we're at right now? 00:27:58.400 --> 00:28:02.480 Well, you know my pump entry, it's literally like bottom tick. 00:28:02.640 --> 00:28:12.000 Uh it was actually funny enough, it was like I think I lawned a bit because uh I saw the TJR liquidation on FOMO. 00:28:12.160 --> 00:28:17.680 I think he got liquidated at yeah, the same price it got filled at was like 0.0039. 00:28:18.400 --> 00:28:20.960 So that was also like a super technical level. 00:28:21.119 --> 00:28:27.519 So a lot of the time my you know entries and exits are uh helped by technicals. 00:28:27.920 --> 00:28:30.079 Why would you trade it in a doc's wallet? 00:28:31.680 --> 00:28:40.000 Um, I'm already like annoyed enough by you know my IRL friends asking me about my positions every day. 00:28:40.319 --> 00:28:51.920 Like it's it's hard enough already, like when you're like, for example, since I I um you know sent you uh a PL screenshot that has gone down like I don't know, like 600k or something. 00:28:52.240 --> 00:28:52.799 Has it? 00:28:52.960 --> 00:28:53.279 Yeah, yeah. 00:28:53.599 --> 00:28:55.039 Oh, that was realized. 00:28:55.279 --> 00:28:55.839 No, no, no. 00:28:56.240 --> 00:28:57.519 Wait, what's it down on? 00:28:58.000 --> 00:29:02.160 It just like pumps down a little bit and lighters down a little bit. 00:29:02.240 --> 00:29:04.559 And oh, you have a lot of size then. 00:29:04.640 --> 00:29:08.079 If it's one extra long, Jesus. 00:29:08.880 --> 00:29:13.839 It's gone, it's gone down a little bit, and then uh yeah. 00:29:13.920 --> 00:29:28.400 I mean, it's so like I feel like if I have a docs wallet and I have people on Twitter just like tagging me, uh, it's gonna be even harder to you know regulate my emotions, which is like the most important thing for my trading. 00:29:28.640 --> 00:29:29.200 Fair. 00:29:29.440 --> 00:29:30.400 You meditate? 00:29:31.599 --> 00:29:38.799 No, you sound like you sound you have like a calm presence. 00:29:40.160 --> 00:29:40.799 Yeah. 00:29:41.920 --> 00:29:43.680 How much do you spend on gacha? 00:29:45.680 --> 00:29:47.039 Like zero dollars. 00:29:47.359 --> 00:29:48.319 Dude, seriously? 00:29:48.480 --> 00:29:49.920 You've never pulled a fucking pack? 00:29:50.880 --> 00:29:52.480 No, like I have dude. 00:29:57.200 --> 00:30:00.400 I've opened like five of these packs lifetime. 00:30:01.200 --> 00:30:06.799 Lifetime, what well, you know, like I showed you my Pikachu that I pulled. 00:30:06.880 --> 00:30:08.960 Like, uh, this is a crazy story, right? 00:30:09.119 --> 00:30:11.119 So I pulled Pikachu story, by the way. 00:30:11.200 --> 00:30:14.160 I fucking on either uh collector crypt or courtyard. 00:30:14.240 --> 00:30:15.359 I don't I don't remember. 00:30:15.519 --> 00:30:19.519 Um, this was like summer last year, summer 2025. 00:30:20.240 --> 00:30:24.480 So this was like from a$500 pack or$250 pack, I'm pretty sure. 00:30:24.720 --> 00:30:30.960 It's the 1996 PM Japanese Bandai Pikachu PSA 10. 00:30:31.039 --> 00:30:31.279 All right. 00:30:31.359 --> 00:30:43.119 So at the time when I got this, I saw 1996, I had to get a ship because you know I don't even like these cards, but I was like, I thought that was before any of the other Pokemon, and I searched it and I was right. 00:30:43.359 --> 00:30:51.519 But the reason it wasn't, it was, it was, it was like buyback value was like 2.5k at the time, and that was the fair market price. 00:30:51.759 --> 00:31:06.960 So the reason it was like priced so low is because it's like not an official Pokemon trading card, it's like a collaboration with I think companies called either Bandai or Cardass that basically licensed Pokemon IP. 00:31:07.440 --> 00:31:20.000 So, you know, back then people weren't you know really into this, but I guess like Logan Paul started pumping some random cards that you know people didn't like either uh before. 00:31:20.240 --> 00:31:29.200 So like people like an appreciation grew for this set, and that 3k card is now worth like 150 or something. 00:31:29.440 --> 00:31:31.119 So that's pretty crazy. 00:31:31.279 --> 00:31:35.680 Yeah, Gasha's pretty that's why like yeah, it's pretty interesting. 00:31:35.759 --> 00:31:40.640 Like you get Gasha is minus EV because of the buyback rate, right? 00:31:40.880 --> 00:31:47.359 But it's also a pretty decent way to actually like acquire some cards uh if you want to.

00:31:47.599 --> 00:31:51.519 Uh yeah, a guy who's up 150k on gotcha thinks it's good for the world, huh? 00:31:53.839 --> 00:31:54.799 Do you have it still? 00:31:54.880 --> 00:31:55.599 Are you selling it? 00:31:55.839 --> 00:31:57.440 Yeah, I'm never selling it. 00:31:58.000 --> 00:32:02.559 You so I said about my mutant eight when that thing was worth 150 bands, tell you that. 00:32:02.640 --> 00:32:04.240 Yeah, um, you sold Ansom. 00:32:04.400 --> 00:32:06.160 Someone said ask him why he sold Ansom. 00:32:07.839 --> 00:32:11.359 Oh, just like I don't like holding coins that go down too much. 00:32:11.519 --> 00:32:12.640 Like, just annoying, you know. 00:32:12.720 --> 00:32:17.440 It's like a it's a mental drain, especially if that position was like a pretty insignificant position. 00:32:17.519 --> 00:32:18.720 I just wanted to cut it. 00:32:19.039 --> 00:32:25.680 I was like, it's very annoying waking up every day and like knowing, just like checking coins, and this thing's down another 10%. 00:32:26.640 --> 00:32:28.240 It's like was that a big loss for you? 00:32:29.599 --> 00:32:31.519 No, it was really small. 00:32:31.680 --> 00:32:32.319 It was fine. 00:32:32.559 --> 00:32:33.680 Same with AI. 00:32:34.480 --> 00:32:35.839 Yeah, yeah. 00:32:35.920 --> 00:32:37.680 I'm I'm just I'm just gonna quit on-chain. 00:32:37.759 --> 00:32:40.799 I think it's not, it's not, it's not worth it at this point. 00:32:41.039 --> 00:32:42.880 You did you trade Kimji Goin? 00:32:44.000 --> 00:32:56.480 Yeah, I actually was like top holder of that on I didn't realize the liquidity was like 350k or 400k, so I I think I bought like 200k of it randomly. 00:32:56.880 --> 00:33:00.240 No thesis, but no, I I sold most of it already. 00:33:00.319 --> 00:33:02.799 Like, on FOMO or what'd you buy that on? 00:33:03.200 --> 00:33:06.160 Pump and FOMO on public wallet? 00:33:06.720 --> 00:33:08.319 Uh two, yeah, yeah. 00:33:08.400 --> 00:33:18.640 Um, surveillor, FOMO, that a little bit, and then I have like another surveillor account on the pump app, and then I have another, I have a third undocks wallet. 00:33:18.720 --> 00:33:24.960 But no, on the pump app, that wallet was like number one holder on pump app, which I thought was pretty crazy. 00:33:25.119 --> 00:33:29.519 Uh, a lot of money on this uh oh, it's all it's a lot of it's in cards. 00:33:31.119 --> 00:33:36.160 Yeah, that's like that's like my that's like probably like what like let me think. 00:33:36.640 --> 00:33:39.440 That's less than 10% of my cards, right? 00:33:40.160 --> 00:33:41.599 It's gotta be, yeah. 00:33:45.039 --> 00:33:46.240 Way less. 00:33:56.799 --> 00:33:57.599 All right, Pat. 00:33:58.160 --> 00:34:02.799 Um GG, I uh there's something else I wanted to ask you before I kicked you off. 00:34:02.960 --> 00:34:09.280 Um do you you're pretty like active talking to other traders? 00:34:09.440 --> 00:34:11.760 Yeah, like I'm not, but you're one of the only people I talk to, actually. 00:34:11.840 --> 00:34:13.360 I don't I don't even talk to you that much. 00:34:13.760 --> 00:34:15.920 Um what what what's your thoughts on that? 00:34:16.000 --> 00:34:19.519 Like, do you think you're better because you talk to people or you just do it because you're bored or what? 00:34:19.840 --> 00:34:27.199 No, yeah, it doesn't I don't think I'm pretty I'm like very much like a solo trader. 00:34:27.360 --> 00:34:43.760 I don't I don't really I don't remember the last trade I took because of someone else, just because you know I I need to build heavy conviction in my trades, and typically other people are just selling you know much shorter term shit than the stuff I look at. 00:34:44.159 --> 00:34:52.400 But I do like talking to people mostly to just get a gauge of positioning and also like posting on Twitter. 00:34:52.800 --> 00:34:56.719 I prefer talking to like just other traders in group chats. 00:34:58.559 --> 00:34:59.679 Damn, impressive. 00:34:59.840 --> 00:35:02.159 What what's the uh PFP? 00:35:03.679 --> 00:35:07.440 Oh so this is like yeah, it's pretty random. 00:35:08.079 --> 00:35:15.440 I think it's like there there were this was like a coin on BSC back in the day called Yeah, it's super random. 00:35:15.519 --> 00:35:17.679 It's like a two-bill topper called T Bibi. 00:35:17.920 --> 00:35:19.199 Are you still rocking it? 00:35:19.440 --> 00:35:22.400 Yeah, dude, that's fucking dark, man. 00:35:23.519 --> 00:35:24.639 It's pretty funny. 00:35:24.800 --> 00:35:26.000 That's dark, bro. 00:35:26.400 --> 00:35:28.079 Um, Savila, you're the goat. 00:35:28.159 --> 00:35:30.079 You you got like a final show for us? 00:35:30.639 --> 00:35:32.320 You did you did a pretty good job of chilling? 00:35:32.400 --> 00:35:33.119 That's about it. 00:35:33.360 --> 00:35:35.039 Yeah, cards publit. 00:35:35.119 --> 00:35:36.639 It's gonna go up a lot. 00:35:39.840 --> 00:35:40.639 Bro, you're the goat. 00:35:40.719 --> 00:35:41.679 I I gotta link you soon. 00:35:41.760 --> 00:35:42.320 You're the goat, man. 00:35:42.400 --> 00:35:43.119 Thanks for coming on. 00:35:43.280 --> 00:35:44.320 All right, all right, homie. 00:35:44.559 --> 00:35:45.360 Have a good one, peace.