e retweeted
Again, people have this unrealistic fetish for closing exact tops, or buying exact bottoms. They imagine the pro trader who never loses and times everything perfectly.
Reality is far from it.
Trading is a game of averages.
If my average purchase price is lower, and my average sell is higher I will out-compound you.
Timing the exact bottom is a fools errand, shorting is for risk management, not for PnL.
You short and close in profit so you have more cash on days like today. Would I have loved to be short into it? Sure, it would have been an extra +7% or so on our book. That doesn't matter as much as NOT LOSING money, managing your risk and preserving optionality. The sooner you understand this, the more profitable you'll become.
We've decided to close nearly all of our equity shorts into last nights emotional selling. One of our most profitable months ever. Thank you to our counterparties on those trades.
While the next year looks challenging for equity markets, I don't think it continues to make sense to be directionally short.
While sitting nearly 50% cash, we continue to hold large HYPE and Bitcoin positions.
e retweeted
We've decided to close nearly all of our equity shorts into last nights emotional selling. One of our most profitable months ever. Thank you to our counterparties on those trades.
While the next year looks challenging for equity markets, I don't think it continues to make sense to be directionally short.
While sitting nearly 50% cash, we continue to hold large HYPE and Bitcoin positions.
e retweeted
Why Pearl will Win
––––––––––––––––––
01:14 BTC is dying
03:24 Breaking up with my highschool girlfriend
06:51 Why it can work
09:35 Pearl's power footprint
12:45 AI capex > asic capex
15:00 FP8
19:00 Negative overhead
22:04 Elite team
23:06 Hashrate = hinge profile height
28:01 AI lab adoption
30:48 I want my MTV
32:31 Mark Knopfler shreds on guitar
35:52 Useful work vs Duplex work
38:32 Cheap verification is required for money
41:20 Can Pearl close the loop?
45:17 Addressing fundraise FUD
51:21 Risks
1:06:27 Pearl wins by becoming multi-denominational religion
e retweeted
The largest crypto exchange in the world just experienced the largest robbery in human history—and the person running it is a nomadic autistic man in Dubai posting “Funds are SAFU!”
What a time to be alive.
e retweeted
I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below.
e retweeted
Welcome back to the bull market
What you’re seeing is a glimpse of the next while
The most important thing that you should focus on now is yourself
A feeling of underperformance will lead to further underperformance. It is you versus yourself the entire ride, and the ONLY thing that matters is what you take home when this ends. UPNL is not PNL, and money sitting in a wallet is hardly a PNL either
Frequently cash out to your bank account and store the profits in places it’s not easily accessible
Cheers to many millions of dollars made this bull
e retweeted
Jokes apart.
I poured my entire soul into this game. Walking through the town today and seeing all of you around filled my heart with joy. Nothing else matters. What's better for a dev than watching real people online, having real fun, in something you built from NOTHING?
I know the token isn't where we want it. I'm not going to pretend otherwise. But everything else? Going absolutely turbo.
I haven't stopped a single day in almost 3 months. And working with this community has been a pure pleasure. 30 to 40 reports and suggestions every single day. You're not just playing Gluniverse, you're building it with me. This is OUR game.
Today's beta is not perfect. It's the first build. But look at it and tell me you can't see the direction. This is the fucking floor brothers, not the ceiling.
I have one goal: make the best game on Solana.
And "quit" is not in my vocabulary. Never was.
solana:NpqoucNKKJ62PwikH4NBvTm3R7mgREXoTtv7nJSGLUE
