PaperFlow

I just have a simple checklist I go through daily as a (mostly) long vol trader to make sure I don't pay too much unnecessary theta Usually early mornings are reserved to make sure nothing in the market blindsides me + algos are running smoothly Big break in between while waiting for US open Then afternoons are reserved for lower level projects and thinking about markets at a higher level while keeping to tight risk limits

closed my eth long vol positions here, eth mark 3410 at the time of the below screenshot. this is on my short-term swing acc. made up of long vol positioning this was a huge L and a huge roundtrip. i was up 600+ eth yesterday night, thought a 3k break was certain based on flow and positioning but chad buyers stepped in at 3060.. I spent the whole asia session deliberating on next moves, costing me another 400 eth. definitely underperformed the setup

this is still live, one to watch

My real education in market mechanics wasn't a textbook or my 5 years working for an options HFT shop. It was from participating in the Runescape "real world secondary markets" from 2003 to 2012. In this game, the "Partyhat" was a useless, discontinued cosmetic from 2001. It was released once and never again through the history of the game. I didn't just watch the Partyhat go from worthless to billions in-game. I watched it go from $0 to hundreds, and then tens of thousands of real-world US dollars. It eventually became the game's ultimate store of value not for its utility, but for two reasons: provable scarcity and a collective consensus that this scarcity was the value. In hindsight, it was a preview of the Bitcoin model. A market, free from regulation, spontaneously creating a "hard asset" from a "useless" digital artifact. While the Partyhat was mooning, I also watched the "CPI trap" play out. The money supply hyper-inflated as players and bots "farmed" (printed) billions of in-game currency. But the price of "utility" goods, the game's "CPI basket" of armor, raw fish, and logs was deflationary. Bots flooded the market, crashing prices. Runescape's "Central Bank" (Jagex) could have reported "-2% inflation" based on the basket of goods. This completely missed the real story. The real inflation was in the scarcity assets. The "Party Hat Index" wasn't up 5%, it was up 50,000%. This is our world. The CPI measures the "armor" (TVs, electronics). It misses the hyperinflation in the "Party Hats" (prime real estate, fine art, BTC). Life is a game, you are sitting on the hardest asset in existence.

Toying around with a peanut sized portfolio on deribit. Mainly to show my normie friends that making the first $1m can be done with any starting stack. Your brain is the product. 10k -> 1m challenge completed in 7 months. +534k usd august 2024 +592k usd feb 2025

going to business school to learn about macro, trading and markets vs traders

Forgot about the 20+ mfers I had from last cycle. Woke up to a 400k+ bag on Base. This space surprises you beyond all belief sometimes. $mfer #BaseChain