Running it back
Joined December 2021
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2k to 100k public challenge finished on @fomo ✅
No crazy 8 figures pnl but still something I hope is inspiring, and more realistic than what you see following popular accounts:
- Started with a 2k capital 2 months ago
- All trades on fomo (except 1 or 2 coins that were not available on fomo at the launch of RH chain)
- No copy traders
- Simple trading style: Usually avoid new launches, degen plays and coins below 1M mc.
- Instead size into utility coins with great tokenomics / coins with a lot of good holders / coins with the most viral narratives. Hold for days-weeks for x2-20.
Honestly it should have been much more than a 100k pnl, I made a ton of mistake and it took me a while to adapt to the market, but it’s a very low risk and accessible trading style.
Of course I could have also just held Pons and made Millions. It is what it is. It's important to have big goals but we also need to be proud of smaller achievements. All in all, I had low confidence and capital at the time, and that's a good first step for me.
There is still a lot to improve on my side, especially in how to trade PvP coins, how to correctly size and how to improve my mindset longterm.
Now it’s time to start the fun part! 100k to 1M! We finally have the capital to properly size and buy 1% of the good coins 😈
Feel free to follow me on Fomo to find out about my next moves: @ CryptoManiaques and @ CMotg
If you use my Ref (link in bio), shoot me a DM, I'm taking time every day to answer my refs about potential thesis, and I have plans to give more value in the future.
I think this has been the main issue with both pf and fomo, rewarding extractive behaviors and encouraging shitcoins, bundlers and copytraders.
PF seems to be the first to move in the right direction even if it goes against their incentives here.
Also fees and executions seems to be better.
I will give PF a proper try and see what I enjoy more, but for a conviction trader like me this makes a lot more sense.
We're rolling out a few big changes to the Callout Rewards program over the coming days, starting with today's payout. Here's what to expect:
- Callouts on lowcap tokens will be nerfed. We want callouts to incentivize larger wealth effects that affect more people, rather than only benefiting a small group of sophisticated traders
- Volume will cease to be the main attributer for rewards. The focus will be on what matters most: whether the people that trusted your callout were able to make money or not.
Going forward, your goal should be to lead your followers to victory, otherwise your chances of consistently earning are SIGNIFICANTLY lower.
Win as a team —> win as an individual.
Sounds insane so I had to check the math myself
It works
🤯
Thought about this more, what if we could build you that same trade without you even needing to risk the $238k?
NetNet keeps the principal in NET sealed and only spends income on your ticket. Each epoch we route your rebases into a pool "ETH above 5k by March". Effectively can create a no-loss-lottery style derivative.
So instead of a $240K bet on ETH, you'd be placing a risk free bet on ETH, with a $98K bet on NET (that worst case trades at NAV). Your downside no longer becomes 0, and the capital you need to layout is ~60% smaller. Oh and what happens if NET trades 10x from here in 6 months, what about 100x?
Thoughts?
Trenches are now as extractive as ever, more reasons to size into safer bets and conviction plays.
Here's a list of what I currently like:
Low possible risk with great potential: robinhood:0x8d1612b4b78ebf08cfbf01a04fa270ccbb0509a2 and $NET
Slightly riskier but high ceilings: $UBIK and robinhood:0x42afa2124ca5a2b83898e46b2da9a190995b1e18
Bigger but great upside with the Clarity Act vote: $TIBBIR and solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp
What should I look into next?
2k to 100k public challenge finished on @fomo ✅
No crazy 8 figures pnl but still something I hope is inspiring, and more realistic than what you see following popular accounts:
- Started with a 2k capital 2 months ago
- All trades on fomo (except 1 or 2 coins that were not available on fomo at the launch of RH chain)
- No copy traders
- Simple trading style: Usually avoid new launches, degen plays and coins below 1M mc.
- Instead size into utility coins with great tokenomics / coins with a lot of good holders / coins with the most viral narratives. Hold for days-weeks for x2-20.
Honestly it should have been much more than a 100k pnl, I made a ton of mistake and it took me a while to adapt to the market, but it’s a very low risk and accessible trading style.
Of course I could have also just held Pons and made Millions. It is what it is. It's important to have big goals but we also need to be proud of smaller achievements. All in all, I had low confidence and capital at the time, and that's a good first step for me.
There is still a lot to improve on my side, especially in how to trade PvP coins, how to correctly size and how to improve my mindset longterm.
Now it’s time to start the fun part! 100k to 1M! We finally have the capital to properly size and buy 1% of the good coins 😈
Feel free to follow me on Fomo to find out about my next moves: @ CryptoManiaques and @ CMotg
If you use my Ref (link in bio), shoot me a DM, I'm taking time every day to answer my refs about potential thesis, and I have plans to give more value in the future.
CM retweeted
.@LaunchOnSF launched just over a month ago
- it is now sitting at $300m fdv
- the top 100 coins on the launchpad are valued over $200m
- the "yield" from holding assets on stonk reminds me of OG DeFi days
- $20m paid out to holders
- 15% of the token has been burned
- has become an everything launchpad
- is the best platform to launch tokens paired with tokenized assets on @solana
- does more revenue than pons (which went to $1bn ATH)
- still no CEX listings
$STONK will be one of the leaders this cycle.
data from thestonkboard.com/
CM retweeted
Our FDV, explained.
FDV is our price multiplied by all 500m UP in existence.
Nearly half of that 500m is burnt or sealed away with more due over the coming months. This can never move again.
Almost all of the rest is locked, and locked UP cannot be sold.
20m was in circulation at launch. It is 19.91m today, despite releasing around 1m in emissions a week. Locking has absorbed more than the schedule has released, all whilst generating $800k+ in revenue for UP lockers.
Our goal is to inflate UP as little as possible and drive as much revenue to UP lockers as possible, and so far that is exactly what has happened.
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