Cross-asset discretionary trader @VersusFNF The goal is to become the best. Walk with me 👇
Joined March 2024
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Pinned Tweet
YO join my shit fr
t.me/jay_alpha
I for one couldnt give a rat’s ass if I had an agent book things for me
How lazy can we fucking get? I rather do things myself. That’s called living.
notice..
> Delta is blocking AI agents from booking flights
> JPMorgan Chase and Charles Schwab block agents from accessing accounts
> Yelp requires paid data licensing for agents
> Amazon has blocked Grok bot and other shopping agents.
the internet is starting to block AI agents that were supposed to do everything for us
Jay retweeted
one thing you learn as you get older
the people who encourage you to take big risks don't actually want the best for you. they just want to see what happens
I love the callout feature. Just trade like normal and make extra money from my call outs. What’s not to love?
Sent from my Pumpfun app
The Callout Rewards algorithm may be evolving, but the rewards are still flowing!
$19,000,000 paid out to callers on the Pumpfun app in just 2 months 💰
Jay retweeted
Good update, I was tired of seeing people spam low mcap callouts to farm callout rewards. No hate to the players, it's just the game. The @Pumpfun dev team has been cooking with their mobile trading app.
An update of the latest Callout Rewards algo iterations (not final!):
1. Tailer PNL now contributes to your rewards in the form of a multiplier: the more your followers win, the more you win. The more your followers get hurt, the more you get hurt.
Lowcaps are eligible again, *provided* that tailers actually have an opportunity to SUCCEED!
2. Volume is no longer the sole attribution driver
3. Abnormally high amounts of callouts per day will punish you
Those with a keen eye may have noticed we’ve been shipping more features on the callouts tab on the Pumpfun app in order to give you more insights as to how your tailers are performing.
Yesterday, we added a 1hr & 4hr metric for your follower PNL. The intention behind this metric is to provide more transparency and weed out the traders who may be leading their followers to slaughter within a short timeframe of their callout being posted. (credit to @PoorGoat_ for some good stats, shown below)
There is an IMPORTANT caveat with this feature, which I want to make VERY clear: if a trader has GOOD hold times and their callouts take longer to successfully play out, do not assume that they are a bad trader to follow if their metrics are skewed on lower timeframes.
Some people callout a token which may go underwater over the short term, but results in a great trade over a period of days/weeks for their tailers. It is very important that this distinction is made!
Expect more changes to follow with the algorithm itself, as well as more comms around callout rewards!
Jay retweeted
"Life has a peculiar way of balancing its debts. You may walk away from the harm you've inflicted on others, believing yourself untouched by consequence.
But time has a cruel sense of irony, and when the reckoning comes, it rarely arrives in a form you recognise or at a price you're prepared to pay."
W post.
Look, I don't really have a take on this realist drama / situation besides crime is bad.
But I truly feel like the new class of trenchers are so deeply hypocritical and intellectually dishonest, or actually just genuinely stupid, in the way they view the space.
/rant start
Point 1. False Equivalents.
The reality of this realist situation from an objective perspective is as follows:
Three men hold a man hostage and rob him with knifes.
Because it's the UK, the knife manufacturer for ZK's - Zombiekillers - probably made some coin off the three fellas wielding them.
Was the intended use of ZK's giving roadmen the tools to commit crimes? Probably not initially, but it played out that way anyway.
It makes no sense to blame the company producing the knifes rather then the people misusing them. This same debate is extrapolated to gun violence all the time in America but the reality is you can't blame the company for people using objects for unintended malicious acts even if their in the scope of the tools use. The same can also apply to the production of car's and drunk driving resulting in deaths of innocent families all the time.
Yet, the big duve my goat has said several times that 'bundle drilling coins is pump funs purpose' so it's a justifiable means to an end, well. No.
Mass deploying -> using tools to obfuscate holding amounts -> automated farming, etc etc. Is not the intended use of pump fun.
It is a fair token launch platform: that is the intended use. Except, the modern era of tools prevents that 'fair' standard from taking place like it did once upon a time.
To make the argument that mass deploying drill artists are not misuing it is intellectually dishonest or plainly retarded.
The reality is as legal precedent stands right now, both of these things are criminal acts. Mass deploying and farming a financial market // obfuscating holdings and misleading investors, either side of the coin you're running into trouble with Fraud in most jurisdiction's of the world. Just as hostage + armed robbery + assault and battery bla bla.
Obviously the scales are different, but their both crimes as things stand. Will we see the laws change with Trump admin and clarity act? Maybe. But they haven't passed yet.
In the end, it's blatant hypocrisy to deflect accountability from individuals misusing a product onto a corporation that doesn't design it with that intended use in mind but it ends up being revenue generating so they just let it be -> capitalism.
Point 2. Capital Interests and Hypocrisy.
Jack does make a great point here; If you suck at trenching stop trading new pairs.
> This is true, please stop and don't buy the slop these 16 year old kids are making in claude for 2 hours for the love of god.
The issue is, many if not all new wave KOL's glorified newpairs to an unbelievable extent and beyond that it really is viewed as the be all and end all.
We must onboard more new liquidity to the space than is taken from it for growth, infact Jack says he does more onboarding than anybody else.
Onboarding is not only useless, but also wildly unproductive if the process is literally onboarding people to be scammed and slaughtered for their paycheque before saying 'skill issue get off new pairs retard hutt dweller.'
No sane man will return to the place he got robbed blind instantly; this is nothing like a slot machine or a roulette wheel were the odds balance enough to get you hooked. You will lose it all in a vertical and never come back 90% of the time - infact, if we could script how many wallets traded pump fun for the first time; zero'd out and never traded again the trend would probably follow my guess.
Whether these people want to acknowledge that fact or not, onboarding and drawing people towards new pairs -> drilling them with 8 multi wallets -> calling them mud hut dwellers with a skill issue is hypocritical at best and morally ambiguous at worst.
The second massive point of hypocrisy in this new class is a point @pr6spr makes which I both love and hate.
This is a game of capitalism which means people will always priorities their capital interest above others. You should live by that statement because it's the truth, i've known people for years that immediately stopped talking to me because they got access to my network, because i refused to give them free money and so on.
You are only worth what you can provide in this space.
But the issue is; new gen trenchers are either incredibly retarded or unbelievably committed to the extraction grift.
Why?
Because the people who often complain about the following:
Ceilings being low.
Trenches being dead.
Onboarding being too slow.
Are the exact same people who are massively impacting on-chain environments with not only personal actions but the trading behaviour their attempting to noramlize / glorify - they even make tutorials on how to do it.
'It's not my fault' many will say; but this is a game of capitalist interest you said it yourself.
When you buy 60% of a coin you deploy on sides; and lets be real generous by pretending you can hold for some decent time:
When it gets up to 300k and Larry and Joe the plumbers finally decide to buy the coin - you unload 60% on their fat head and they lose it all.
Expand this idea further and further; Everyone should ROTATE, MOVE QUICK, DRILLPIG SIMULATOR, THE CHARTS DOWN GET OUT, COMMUNITIES ARE A LIE, IT'S ALL GOING TO ZERO, NOTHING HERE IS ACTUALLY GOOD LOL.
Eventually your coins at 10m and suddenly Hubert and Sam + all their venture capitalist or rich friends with money to burn that'd just blast 100k here, 200k there, now have absolutely 0 capital interest in placing that bid because well 'it's all a lie and a scam.'
That is the cycle we've created and it's compacting quicker and quicker; ceilings are lowering not because people don't want to buy things.
It's because there's no capital interest in buying things high anymore because drillpig icons have essentially manufactured an entire market of drillpigs, psy-op tek and low effort extraction simulators.
That is capitalism at work, people are protecting their interest at the expense of yours -> yet you complain and call them mud hut dwelling retards. But, when you protect your capital interest at the expense of others, "Deploying is normal, bundle drilling is normal, its capitalism." You are not a mud hut dwelling retard, you are 'right'.
Alas, the crowd gets on twitter and complains every single fucking day about the state of affairs.
Alon doesn't do this, fomo doesn't do that, protocols aren't doing this, people aren't doing that.
The reality is, the capital interest is not in it for any of them - just you.
Because of the culture we've curated, I say we deliberately because it's not entirely duvals fault and it's not ethan prospers or alon's or any one individual in particular. It's a collective fault of the space.
But I don't believe it's incorrect, by the line of logic the new era uses for complaint to say;
Those with influence should do 'more' otherwise asking Alon for things becomes hypocritical. Him giving you money isn't in his capital interest; milking this space for everything it's got is. Why would he care about your thoughts.
So why are we leading people to fall in line whether intentionally or unintentionally?
A fun fact to drive this point home I say frequently; pump + axiom curve trade costs the trenches 4% of most trades on coins now days.
> 20 BE trades and your -65% or so in fees.
So long as we exist with antiquated fee structures designed for the era of non rotational trading the trenches can NEVER outgrow the fee extraction. We can get a few weeks of buzzy environments - but the fee's take far too much for it to keep up and people stop buying high because they expect it to zero out.
Your capital interest should be to run as far away from launchpads and trading terminals as possible, yet you don't.
So the hypocrisy in my mind becomes clear; why is preserving your capital interest of greater import than other people preserving their capital interest?
The answer, if you're intellectual honest is that it is not more important to anyone but yourself and others in the same position. So there should be no reason to complain about the markets reacting in align with their own capitalistic thought.
So why are we complaining?
For the sake of it? For engagement? Because you want something to actually happen
As I said earlier, so much of this line of thought requires deeply mislead thinking and comes with two conclusions:
These people are genuinely retarded.
or
It's about misleading people for profit.
Jay retweeted
One reason it’s so hard to take time off from trading is the guilt and shame that come with doing so.
Taking a break feels like admitting failure. It feels like saying “I’m a bad trader and I don’t deserve to do this anymore.”
In my experience, the best way to deal with these emotions is to get out of your own head and pretend you’re giving advice to someone else in your position.
If a trader you knew told you they felt completely fried and were considering a hiatus, what would you think? Would you write them off as washed up or weak?
No! Because you know exactly the feeling they're talking about, and you know how hard it is to trade through it. The huge response to my last post suggests that nearly everyone has felt this way at one point.
And if every trader faces burnout eventually, what distinguishes the best traders is not that they somehow avoid it (they don't). It's that they can admit when stepping away is the right call.
This is burnout, and if you want to survive as a trader, you must learn to recognize it.
True burnout is not just being overworked, nor is it something you can push through. It is a feedback loop that occurs when your body experiences intense, prolonged stress.
Stress is part of life, and under normal conditions you can recover from it easily. In fact, many dimensions of human performance - strength, endurance, mental acuity - actually require stress in order to grow.
However, growth in response to stress can only happen when the stress is manageable and offset by periods of recovery. When the stress is extreme and constant, the body fails to adapt and enters a downward spiral.
As stress accumulates, several things happen physiologically:
- sleep is disrupted
- hormones become dysregulated
- mental performance degrades
- heart rate variability falls
- inflammation rises and immune function declines
The problem is that each of these effects also *reduces your ability to withstand and recover from stress.* So you enter a vicious cycle where recovery becomes impossible and performance steadily deteriorates.
The experience @agapestride describes here is exactly what it feels like to burn out from trading. And if you find yourself in this situation, the most important thing you can do is *recognize what has happened.*
You are not dumber than you used to be. You are not more indecisive. You are not more impulsive, fearful, or greedy. You are simply physiologically impaired by severe, chronic stress.
When you notice the signs of burnout, you must prioritize recovery above all else:
- cut your risk
- stop looking at charts
- get off social media
- play sports or start running
- spend time with friends and family
- go hiking or traveling
- take lots of hot baths
As much as it feels like the best time to make generational wealth is RIGHT NOW, the market will always be here. So take a break and don't come back until you know your body can handle it.
Jay retweeted
This one is especially for AI Infra folks $IREN $NBIS $MRVL and even $META
We are no longer seeing a clean selective capital formation scenario and thats probably why we have seen so many macro guys that were quite for so long, suddenly rushing out the door claiming the king is naked
The market has rotated toward what we can call a scarcity crowding out regime: geopolitical + logistical bottlenecks are raising the value of existing physical capacity while the high cost of capital is beginning to suppress leadership in the next layer of AI and industrial capacity expansion.
Macro folks spot this because they are always looking at commodities, rates and they never lose sight of tech (especially the high flyers). What they are seeing now is that the AI physical capital cluster has broken relative leadership, while barrels exist but moving and refining the barrels is now very hard, and rates keep testing Bessent (also keep a look at JPY - not great). All in all, it does not surprise me that they are now embarking on two thesis archetypes:
i) The technology can be transformative while the people financing the infrastructure destroy capital. He compares data centers to shale's enormous spend, but terrible ROIC, and says the buildout can continue long after the economics stop making sense.
ii) Assumption invalidation: compute scarcity, unobstructed infrastructure deployment, and abundant financing. The argument is now that planned capacity is huge relative to estimates of 2030 demand, while bottlenecks mean much of the announced pipeline may never get built (which is actually bullish I know).
Some of this are actually sensible questions, like whether the data center itself generates enough AI revenue to justify its depreciation and capital cost.
But the real point here is that they are watching macro tipping, and they know this is the time to ring the bells and be the next macro oracle: "the guy who saw it coming." Obviously, the AI buildout contains characterics of previous bubbles and it is happening in a cyclical sector, which raises a lot of eyebrows, but what we are seeing now from the macro crowd is simply a great risk/return statement opportunity: they speak now because the clouds are getting darker - it helps if your bubble thesis has help from broader macro factors.
Their risk is basically if that macro squeeze reverses before hyperscalers actually cut spending, the whole construct can rerate hard. Or even if freight and product tightness ease, inflation pressure fades, the 10 year finally falls and suddenly marginal AI projects that looked questionable start clearing the hurdle again.
Jay retweeted
This is burnout, and if you want to survive as a trader, you must learn to recognize it.
True burnout is not just being overworked, nor is it something you can push through. It is a feedback loop that occurs when your body experiences intense, prolonged stress.
Stress is part of life, and under normal conditions you can recover from it easily. In fact, many dimensions of human performance - strength, endurance, mental acuity - actually require stress in order to grow.
However, growth in response to stress can only happen when the stress is manageable and offset by periods of recovery. When the stress is extreme and constant, the body fails to adapt and enters a downward spiral.
As stress accumulates, several things happen physiologically:
- sleep is disrupted
- hormones become dysregulated
- mental performance degrades
- heart rate variability falls
- inflammation rises and immune function declines
The problem is that each of these effects also *reduces your ability to withstand and recover from stress.* So you enter a vicious cycle where recovery becomes impossible and performance steadily deteriorates.
The experience @agapestride describes here is exactly what it feels like to burn out from trading. And if you find yourself in this situation, the most important thing you can do is *recognize what has happened.*
You are not dumber than you used to be. You are not more indecisive. You are not more impulsive, fearful, or greedy. You are simply physiologically impaired by severe, chronic stress.
When you notice the signs of burnout, you must prioritize recovery above all else:
- cut your risk
- stop looking at charts
- get off social media
- play sports or start running
- spend time with friends and family
- go hiking or traveling
- take lots of hot baths
As much as it feels like the best time to make generational wealth is RIGHT NOW, the market will always be here. So take a break and don't come back until you know your body can handle it.
Great update
Sent from Pumpfun app
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.
