#Market Correction #Meme Are you tired of buying the dips? 😅

Let me elaborate. Regarding the risk-reward ratio. I initially started with quantitative CTA strategies, a modified version of the Turtle Trading strategy. The original Turtle Trading strategy linearly increased position size as ATR decreased. I introduced a function that maximized position size when ATR was extremely low and minimized position size when ATR was high, making it non-linear. This was particularly effective in the early days of the crypto market in 2018-2020, because the market often experienced prolonged periods of sideways movement followed by a large bullish or bearish candlestick. This strategy had an extremely low win rate, only around 30%, but an extremely high risk-reward ratio. The stop-loss was typically set at 1%-2%, often capturing a 100% or even 200% trend. Those interested can learn about the Turtle Trading strategy and simulate the 2018-2020 trends for EOS, BCH, and ETH using 4-hour charts. Also, consider BTC before 2019. With good factors, it should be possible to achieve returns of over a thousand times. Anyway, from April 2019 to August 2020, I actually achieved a 15x return. The Turtle Trading strategy is particularly suitable for those primitive circles, simply put, circles full of clueless retail investors. Of course, the crypto market is no longer effective now; manipulation is too rampant. I'll write about altcoins and news trading (event-driven) later when I have time. The core idea behind my approach is to overfit to market conditions where the sideways movement is followed by a sharp upward move. In other words, the central idea of my strategy is to only capture this one type of trending market, ignoring all other large fluctuations (high ATR, very small position, equivalent to ignoring). So, things are interconnected: first find a profitable strategy, then only capture that one type of market; don't try to capture everything. Even with my altcoin strategy, I've won many coins, but I've never caught AIA, Coal, or Myx; they don't fit my strategy.

From my observation, those still making money in the secondary market are basically people who need both talent and hard work. In short, anyone who's survived this long is a genius. And they're all still intensively trading cryptocurrencies, spending a lot of time researching and thinking even when they're not buying. The stories of people buying a coin, going to work a regular job, and seeing their money multiply several times over in a few months are a thing of the past. You need extremely good luck to pick the right coin, and even more luck to sell at the worst possible time. Hesitating for too long will only result in losses. The market will get better, but it will never be as good as it used to be.

I spent the whole day talking with some friends. The overall conclusion is still very pessimistic. They used to make a fortune through narratives, but now they're scared, they don't believe in narratives anymore, and they've quit. Right now, the only ones still in the game are speculators like me and the big players. I'm exhausted, and the big players are exhausted too. Gambling every day is too tiring. The core reason is that there are no more big, unsuspecting investors. Big players don't necessarily make money. In this market, you know many cryptocurrencies that are manipulated lose money. Manipulating doesn't necessarily mean losing, but not manipulating definitely means losing. So, the important thing about manipulated cryptocurrencies is: Once the money is in, there's no going back.

The reason the market is so tough right now is because there are rich, smart people and poor, stupid people. The rich, stupid people are all gone. Open Hypeliquid, isn't my address listed on the leaderboard with my real name? I don't even know what these people are questioning.

This was so much fun! I've never felt this good before. It's not about the money, it's just the thrill of the game. When I play Age of Empires, what I love most is encountering cheaters who use map hacks, and then typing away like crazy after winning. @RiverdotInc You're trash. DM me next time, I'll teach you how to play. You're such a piece of trash. You're already cheating, and you still don't know how to play.

I feel like a gambling god. The day before yesterday, without knowing any inside information, I used a registered address and ran off with $400,000. I almost got locked up in there by that bastard. Ha! It was so satisfying. It's like playing a game where someone's cheating and you still don't get a chance.

@RiverdotInc You son of a bitch, you animal, you piece of trash. I almost got screwed over by you, you piece of trash. I knew you were going to be a jerk and redeem the reward early; I redeemed it with 400,000 points the day before yesterday. You bastard, you cheating dog. @RiverdotInc You really are a piece of trash. You think you can screw me over?

I'm thinking of selling my Cullinan and buying a Mercedes-Benz S800. I've had my Cullinan for six months and only driven 1000 kilometers, and that was on purpose for various occasions. I usually drive my Mercedes-Benz S800. This Cullinan is really uncomfortable to drive and comfortable to ride in. Aside from the badge, it's inconvenient in every way. It's not that I'm short of money, it's just that having something useless at home, depreciating in value every year, seems pointless. I saw an interesting comment: between the Mercedes-Benz S800 and the Maybach 480, the one who chooses the Maybach is probably poorer. (Because they need the badge.) Having owned it for six months, from a practical standpoint, I probably don't need the badge.

Looking at the list of top gainers, isn't this the season for knockoffs?