Richard

$SOL Tagged the Y/O almost to the tick... personally positioned short from the area - gives me downside cover against my spot play. What matters now is the character of any sell-off. Do we roll over with momentum and acceptance lower, or spend the coming weeks ranging and distributing? The measured move on this rally is similar to March- April 2022 - but the macro structure coming into the respective lows is significantly different to that of 2022. I'm increasingly interested in whether we're beginning to develop a much larger, multi-month structural range between the 60s and 120s. If so, the environment becomes far more rotational, plenty of opportunity on both sides rather than a market that demands a persistent directional bias. That's currently where I lean. The alternative is equally simple: this is consolidation before another leg higher. 125s remains my line in the sand above here and I flip - back under again... will sell again

First month back trading crypto perps... excluding spot plays/accounts. +22% account growth vs my usual 6–7% monthly target. -6% max peak-to-trough drawdown on uPnL. Too early to put much weight on Sharpe/Calmar, though Sharpe has held around 4+. That’ll normalise with a larger sample. Traded like dogshit by my own standards, but stuck to the rules and kept risk sensible. I always tend to warm up on the first month back prior to increasing acc size. Its not flashy, but steady honest work, me against myself... earning the right to scale up the account size. Bring on Q4...

In the digital space I feel like I’m forever having to dodge bullets for the last 10 years, whether it’s cascading liquidation events, exchange hacks and shutdowns, phishing links, drained wallets, and the constant risk that comes from poor security practices, especially when it comes to how seed phrases are stored. The recent Coldcard attack, caused by a firmware bug that left seeds with critically low entropy, only reinforced something I’ve believed for a long time tbh… it’s essential to truly understand how any hardware wallet generates its seed before you trust it with real funds or even your own for that matter. Deciding on what hardware wallet and security measures is one the key areas of trading and investing in digital assets where I’ve always been strict. Could you trust a bank with poor security protocols with your funds ? I’ve always been a believer in multisig setups for longer-term holdings… A minimum standard is a multisig 2-of-3 or 3-of-5 setup using BIP39 and a passphrase that has at least 128 bits of entropy. For trading capital I keep things simpler with several air-gapped offline wallets, BIP39 but with a secure bit entropy passphrase. I also make sure the seed isn’t generated solely from the device’s TRNG (True Random Number Generator), the dedicated hardware circuit that creates genuine randomness from physical sources. Relying only on the device’s TRNG leaves you exposed if that hardware ever fails or is bypassed by a bug, so I always opt for additional layers of entropy as a safety net (some hardware wallets add a couple of layers on top during seed phrase creation / generation). If you’re setting up your own storage, I’d strongly recommend taking the time to understand exactly how your wallet provider creates the seed phrase, and creating a passphrase with at least 128 bits of entropy as the baseline. I’m no security expert but I’ve done my fair share of personal due diligence - and if non of the above makes sense… then it’s probably worth dedicating some time towards securing your funds moving forward…

study this intensely

you have saved my portfolio too many times. you should open up subscritions on X

$BTC This wouldnt surprise me tbh