In the crypto field, if you don’t have an advantage, you’re just a sheep among the crowd.
Don’t let the bull market slaughter you.
Here are ways to find your edge:
1. Develop Your Advantage
Most advantages are cultivated rather than discovered.
They come from continuous learning, curiosity, and observation.
Study your psychology, take smart risks, and surround yourself with supportive people.
2. Learn Like a Sponge
Be a sponge.
Absorb a wealth of public knowledge—books, papers, articles, podcasts.
Remember, you are not limited to the present; history is filled with human talent and lessons.
3. Creativity
Public ideas can only take you so far.
The real magic lies in combining public ideas with your own experience.
Innovate by tweaking and personalizing ideas to fit your goals.
This is crucial in the rapidly changing crypto world.
4. Personalize Your Plan
As you learn and grow, gradually build your personal trading profile.
Identify your strengths and weaknesses.
Explore trading styles that suit your personality and time frame.
5. Types of Advantages
To inspire your thinking, here are some categories of advantages in the crypto field:
- Information-based: Timely information, in-depth research.
- Analytical: Technical Analysis (TA), Fundamental Analysis (FA), sentiment, narratives.
- Behavioral: Risk and emotion control.
- Social: Regulatory knowledge, networking resources.
6. Stress-Test Your Ideas
Once you find your advantage, subject it to extreme stress to see if it holds:
- Turn your ideas into strategies.
- Backtest historically.
- Check for biases.
- Forward test.
This may be tedious but is crucial for solidifying an idea.
7. Sample Size
Ensure you have enough data to test your advantage and identify patterns.
This includes the number of projects, time frames, and project types.
Let sample size and probability do the heavy lifting for you.
8. Crypto Principles
In addition to testing your advantages, consider these key crypto principles:
- Simplicity is more powerful than complexity.
- Crypto assets are highly reflexive.
- BTC is in a macro uptrend (constantly rising).
- Altcoins operate in the attention economy.
9. Start Slowly and Focus on Consistency
When applying your advantage in actual trading, gradually increase risk or trade size.
This helps avoid burnout and makes progress more sustainable.
Maintain a trading journal to record successful and failed trades, and the lessons learned.
10. Patience and Persistence
Sustained profitability doesn’t come overnight—it’s a gradual accumulation process.
Finding your advantage often requires discovering what strategies don’t work.
Don’t give up easily; keep learning and improving.
GCR: “The worst thing you can do is give up/ check out; compounding losses with future losses in opportunity; regardless of your remaining equity, familiarity with the scene is invaluable.
Survivors will be rewarded.
The casino thesis is unchanged; central banks wont be tight forever”
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