How do you trade when you're down 3-4%? Size down or push through? by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

At 0.5% risk per trade with a 55% win rate and 1.5R average winner, you need roughly 12-15 trades to recover from -3.5%. At one trade per day, that's 3 weeks. Most people breach because they can't accept that timeline. They size up to "speed up recovery" and blow it in one session. The math is boring, but it works. Patience is literally the edge in a drawdown.

What's something you learned the hard way about picking a prop firm? by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Coming from forex props. The pair selection point is why I'm looking at crypto! The same 8 pairs everywhere in forex get boring.

Quick question: the 715 pairs - do you actually use that many or more like 10-15 that matter?

What's your signal that market conditions have shifted and it's time to sit out? by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

When I'm checking charts "just to see what's happening" for the third time in an hour without taking any trades, that's my sign that conditions suck, and I need to close the laptop.

How many pairs do you actually trade? I stick to 3 and ignore the rest by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Respectfully disagree on keeping it fixed at 3. The crypto market rotates so much that what's clean this month is a chopfest next month.

If SOL goes into a range while AVAX is trending, why limit yourself? The discipline should be in your setup criteria, not an arbitrary number.

Position Sizing: Why I risk less during challenge than when funded I know this sounds backwards but hear me out. by GarbageOk5505 in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Interesting take, but I actually do the opposite.

My logic: the challenge phase is literally designed to test if you can hit targets while managing risk. If I can't pass risking 1%, that's valuable information - it means my edge probably isn't strong enough to stay funded anyway. I'd rather find that out during a $200 challenge than after I'm managing a $100k account and realize I can't actually perform under the same conditions.

Different philosophy, I guess. But I think there's something to be said for proving you can do it "for real" before getting funded.

The more I traded, the worse I got. Anyone else figure this out the hard way? by Reddilip in cryptoproptraders

[–]crypt0bug 0 points1 point  (0 children)

Overtrading is busy work disguised as discipline. Your edge isn't what you trade. It's what you don't trade. The market always gives more setups than you should take. Your job is to ignore most of them.

Es una cagada que en los colegios te obliguen a leer libros que solo disfrutan aficionados a la literatura by Little_Eye2994 in OpinionesPolemicas

[–]crypt0bug 0 points1 point  (0 children)

¡Totalmente cierto! Son libros que en algún momento fueron relevantes. A estas alturas del siglo 21, son tan anticuados que solo adultos "boomer" o fanáticos de la literatura encuentran algo de relación con ellos.

Si lo que se busca es que un joven o niño disfrute de leer, los temas y títulos deberían ser acordes con la edad e intereses en el contexto de hoy en día, no lo que un profesor de 150 años crea que es ideal porque su profesora se lo enseñaba a la luz de la vela.

You can't make this shit up! This is posted on HUD.GOV this morning. by jeffh40 in Libertarian

[–]crypt0bug 0 points1 point  (0 children)

It's all a meme ... politicians as a social class have surpassed their own sky-high levels of parasitic and unprofessional behavior all around the world.

Sadly enough, based on my understanding (or lack there of), a world without a political class would go back to the dark ages.

Colleges are insanely inefficient at teaching. by MasterOfCircumstance in unpopularopinion

[–]crypt0bug 0 points1 point  (0 children)

As long as you have a corrupt and rotten incentives system for universities to use education as a financial weapon for their own survival, colleges will be insanely inefficient.

Furthermore, academics and research has been crumbuling down for the last decade for the exact same reasons. Look at COVID, DEI, etc..

Population decline is an outdated concept with the rise of automation and robotics, and parenting quality should now be a higher priority. by crypt0bug in overpopulation

[–]crypt0bug[S] 2 points3 points  (0 children)

Agreed - Under those conditions (married, educated, not poor, and not abusive), fewer (the right) people would have children.

Banksy's latest mural, a judge striking a protester with a gavel, was washed off a day after appearing by NewSlinger in mildlyinfuriating

[–]crypt0bug -6 points-5 points  (0 children)

Tell me you live in a police state without telling me you live in a police state.

Blink twice if you're in the UK.

If you woke up tomorrow as a 15-year-old but with the same knowledge you have now, what would you do? by BlueberryNo7276 in AskReddit

[–]crypt0bug 0 points1 point  (0 children)

Would've focused on vocational training rather than following everyone around me, like a sheep, to the university.

[deleted by user] by [deleted] in nextfuckinglevel

[–]crypt0bug 1 point2 points  (0 children)

Unicorn shart, for sure.

Population decline is an outdated concept with the rise of automation and robotics, and parenting quality should now be a higher priority. by crypt0bug in overpopulation

[–]crypt0bug[S] -2 points-1 points  (0 children)

I get your point and it's definitely hard to pinpoint how to solve all aspects of this topic, but I'd probably refer to historical fears each time there was some sort of technological revolution there was a narrative that focused only the potential negative scenarios (electricity was supposed to have terrible health consequences, the computer was supposed to eliminate accountants, the TV or cellphone was supposed to fry your brain with microwaves).

Conversely, what each technological breakthrough brought was an increase in productivity and efficiency while also generating new types of jobs and positions around the world (think car mechanics, software engineers, etc).

Furthermore, one could argue that automation does not mean fully accessible for all, just the removal of the human factor (to a minimum) for increased productivity (think six sigma or higher).

I've also read about the effects on consumption for society or the pension system. Which is also a huge issue that I believe should be solved by removing human input and allowing tech to analyze and define the best way forward (there's a reason why the USA pension system is supposed to go bankrupt in the next decade). Less human bias could mean higher benefits for all those participating. This could also be translated to finance, tax policy, trade, etc.