ribtip @rib_tip

One of my IRLs dropped out of an upcoming trip because of some unexpected expenses. The expenses were within the $100s. Not talking shit on them AT ALL, it's just insane how many of us can shrug that off and would be disappointed even if it was our daily trading PNL. Just a reminder to never take any of this for granted; most people would kill to be in our positions.

1 0 6 635 0

View Details

ribtip @rib_tip

6 months ago

@HalibutCrypto trying to get like u

0 0 0 72 0

View Details

ribtip @rib_tip

6 months ago

For someone that's full-time crypto, I consider myself very risk-averse ironically enough. I have a systemic approach to risk management that I rarely deviate from, especially during a risk off environment. This obviously will limit upside, but limiting the downside is more important to me. Certain things such as: - Taking a break on trading wallet drawdowns of ~30% if I'm going on a bad run in a session. - Stabling heavy when euphoric and wallet has doubled/tripled in a short period/few trades. - Never having more than 5% Port/NW in my trading wallet (this especially helps when having an inevitable emotional revenge trading day) This is well aligned with my trading style considering I am pretty much just a scalper/swing trader in this market. I feel as we reach what everyone believes is the tail-end of the cycle, it's important to have a system in place to essentially make it impossible to round trip most of your gains up to this point. I pretty much had this system in place even when the market was euphoric (which left a LOT of money on the table) but it helps immensely with the mental when you pretty much have to succeed to survive. Strongly suggest having some type of system in place even if mine is not aligned with your trading style.

4 0 20 1K 3

View Details

ribtip @rib_tip

6 months ago

@trenchesborn ❤️

0 0 1 91 0

View Details

ribtip @rib_tip

6 months ago

@prxnterr ur himmmm

0 0 4 333 0

View Details

ribtip @rib_tip

7 months ago

@trenchesborn Real

0 0 1 239 0

View Details

ribtip @rib_tip

8 months ago

@TonkaTruckEth W

0 0 1 113 0

View Details

ribtip @rib_tip

8 months ago

@prxnterr Did it once, you’ll do it again bro

0 0 2 161 0

View Details

ribtip @rib_tip

9 months ago

@HalibutCrypto Thanks bro 🙏

0 0 0 105 0

View Details

ribtip @rib_tip

10 months ago

Trading on chain is pretty much like one big global video game. We all log on everyday and hop on these group calls with a bunch of online friends and spend the entire day just grinding levels and trying to win each trade. There will come a time when this isn't the norm anymore and it'll be like that meme where everyone is sad about how they wish they could hop back on the game with the boys one last time. The day will come where we can only reminisce and just look back at this part of our lives and think "damn, what I would give to have it back." But that day isn't here yet, so stop fucking doomposting and enjoy it while we still have it.

2 2 25 2K 4

View Details

ribtip @rib_tip

10 months ago

Sentiment seems pretty low for onchain in all of my groups. I believe there will still be opportunities, although obviously less than prime conditions. The market honestly still doesn't seem worse than it was post-libra; and that is around the time I went full time trading. Still money to be made in a slower market, I believe it will still be +ev for the majority of market participants to stay on (especially smaller port).

1 1 14 1K 1

View Details

ribtip @rib_tip

10 months ago

@TheSavant0X Why is my dev awake rn

0 0 1 191 0

View Details

ribtip @rib_tip

10 months ago

It’s so crazy that if you’re - In the crypto space - Consistently profitable on a longer time frame regardless of current profits - Improving your general trading abilities and profitability as time passes —- You’re pretty much guaranteed to become a top 10% earner. 6 figures is essentially guaranteed and 7 figures isn’t even unrealistic. You’ll really be able to just click buys and sells anywhere in the world with a laptop and out earn the majority of the world: working a job, bound to a time and location. Obviously, it’s no easy feat to become part of the small population that fall into this category. But you’ll definitely know if you’re on the path or not. So blessed/grateful