1/ Some things *I think* I’ve learned messing around in crypto for the last 12 months.

2/ 🎲 These markets are *not* efficient.

Smaller, new tokens are explicitly manipulated and the lack of shorting leads to exponential price moves.

3/ 🏦 CEX listing events are historically bearish.

More liquidity plus shorting pressure invites greater efficiency, which is the killer of exponential moves.

4/ 🐳🦈🐠🎣🍣 Understand where you are in the information food chain.

Unless you have good reason to believe you’re early, assume you’re late.

(And, therefore, the exit liquidity.)

5/ 🤏 (Position) Size matters.

For stuff I expect to go exponential, I find selling in line with logarithmic moves a useful framework.