This is mostly a thread on reminders to myself relating mostly to the former.
Crypto trading - some personal takeaways from 2020
This is mostly a thread on reminders to myself relating mostly to the former.
Confirmation bias (ignoring contrary signals), anchoring bias (married to entry, trading PnL), sizing too big on low r/r trades, hesitating to buy cheap assets because "it's fallen/rallied too much".
/1
Constantly question whether you have done all you could to maximize returns in the past month/quarter. Review all tools at your disposal (vol strats, momentum strats, fundamentals) but don't Dunning-Kruger yourself. There are no jack of all trades.
/2
Don't regret missing out on a few trades/ investments. Better to win big on 1 high conviction idea then win big on 100 small ones. Be ok with missing out but be ruthless with not learning from it.
/3
Optimize for 4-5 GREAT decisions a year over 50 mediocre decisions. If you're on tilt or in a rut, doubling down will compound your losses. Take time off, re-assess your strategy, then return. The market will always be here.
/4
Re-read Fooled by Randomness. One good investment is a lucky bet. One good quarter doesn't make you a fund manager. Find out how to be consistent and constantly evolve this.
/5
Everyone talks their books. Recognize who is only out to "pick your brain" with no intention to reciprocate. Watch out for groupthink, but play iterative games with long term people. Always seek dissent, but ignore uninformed people with loud voices.
/6
Trading is exchanging time for money. Investing creates wealth when you sleep. Former is what you know. Latter is what you know and who you know. These skills seem ostensibly similar but require different inputs to nurture.
/7
Crypto is small; place your reputation above all else. Never let short term profits, regardless of how enticing, come before decisions that optimize for longer term value creation.
/8
@Arthur_0x @AviFelman @HassanBassiri @ConvexMonster @CL207 @Rewkang @MapleLeafCap @lightcrypto @Daryllautk @Darrenlautf
More from Crypto
Lots of people are sleeping on one the biggest things @quant_network is currently involved in-ODAP (Open Digital Asset Protocol).
So what is exactly #ODAP and why this makes $QNT one of the most significant and, regarding #crypto mcap, undervalued projects?
Time for a THREAD⬇️
1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT
2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.
3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:
✅@MIT
✅@intel
but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.
4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️
So what is exactly #ODAP and why this makes $QNT one of the most significant and, regarding #crypto mcap, undervalued projects?
Time for a THREAD⬇️

1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT
Attending @ietf 109 to discuss our ODAP proposal with @MIT today. We\u2019re in the secdispatch session. They even have a virtual conference centre. #IETF109 https://t.co/2i9d5JxtR0 pic.twitter.com/osv2LCEUGx
— Gilbert Verdian (@gverdian) November 16, 2020
2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.

3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:
✅@MIT
✅@intel
but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.

4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️
The #Blockchain Revolution and Economic Changes
— Real Vision (@RealVision) October 28, 2020
What kind of world does @gverdian envision? How will @quant_network change the existing structure to benefit us all?
Real Vision journalists examine @gverdian & @Santiag78758327 latest interview.https://t.co/dfDAjDFbF3
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Following @BAUDEGS I have experienced hateful and propagandist tweets time after time. I have been shocked that an academic community would be so reckless with their publications. So I did some research.
The question is:
Is this an official account for Bahcesehir Uni (Bau)?
Bahcesehir Uni, BAU has an official website https://t.co/ztzX6uj34V which links to their social media, leading to their Twitter account @Bahcesehir
BAU’s official Twitter account
BAU has many departments, which all have separate accounts. Nowhere among them did I find @BAUDEGS
@BAUOrganization @ApplyBAU @adayBAU @BAUAlumniCenter @bahcesehirfbe @baufens @CyprusBau @bauiisbf @bauglobal @bahcesehirebe @BAUintBatumi @BAUiletisim @BAUSaglik @bauebf @TIPBAU
Nowhere among them was @BAUDEGS to find
The question is:
Is this an official account for Bahcesehir Uni (Bau)?

Bahcesehir Uni, BAU has an official website https://t.co/ztzX6uj34V which links to their social media, leading to their Twitter account @Bahcesehir
BAU’s official Twitter account

BAU has many departments, which all have separate accounts. Nowhere among them did I find @BAUDEGS
@BAUOrganization @ApplyBAU @adayBAU @BAUAlumniCenter @bahcesehirfbe @baufens @CyprusBau @bauiisbf @bauglobal @bahcesehirebe @BAUintBatumi @BAUiletisim @BAUSaglik @bauebf @TIPBAU
Nowhere among them was @BAUDEGS to find
