This is a useful thread for understanding the dynamics of pump n dumps on crypto (not memes but the principles are the same When someone is dumping in size you nearly always see this disconnect between spot and perps DWF labs are behind it so there's more of them coming

This is a fantastic article from the great Euan Sinclair If you read my recent thread on stop losses, this is much better and shorter

Daytrader Twitter is fascinating because there appears to be a genuine widely held belief that it’s possible to have something approaching a 100% daily profitability rate click trading futures with 4 figure account equity?

A “good” IC for trading ES futures directionally with a one hour holding period is 3-4% so if you figure one hour volatility of 33 bps you have a bit over 1bp of edge (also there are trading costs of at least a quarter bp, so call it 1bp of edge).

lil.btc.HL 1) pick a ticker with low vol and barcode price action 2) small swarm orders + scale limit not far from price 3) observe… im sure you understand what to do next

Making a few audio clips from the Q&A portion of the last webinar. I'l share here as I make em, but they're on YT for posterity "Where the bodies are" -- why I don't like skew as an option signal

The easiest win in options

study orderbook reactivity vol spike in a thin book, makers pulled, spread widened, inventory got distributed, then mean reversion

A nice way to get quick context is whenever you look at a 5d return (a typical choice on charts) is to multiply by 7 to annualize that into a vol GLD has a risk premium in the vol if you sample daily but goes away if you look over a week

Time for a new Beni alpha thread I’ve already broken down how to write a strong cold outreach email But the truth is… sometimes an email just isn’t enough So let’s talk about what I consider to be the single best outreach method out there: Permissionless Marketing 1/x

1/12 New article drop: "Hyperliquid Carry Looks Trendy" (Noticing things and asking why leads to insight) Check this out: Same carry strategy, completely different results on Binance vs Hyperliquid:

Probably the best episode I've heard from this pod. G O O D S T U F F

gLorisTools have had a handful of people over the past few months point out bugs / discrepancies on loris [dot] tools i really appreciate it the fixes are usually quite easy for me - updated endpoint, different response formatting, rounding errors, etc. these types of things

fwiw i vibe coded this tool in Claude to help understand claude.ai/public/artifac…

yesterday the vibe-coded tool i showed was with gemini gemini.google.com/share/f34193af…

Anyone wanna test a put-call parity speed game I vibe-coded? It's a replica of the one we trained on an eon ago. claude.ai/public/artifac… Oh and just for a frame of reference, Tina could do 15 of these with 100% accuracy in under 30 seconds

This is a must play game/trainer for any junior at a market making firm or someone who wants to cosplay as one :) I remember obsessively playing this as a junior to both hone my mental math skills and also differentiate myself from the other assistant traders. There was a top 10

Currently talking a lot with people about pairs trading and stat arb. Did I make the green bit in this slide too big?

finding an edge 101 it always starts with paying attention. if you know how something should work, you’ll notice the moment it doesn’t. that disconnect is your window. your job is simple… step in, make it function as it should, extract the mispricing. that’s all an edge is.

When I was trading trainee we used to play a put/call parity game to sharpen our mental arithmetic. I used to get perfect accuracy in the 30-40 second range at my best. Good but not unusual. Tina  was the firm champ. ~ 18 seconds. Just over 1 second per question.