577
Peter Kim

@peter #577

building @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com
16030 Follower 509 Following
chilling with mt fuji-san
calling @alfaca on $SQDGN

to be built ai trading agent that combines LLM driven onchain analysis (via SQD network) with swarm intelligence (via prediction markets)

suffered an 80% drawdown on a botched announcement

like the risk reward

NFA, DYOR

0x4674F73545F1db4036250ff8C33A39ad1678D864

https://github.com/sqdgn/whitepaper/blob/main/SQDGN_Whitepaper__formatted_0.1.pdf
finding the right play is only 25% of the battle, anyone can do it with enough effort. holding and not trimming too early on the run up is the difference between a good cook versus a generational cook

I am continuing to study conviction

@alfaca coming soon
be a thesis driven memevestor
I think people are going to like the thing we ship this week

@alfaca
so many opportunities daily, but as a famous investor once said

only when the tide goes out do you discover who's been swimming naked
Claiming my @socialtoken airdrop and crediting @ace with my social airdrop
keep a trading journal

write down your thesis of why you decided to buy a coin and when you want to start trimming

when price goes up, stick to what you wrote down and start trimming

when price goes down, revisit your thesis and see if anything changed before cutting losses

it's harder to do this when blindly copy trading or apeing into things because you have no conviction of why you're buying
one of my best executed cooks since I started doing this for fun while researching for @alfaca

lessons learned:
1. be early to the narrative
2. trim when others are euphoric
3. always leave a moonbag

👨‍🍳 more cooks coming soon
get back to work @clanker!

😂
lore being created by @tonydiuto conversing with @aethernet

bleat bleat 🐐
Big Solana KOLs I follow are starting to call $LUM

you can’t beat lore and narrative
mistakes were made in a wallet I control

will do a writeup on my thought process on why I exited this position early later

on to the next one... 😭
good thesis

study financial nihilism
friend sent me a list of altcoins and asked for my thoughts. below is my maybe controversial response

I loosely hold this thesis and acknowledge there are many edge cases that contradict it. But there are lessons to be learned all the way back from the GameStop saga to pump.fun making $180m so far this year.

financial nihilism in the 2020s will be studied one day
The power of a binance listing

fwiw, I sold for a 30% profit on the day it launched 🫠

onto the next one
why I think copy trading won't scale over the long run

below post is from a very good trader I follow