Seth Walsh
The man in the mirror is my only threat
Contributor
- Joined
- Jan 12, 2020
- Posts
- 7,243
- Reputation
- 12,894
So. The Cryptocurrency markets have been ranging since circa March 2024.
My story.
As you all know, and as provable though my post history. You all know I started buying up Solana in January 2023. I started with very little money. Just hundreds of dollars.
In May 2023 I put $1000 into Solana and stuck to a very rigid system where I'd go long/short whenever price broke above/below the 200-day moving average line.
I made money. Thousands. I was levered up 3-5x and stuck to my trading rules.
In short, I ended up staying long Solana and started pyramiding (upping my leverage) as price picked up. By Oct-Nov 2023 I had waited 5-6 months and I was up 50-60% from my average entry point on the spot level. But I was levered almost 10x at that stage. Very aggressive approach but my unrealized P&L was something like $35k off of a $4-5k trade.
Then December 2023 happened. Price shot up. I kept pyramiding (https://www.investopedia.com/terms/p/pyramiding.asp) and made myself a millionaire. Not entirely on the Solana trade, but a lot of the profit contribution came from another $40k 5x levered PancakeSwap trade which I made a few hundred K off.
2024 was harder. I kept my risk up. Markets got choppy and more volatile.
I remember losing more than my yearly salary in less than an hour in Feb 2024. Went to the bathroom to puke, got back to work. And stayed out of the market.
March - present has just been choppy. You cannot predict the market. That's rule #1.
People constantly ask for "signals" or "setups". But I can't do that for you. See that uptrend? That's where I made all the money. When the market gets choppy and volatile you get out.
Some people always ask me about a "trading guide". It's as simple as being patient and being good at managing risk and au fait with the trials and tribulations of trading. Fortunately, I have that.
I will never "sell" signals. I don't know anything more than JoeSchmoe.
I've been asked in DMs by over a dozen people about trading for them. I'll do it but only in a Fund structure where I take 5% of the funds per year as a management fee and a 50% incentive fee over the high water mark. It's also not worth it for me if I don't have enough money to trade with, as I have a very demanding career.
But if people want to come together to make money with me, then perhaps something can get set up. Sure, there's thousands of registered members on here who'd want nothing more than to have their money put to good use.
If you're not interested and just want to know why I haven't been "making calls", it's because the markets have been ranging for the past 6 months. Somehow since then I've been able to spot huge moves (idiosyncratic trends) such as Highstreet. But ideally you only want to trade in a TRENDING market. I hope that resonates and hits home.
My story.
As you all know, and as provable though my post history. You all know I started buying up Solana in January 2023. I started with very little money. Just hundreds of dollars.
In May 2023 I put $1000 into Solana and stuck to a very rigid system where I'd go long/short whenever price broke above/below the 200-day moving average line.
I made money. Thousands. I was levered up 3-5x and stuck to my trading rules.
In short, I ended up staying long Solana and started pyramiding (upping my leverage) as price picked up. By Oct-Nov 2023 I had waited 5-6 months and I was up 50-60% from my average entry point on the spot level. But I was levered almost 10x at that stage. Very aggressive approach but my unrealized P&L was something like $35k off of a $4-5k trade.
Then December 2023 happened. Price shot up. I kept pyramiding (https://www.investopedia.com/terms/p/pyramiding.asp) and made myself a millionaire. Not entirely on the Solana trade, but a lot of the profit contribution came from another $40k 5x levered PancakeSwap trade which I made a few hundred K off.
2024 was harder. I kept my risk up. Markets got choppy and more volatile.
I remember losing more than my yearly salary in less than an hour in Feb 2024. Went to the bathroom to puke, got back to work. And stayed out of the market.
March - present has just been choppy. You cannot predict the market. That's rule #1.
People constantly ask for "signals" or "setups". But I can't do that for you. See that uptrend? That's where I made all the money. When the market gets choppy and volatile you get out.
Some people always ask me about a "trading guide". It's as simple as being patient and being good at managing risk and au fait with the trials and tribulations of trading. Fortunately, I have that.
I will never "sell" signals. I don't know anything more than JoeSchmoe.
I've been asked in DMs by over a dozen people about trading for them. I'll do it but only in a Fund structure where I take 5% of the funds per year as a management fee and a 50% incentive fee over the high water mark. It's also not worth it for me if I don't have enough money to trade with, as I have a very demanding career.
But if people want to come together to make money with me, then perhaps something can get set up. Sure, there's thousands of registered members on here who'd want nothing more than to have their money put to good use.
If you're not interested and just want to know why I haven't been "making calls", it's because the markets have been ranging for the past 6 months. Somehow since then I've been able to spot huge moves (idiosyncratic trends) such as Highstreet. But ideally you only want to trade in a TRENDING market. I hope that resonates and hits home.
Last edited:
