Read on Twitter
Here are some short threads, each detailing a recent-ish trading situation and how Alameda handled it. Each is an example where we either made a great decision because we got it in good, or realized we screwed that up in retrospect:
When OKEx's withdrawals got blocked, many in the space panicked -- how did we decide what to do? https://twitter.com/AlamedaTrabucco/status/1349538670550806530?s=20
During the week or so when lots of news about XRP was coming out, we realized early on it was reacting kinda ... idiosyncratically. What did we do in response? https://twitter.com/AlamedaTrabucco/status/1349538828667678720?s=20
BTC's price has been in a sort of specific paradigm for the past few months -- and we felt like we REALLY understood it around a few price levels. How did we choose how much to bet? https://twitter.com/AlamedaTrabucco/status/1349539011358908417?s=20
I'm kinda just poking the bear with this one.
But the bear is like, right there. And this stick was expensive!
How do we decide how much USDT to create?
https://twitter.com/AlamedaTrabucco/status/1349539266158706689?s=20
But the bear is like, right there. And this stick was expensive!
How do we decide how much USDT to create?
https://twitter.com/AlamedaTrabucco/status/1349539266158706689?s=20
And, one of my favorite (and most baffling) trades ever -- how have we optimized around the crazy TRUMPFEB trading during the past few months? https://twitter.com/AlamedaTrabucco/status/1349539431586295810?s=20
We knew we had edge -- HUGE edge, maybe -- in all of these cases. Making ... 10? 100? More? Times as much on a trade where we KNOW that? That's worth a TON! And figuring out how to size our best trades up is as critical as finding them, often WAY more so.
Edge is precious, and when you've got it it's so important to leverage it. A good trader figures out their edge and makes money from it -- to be the best, you've gotta know when to size up. Getting it in good? That's good! But getting it ALL in GREAT? That's even better.
