Scott Phillips Profile
Scott Phillips

@ScottPh77711570

5,939
Followers
1,078
Following
1,411
Media
17,438
Statuses

trend tradoor/degenerate shitcoin gambler/rtrd/acc market timing in the streets/risk premia between the sheets

retardio
Joined June 2021
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@ScottPh77711570
Scott Phillips
1 year
I live with my mother-in-law (common in Asia) She noticed I always order chicken with cashew nut and she didn’t know how to cook it (it’s not spicy so she doesn’t eat) She spent the day consulting with other grandmas to make the best version she could Love this woman mak mak
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@ScottPh77711570
Scott Phillips
6 months
Some shitcoin trend stuff that might not be common knowledge. All of this comes from @therobotjames btw, obviously I’m too dumb to have figured it out alone 🧵1/n
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@ScottPh77711570
Scott Phillips
2 months
Big milestone for me today. 10m AUM in altcoin trend The idea of doing this seemed so far beyond my capabilities when I started You can just fuck around and find out stuff. And smart people will help you if they see you are sincerely trying
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@ScottPh77711570
Scott Phillips
2 months
There’s quite a lot of hype around the CTA’s which got a chunk of the cocoa trade There’s some truly retarded nonsense going around (even for trend followers) especially about the one manager who beat everyone this month Let's wash our brains out with soap 1/
@therobotjames
Robot James 🤖🏖
2 months
many people are extremely confident in the magickal diversifying qualities of trend-following right now. interesting.
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@ScottPh77711570
Scott Phillips
11 months
@sama The view on it from the professional side is more nuanced. "money is hard to make in markets" "predictable things about price are incorporated into price" "inefficiencies exist, but only to the level needed to pay people to remove them"
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@ScottPh77711570
Scott Phillips
22 days
If you get down on yourself for losing money trading, just remember there is a whole subculture of people who think becoming "a funded trader" is a real thing and not a total scam
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@ScottPh77711570
Scott Phillips
3 months
My momentum algo positioning on a random selection of altcoins It's a portfolio optimized average of 6 different momentum measures, each with an optimized (after costs) average of 6 lookback periods The idea is that there is no "best" and an average probably wins 🧵1/
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@ScottPh77711570
Scott Phillips
8 months
Paul Mulvaney you absolute Chad
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@ScottPh77711570
Scott Phillips
5 months
My wife and I sat her mother down after the last bull and told her she doesn't have to farm rice in the hot Thailand sun anymore and all she has to do is play with her grandkids and get waited on in comfort and ease Felt like a real man that day. 10/10 reccommend
@daaniyaan
Ariyan
5 months
this video from @cobie really hits the mark, especially the part about parents and how we got scammed, not getting to experience their true personalities while growing up.
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@ScottPh77711570
Scott Phillips
1 year
@_d3f4ult @currousity @Iucidtrades Bro you know there are actual professionals reading this, right?
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@ScottPh77711570
Scott Phillips
11 months
I actually kinda like Joe Rogan, I've got a bunch of irl BJJ friends who know him and say he's cool... But this take is bang on
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@ScottPh77711570
Scott Phillips
3 months
My darling wife insists that we can’t build out new house out of antique teak wood “That’s gonna bring ghosts, you stupid farang” I find this stuff so adorable. Thai culture truly is alien
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@ScottPh77711570
Scott Phillips
8 months
I was today days old when I learned you can bypass paywalls by pasting the url into
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@ScottPh77711570
Scott Phillips
3 months
I promised my sales team a 20k budget for hookers and blow in Thailand (plus airfares and accommodation) if they hit 1m cash collected for March There’s something magical about young men with a dream
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@ScottPh77711570
Scott Phillips
9 months
@Bonecondor @velocirapteh Is this a consequence of social media and not wanting to be labeled as a creep?
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@ScottPh77711570
Scott Phillips
1 month
In Thailand (where I live) the culture wars never happened This isn't a dude in a dress, or a statement about politics. It's a ladyboy, and she's hot and clearly a nice respectable person, and isn't pretending to be anything she's not
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@ScottPh77711570
Scott Phillips
11 days
Grandad watching Muay Thai on the box Thai tings innit
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@ScottPh77711570
Scott Phillips
3 months
A thousand times, this It’s LUDICROUS that *I* would build CTA systems Most of my adult life was spent dealing drugs, cooking drugs, smuggling drugs, loan sharking to drug dealers, or doing various scams and making porn, and in jail You can just do what you wanna do Fuckem
@therobotjames
Robot James 🤖🏖
3 months
don't let serious people stop you from doing things you can just do things. no-one can stop you.
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@ScottPh77711570
Scott Phillips
10 months
@wagieeacc @ChrisJBakke @MartinShkreli @X @elonmusk I like the redemption arc but you disrespected the Wu Tang clan
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@ScottPh77711570
Scott Phillips
6 months
Returns on Trend system since switching to a new Bybit account in April Vol target 45% - realized vol 47% which I'm happy with Sharpe 1.48 - still a lot of juice to squeeze but I'll take it 1/
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@ScottPh77711570
Scott Phillips
2 years
@Rippenliu @naval I have 15m views on quora, I was in there early and developed a large following It's a terrible terrible community, moderation a nightmare. Epic, cautionary tale fail
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@ScottPh77711570
Scott Phillips
20 days
I was WRONG. I jumped on a quick zoom call with @tradernickfx he showed me his account Pretty sure he wasn't tricking me, and I'm a suspicious motherfucker His account is 36% higher than the total deposits over the last 4 years, which for FX is pretty good I think he's legit
@tradernickfx
TraderNick
20 days
Hey @ScottPh77711570 - here’s 4 years of my trading performance on a US regulated brokerage. I recently made a login video clicking through my entire trading performance on this account, month by month. Here is the link: While I highly encourage people
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@ScottPh77711570
Scott Phillips
10 months
It's Mothers day in Thailand and my wife and daughter dressed in matching outfits with Dinos on the skirt Its the little things, right?
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@ScottPh77711570
Scott Phillips
15 days
That’s a stone cold banger
@packyM
Packy McCormick
15 days
Little known rule. If you average 66% returns for 30 or more years, god lets you play with the lights on your first night.
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@ScottPh77711570
Scott Phillips
6 months
Systematic thangs a retail schmo could do TODAY to print money from the brypto mines 1. Buy everything 5 days from a 20 day high 2. Long 3 coins with lowest avg funding rate, short 3 coins with highest funding 3. Wait for liquidations and scalp opposite direction h/t James
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@ScottPh77711570
Scott Phillips
7 months
I run CTA style automated trend following on altcoins for clients, and they can choose their own vol target One of my buddies has a teenage son, he had $200 to put in and we let him run it at 100% vol (which is mathematically illiterate) because learning about vol drag is good
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@ScottPh77711570
Scott Phillips
2 years
@ChrisJBakke @SBF_FTX This is reply guying done exceptionally well. Take a bow
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@ScottPh77711570
Scott Phillips
23 days
For those who don't know, @macrocephalopod is *by far* the most knowledgable trend following practicioner on FinTwit My own system is a mashup of his threads and @investingidiocy 's system with help from @therobotjames The replies in this thread are some shameful shit
@macrocephalopod
cephalopod
2 months
Trend followers are probably pretty happy with the cocoa positions right now, but it's been one of the worst assets for trend following historically. If you'd traded a 5d/65d EMA crossover for the last 40 years, your equity curve would have looked something like this.
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@ScottPh77711570
Scott Phillips
4 months
There are 4 traders who have had an outsized effect on my career, and the most important, by far, is James On this Australia day show some appreciation for one of the truly great Australian traders And we appreciate the effort made in hair styling today, mate
@risk_biscuits
Risk Biscuits
4 months
🔥Interview #10 - @therobotjames I interview James ( @therobotjames ) from Robot Wealth. We talk all things markets including simple strategies to start your trading, more complex ideas to think about, and trusting in your trading journey.
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@ScottPh77711570
Scott Phillips
3 months
cRyPtO iS tOo rIsKy
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@ScottPh77711570
Scott Phillips
8 months
I’m a lefty who is sympathetic to green causes. Never in a million years will you useless shitcunts get my vote Who in the fuck thinks this was a good policy position to take today? Utterly brainless. Total disgrace.
@GreensNSW
The Greens NSW
8 months
Rally for a free Palestine. No war on Gaza. ✊🏽🇵🇸 5:30pm today at Sydney Town Hall Organised by Palestine Action Group Sydney #freePalestine
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@ScottPh77711570
Scott Phillips
6 months
Summary 1. Trend is a weakly predictive edge with good persistence 2. Trend is an edge virtually any way you wanna do it 3. Shitcoin trend gets worse with higher volatility 4. Shitcoin trend gets worse with lower volume 5. Vol normalizing improves signal /fin
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Scott Phillips
5 months
One of the nice things about FinTwit is the constant reminder that there’s levels to this game
@macrocephalopod
cephalopod
5 months
Something useful to keep in mind if you're using ridge regression. The normal equations are below, where the parameter lambda controls the amount of regularization.
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@ScottPh77711570
Scott Phillips
5 months
Trend system returns since switching to Binance 14th April
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@ScottPh77711570
Scott Phillips
4 months
This is a really excellent article I just read from @therobotjames biz partner Kris (not that Kris) This topic is my all consuming obsession and I learned a few really important things Reccommend for those interested in shitcoin trend and carry
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Scott Phillips
3 months
Because I’m no longer an idiot I don’t really believe you can use charts to predict price But I do believe you can see what’s happening A weather vane not a crystal ball This is what I want to see in an early stage shitcoin. Dips being gobbled up. Steady climb not pump
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@ScottPh77711570
Scott Phillips
2 months
If you are doing expected value calculations on your followers to decide if they warrant a reply… You’re a massive unfixable wankstain on the underpants of society
@AlexFinnX
Alex Finn
2 months
Interacting with the wrong accounts on X can get you shadowbanned It’s built into the code. It's called Tweepcred I’ve developed a system that ensures the people I interact with don’t hurt my reputation This has fueled my growth lately Here's my simple 3 step process:
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@ScottPh77711570
Scott Phillips
5 months
There is significant alpha in this stage of the market following non-idiots who stay on top of all this stuff These guys are the best I’ve found. Literally 6 figures of PnL this week from them alone
@blocmatesdotcom
blocmates.
5 months
Shitcoin Church Episode 6 - Shitcoin Church Episode 6 COQ WIF RPILL SEI BSSB NOLA EGGDOG INJ KIMBO WRAP
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@ScottPh77711570
Scott Phillips
6 months
What would a still retarded, but good performing shitcoin trend system look like? One that you could spin up with an excel sheet? A thread 1/
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@ScottPh77711570
Scott Phillips
10 months
@buccocapital The man who wins everything and loses his family is a loser
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@ScottPh77711570
Scott Phillips
18 days
Yesterday I lost a .1 BTC bet to @tradernickfx Re-iterating that I was totally wrong, he is legit, and seems like a nice bloke as well Here it is
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@ScottPh77711570
Scott Phillips
6 months
Local man doesn't realize that if you think a market is being manipulated you go long Or at least close your shorts ffs
@CryptoCapo_
il Capo Of Crypto
6 months
My thesis during this year has been that the move from the lows has been a bear market rally, mostly manipulated by the same people, in order to make everyone believe the bull market has already started. The truth is coming out little by little. The CFTC already alleged this
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@ScottPh77711570
Scott Phillips
2 months
Honestly CT is filled with fuckin pussies 6 months of up only and you start bleating about the end over one fucking weekend? FFS At the end of the bull market *YOU* won’t see it *I* certainly won’t and this is my 3rd one
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@ScottPh77711570
Scott Phillips
11 months
@Alkibiades_ So ladies you’re gonna have to help me out I swear, without you there’s a very real chance I might die tonight You see, ol Pedro at the bar sold me this cocaine which appears to be the purest shit this side of Medellin and there’s no way I should be left alone with it
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@ScottPh77711570
Scott Phillips
8 months
@therobotjames @DOUBLEDBIELBY04 @ClimateDefiance This is easy an easy argument to settle Make a list of all the countries without functioning and liquid capital markets Find ONE that you’d be happy with their progression as a society and economically to live in I’ll wait…
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@ScottPh77711570
Scott Phillips
4 months
@Larryjamieson_ You realize you can do both, right? Like sometimes I get up at 4am and do mushrooms and the are wearing off by the time the kid wakes up
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@ScottPh77711570
Scott Phillips
7 days
We bash fuck out of smart cunts like you, so that’s something isn’t it?
@3YearLetterman
Three Year Letterman
9 days
I literally cannot name one thing that Australia does better than America
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@ScottPh77711570
Scott Phillips
6 months
I got asked how my system works. It's pretty simple, IF number_go_up then LONG
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@ScottPh77711570
Scott Phillips
26 days
Let me get this straight 2 years of bear market, 6 months of bull and you mf's think this is all we get Dafuq is wrong with you retards
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@ScottPh77711570
Scott Phillips
3 months
Results from my trend system by exchange
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@ScottPh77711570
Scott Phillips
5 months
Merry Christmas Frens… I’ve legit enjoyed getting to know some of you this year I’ve learned a lot, and I’m a lot better than I was at kwanting and trading in general That’s mostly from you lot. I appreciate you.
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@ScottPh77711570
Scott Phillips
3 months
How me, a notorious ex-con built a CTA business which I plan on selling for 100m in a few years
@ScottPh77711570
Scott Phillips
3 months
@magikarptrades My 2021 xs momo system >be me >assets but cashflow broke >I know, grift out the hole >charge $1000 to watch me “design a system and trade it” over 12 zoom calls >punters kicked in 40K to watch fuck it do it live 1/
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@ScottPh77711570
Scott Phillips
28 days
The best traders I know refer to Sky as God-tier I have a whole file full of notes on his stuff Study
@skyquake_1
illiquidity providooooor
28 days
Once in a blue moon, you can do some pretty +ev trading on arguable the most -ev instrument known to man: FX CFDs, using one of the worst risk management options: (trigger warning) stop losses USDJPY is currently such a candidate. All you need to know as a trader is that 1. Its
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@ScottPh77711570
Scott Phillips
10 months
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@ScottPh77711570
Scott Phillips
5 days
Ed told me my trend system was in drawdown in 2015 because deep down I didn't think I deserved to be profitable and I should try and remember the first time I had the feeling that I didn't deserve to be rich I am not joking. I paid for this advice.
@Covel
Michael Covel
5 days
My favorite trading line. #EdSeykota
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@ScottPh77711570
Scott Phillips
8 days
I had a heckler on a call complaining about his returns and that we should be “backtesting his suggested improvements” His equity curve
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@ScottPh77711570
Scott Phillips
1 year
We made this together this afternoon
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@ScottPh77711570
Scott Phillips
5 months
Ok this shit is getting ridiculous. Classic signs of an interim top - alts accelerating while BTC topped - everyone in total agreement “new bull” - garbage coins pamping I’m gonna sell all of my shitcoins except the very worst of the garbage Thx 4 playin
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@ScottPh77711570
Scott Phillips
12 days
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@ScottPh77711570
Scott Phillips
4 months
@CryptoQuantz and I were chatting about the nature of trend following returns In general trend returns scale with the number of independent bets So trading more stuff = better, unless its all correlated... in which case it's not independent 1/n
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@ScottPh77711570
Scott Phillips
13 days
Reckon the crypto bottom is in Seeing signs of strong spot buying and oi accumulation in majors at lows yesterday I’m gonna fuck around and find out a bit with the leverage slider We are so back boys
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@ScottPh77711570
Scott Phillips
2 months
If there's a shred of humanity left in you cheer for my sales team They get an expenses paid trip to Thailand with a 20K hookers and blow budget if they hit 1m in March Motherfuckers are going 24hrs without sleep at this point 15 days into the month they hit 500k!
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@ScottPh77711570
Scott Phillips
5 months
I built my trading system on a mash up between Rob Carver's books and two threads from @macrocephalopod , then @therobotjames showed me all the stuff I'd done wrong If you are serious about trading, you should be following @macrocephalopod . Top bloke, solid shitposting game
@macrocephalopod
cephalopod
5 months
I have decided that I will have 40,000 followers by the end of the year but I'm feeling a little burnt out on posting, can everyone just tell all their friends to follow me?
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@ScottPh77711570
Scott Phillips
2 years
@olex_scherba How could you not be in total awe of such heroism. Like something from a bygone age. Bravo
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@ScottPh77711570
Scott Phillips
8 months
@DrDemography Show your work please. @AvidCommentator has never posted anything incorrect to my knowledge and I've been following him for a while. He seems like an honest guy who would happily correct if you showed him where he went wrong.
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@ScottPh77711570
Scott Phillips
2 years
@TCK_JRubano Thread. Here's how the "anti stop loss" trend followers do it (tf's are generally medium term traders targeting trends lasting 3-12 months+) And they are the redheaded stepchildren of trading because clients hate trend following b/c high and long drawdowns 1/
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@ScottPh77711570
Scott Phillips
7 days
I’ve never had a job in my life but this sounds like phenomenal advice if I were young and super bright This is a really great person to follow if you are interested in markets He really understands things at a deep level
@systematicls
systematic longshort
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@ScottPh77711570
Scott Phillips
10 months
@jachaseyoung I got send to jail and went from shooting up crystal meth with my morning coffee to exercising 6+ hrs a day and I ate tuna (plain with nothing on it) for 1635 consecutive meals (I counted) Turns out obsessions can just be pointed anywhere you like Sucks the fun out of life tho
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@ScottPh77711570
Scott Phillips
1 year
@moreproteinbars @therobotjames @darjohn25 In my defense I spent most of my life as a rather industrial scale drug traffiker Got out of jail for the last time in 07 and I still view things through that lens "It's just an arb with terrible negative skew"
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@ScottPh77711570
Scott Phillips
2 years
@JessicaCheshi15 @BallouxFrancois I'm pro vax, pro booster, pro mask... but the guy is RIGHT. You are operating on outdated information - a year ago Covid was deadly. Now it's not. Omicron less lethal, you can get a vax which means you are gonna get the virus but not get real sick.
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@ScottPh77711570
Scott Phillips
5 months
On Fridays… edibles @Gabe_Bernarde
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@ScottPh77711570
Scott Phillips
5 months
Nearly bragged about a trade before remembering the other 4000 times I did that and angered the market Gods Instead I made this sandwich which goes pretty hard in my opinion
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@ScottPh77711570
Scott Phillips
3 months
The beating heart and soul of crypto has always been the little guy throwing $1000 in some unknown coin and turning it into lifetime wealth Look around you, bros Can you feel it? It’s happening again More infectious than swine flu innit?
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@ScottPh77711570
Scott Phillips
24 days
What in the holy fuck is ICT and why are so many grifters red hot on it?
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@ScottPh77711570
Scott Phillips
5 months
This is the most boomer comment in the history of boomer comments Ladies and Gentlemen, I give you the Market Wizard who is a paid sub to <checks notes> zerohedge wtf
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@ScottPh77711570
Scott Phillips
3 months
So I found a blog by the ramen club of Sapporo and I’ve been working my way through their list 11/10 best ramen of my life
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@ScottPh77711570
Scott Phillips
1 year
@therobotjames @balajis It's like the confidence of microsoft edge, asking to be your default browser
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@ScottPh77711570
Scott Phillips
8 months
@SandhuMMA @ChrisLebenMMA His redemption arc is so wholesome Take a bow @ChrisLebenMMA
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@ScottPh77711570
Scott Phillips
11 months
>be me >in Bangkok >dog off a leash >edible kicking in >2 Michelin star omakase by myself >I *love* this city
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@ScottPh77711570
Scott Phillips
1 month
I've got a reasonably nuts story (by my standards even) about this guy
@batshit_auspol
Batshit Moments in Australia
1 month
2007: Asked during a TV interview to pick a man he would "turn gay" for, Prime Minister Kevin Rudd baffles the nation by answering "my wife"
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@ScottPh77711570
Scott Phillips
25 days
Momentum features on a variety of shitcoins 🧵 Starting with BTC ETH SOL XRP
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@ScottPh77711570
Scott Phillips
9 months
Grandma and I are cooking tonight. Grade 6 wagyu prime rib, gonna serve it Thai style with sticky rice, som tam and nahm Jim jao
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@ScottPh77711570
Scott Phillips
10 months
Got me a forever dog I’m in love
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@ScottPh77711570
Scott Phillips
1 month
Don’t listen to him, kids He’s not even a real robot That beep boop shit isn’t fooling anyone James ffs
@therobotjames
Robot James 🤖🏖
1 month
trading is hard. if you disagree, that's cos you haven't done it for long enough. you can get lucky for a while - but your luck will inevitably turn you can find yourself doing the right thing at the right time for a while - but markets adapt quicker than you can, typically.
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Scott Phillips
1 month
"Everyone wants to be a vol seller until its time to do vol seller shit" Interesting thread, and congrats to my vol slamming brethren for holding their nerve
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@Ksidiii
Kris Sidial🇺🇸
1 month
I’ve seen some drastic cave-outs in volatility over the years, but this one over the past 48 hours has truly been fascinating to watch. Large traders have come in with significant positions to unload May and June VX. Additionally, there's been increased openness to selling
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@ScottPh77711570
Scott Phillips
1 year
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@ScottPh77711570
Scott Phillips
9 months
@HML_Compounder @thetradler @therobotjames A system has these components 1 An edge 2 A signal that accurately reflects your view of the market 3 A risk management system that gives you the risk exposures you actually want If you have thought carefully about all those things and can justify your choices then its DONE 1/
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@ScottPh77711570
Scott Phillips
1 month
@netcapgirl "There are a lot of delta one guys with houses in the Hamptons, not a lot of options guys" Euan Sinclair
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@ScottPh77711570
Scott Phillips
4 months
I painted myself into a corner in the last 3 months of last year, biz wise I worked at full sprint, every minute of every day planned out, the only breaks were time off with my family and exercise Overdid it though, into burnout, and it *really* sucks Feel about 40% dumber
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@ScottPh77711570
Scott Phillips
25 days
I'm not really making or losing money in shitcoin trend right now, but its cool that the signals are still looking predictive
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@ScottPh77711570
Scott Phillips
1 month
How is this not the greatest meme of 2024?
@litcapital
litquidity
1 month
Jerome Powell when he finally announces his first rate cut
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@ScottPh77711570
Scott Phillips
1 month
Wholesome as fuck out here Straya rocks
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@ScottPh77711570
Scott Phillips
21 days
This is really interesting stuff (to me, anyway)
@HangukQuant
HangukQuant
22 days
Let's slap some regression on cryptocurrency trend analysis, building off excellent thread here: Perhaps, let's take a look at dual momentum.
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@ScottPh77711570
Scott Phillips
24 days
Fam we gonna make it! If market timing was this retard's ass he couldn't find it with both hands
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@ScottPh77711570
Scott Phillips
9 months
Since there seems to be interest in trend systems here's an old thread Any time your stop loss is unluckily hit, and the trade would have worked... thats inefficient Removing that inefficiency makes the system more robust since you take out the luck of where you place your stop
@ScottPh77711570
Scott Phillips
2 years
@TCK_JRubano Thread. Here's how the "anti stop loss" trend followers do it (tf's are generally medium term traders targeting trends lasting 3-12 months+) And they are the redheaded stepchildren of trading because clients hate trend following b/c high and long drawdowns 1/
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@ScottPh77711570
Scott Phillips
6 months
It appears I have Dengue fever Shit. Waiting on blood tests. Hurts like a mf too
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@ScottPh77711570
Scott Phillips
6 days
shot/chaser
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