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Today I found a dApp where I can trade at the frequency I was looking for. I've only been doing day trading for the past few days and it was a bit of a hack way of doing it. I would open a chart on Trading view. Then leverage long or short using an AMM on an L2 and throughout all that, there were price discrepancies. I'd have to shop around for the best rates by going to several AMMs which only slows the whole process. On top of that, there were more issues regarding liquidity and slippage when using DEXs.
But when I found Hyperliquid I was excited to see all of the products one would see on a CEX including perpetuals. I bridged some funds and went off the the races. I stared at the chart for over 2 hours. At first, I was disciplined and entered every time the RSI dropped outside the border. But then I noticed the general trend for the price was going down. I then tried to short but by that point, I lost my focus and rag quit losing funds in the process.
I learned about myself that I am still reactive when it comes to trading. I practice martial arts and learned of discipline, confidence, technique, and a winner's mind but see that even though the underlying characteristics are there, in practice, it takes time and effort to translate to success in other fields. Iβm reminded of Charlie's Mungers saying βA hammer looks at everything as if itβs a nailβ.
Itβs a humbling experience I had today, and Iβm encouraged to keep on for I see there is an enormous and adventurous path ahead of me if I am to continue in the search of capital.
Today I found a dApp where I can trade at the frequency I was looking for. I've only been doing day trading for the past few days and it was a bit of a hack way of doing it. I would open a chart on Trading view. Then leverage long or short using an AMM on an L2 and throughout all that, there were price discrepancies. I'd have to shop around for the best rates by going to several AMMs which only slows the whole process. On top of that, there were more issues regarding liquidity and slippage when using DEXs.
But when I found Hyperliquid I was excited to see all of the products one would see on a CEX including perpetuals. I bridged some funds and went off the the races. I stared at the chart for over 2 hours. At first, I was disciplined and entered every time the RSI dropped outside the border. But then I noticed the general trend for the price was going down. I then tried to short but by that point, I lost my focus and rag quit losing funds in the process.
I learned about myself that I am still reactive when it comes to trading. I practice martial arts and learned of discipline, confidence, technique, and a winner's mind but see that even though the underlying characteristics are there, in practice, it takes time and effort to translate to success in other fields. Iβm reminded of Charlie's Mungers saying βA hammer looks at everything as if itβs a nailβ.
Itβs a humbling experience I had today, and Iβm encouraged to keep on for I see there is an enormous and adventurous path ahead of me if I am to continue in the search of capital.
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