October Was a Decent Month for Trenches Traders
A hard-fought October comes to an end. Everyone says October was a disaster, but I think it was a decent month for trenches traders. Some say they should have concentrated their investments on BNB. But I have a contrarian habit of staying away from areas I don't understand.
A hard-fought October comes to an end.
Everyone says October was a disaster, but I think it was a decent month for trenches traders.
Some say they should have concentrated their investments on BNB. But I have a contrarian habit of staying away from areas I don't understand.
Overall, October offered a variety of themes: 402, robotics, pure memes, politics and Halloween.
My favorite trade came after I successfully arbitraged a 60% kimchi premium. The premium showed no signs of disappearing, so I used the roughly 2 SOL I had set aside for emergencies and turned it into nearly 50 SOL.
The PNL card shows my total October PNL, including both losses and gains. I've attached it as a GIF so it can't be manipulated.
My trading method is always the same: equal-sized bets and a moonbag strategy. See the pinned post or the secondary channel where I share my trading activity.
I regularly post my thoughts on live trades on Twitter and the Telegram channel.