Ansem, leader of the Soylana Manlets, shares his market thoughts, the upcoming bull market, L1 trade potential, how to use Crypto Twitter, trading style and building conviction on a thesis. He also discusses traits of successful traders, common trading mistakes, personal life and the gdoyo Airdrop. Additionally, the podcast explores the challenges of multiple chains in the Cosmos ecosystem and excitement for crypto in 2020.
Diversify your portfolio to include both long-term spot holdings and volatile trades.
Technical analysis is important for entry and exit points, risk management, and maximizing profits.
Avoid overconfidence and attachment to specific assets, and stick to pre-determined trading rules.
Deep dives
Importance of Having a Diverse Portfolio
It is crucial to have a diversified portfolio, allocating a majority to longer-term spot holdings and a smaller portion to more volatile trades.
The Role of Technical Analysis in Trading
Technical analysis plays a significant role in trading, helping to determine entry and exit points, managing risk, and maximizing profits. Price and volume are often the primary indicators used.
The Pitfalls of Overconfidence and Attachment to Holdings
One of the most common mistakes in trading is overconfidence and becoming too attached to specific assets. It is essential to be humble, accept mistakes, and stick to pre-determined rules.
The Misconceptions and Benefits of Cryptocurrency
Cryptocurrency is often mistaken as a scam, but it has proven value, such as providing a decentralized financial system, enabling faster and cheaper transactions, and empowering individuals in underdeveloped nations.
The Excitement for the Future of Cryptocurrency
Looking ahead, the speaker is excited about the continued growth and adoption of cryptocurrencies, anticipating more attention and opportunities for altcoins beyond Bitcoin. The potential approval of a Bitcoin ETF in the first quarter of 2024 is also highlighted as a significant development.
Episode 8 of Crypto Market Wizards, a new interview series focused on crypto traders in the trenches of the liquid markets. Today we have Ansem talking about his crypto journey and how he became the leader of the Soylana Manlets and other retail traders. He shares his thoughts on the upcoming cycle and how he expects the markets to unfold.
Crypto Market Wizards is an ad-free and sponsor-free podcast.
Ansem's Twitter: https://twitter.com/blknoiz06
Premium Discord: https://whop.com/humble-farmer-army
Free Newsletter: https://hfaresearch.substack.com/
HFAResearch Twitter: https://twitter.com/HFAresearch
Taiki's Twitter: https://twitter.com/TaikiMaeda2
Free Telegram: https://t.me/+3LgpNxIgJ4IzY2Fh
Taiki is the founder of HFAResearch, a DeFi-focused research company founded in 2021 with a mission to create high-quality, digestible content that helps separate signal from noise for DeFi enthusiasts. We were frustrated with the lack of authentic educational content on Crypto YouTube/Twitter and took matters into our own hands.
Timestamps:
0:00 Ansem's Market Thoughts
3:53 The Upcoming Bull Market
7:39 L1 vs App Tokens
11:14 How to use Crypto Twitter
13:00 Ansem's Trading Style
18:20 How to build Conviction on a Thesis
23:20 How to Avoid Echo Chambers
26:19 How to Make It the Next Cycle
31:50 Traits of Successful Traders
34:05 Balancing Markets & Life
37:38 Most Common Trading Mistakes
43:40 Trading Rules & Gut Feel
46:45 Personal Life & Soylana Manlets Meme
50:55 Cosmos Eco
52:48 Valuation Frameworks
56:35 What Ansem's Excited For
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