Odd Lots What a 'Degen' Crypto Trader Really Does All Day
31 snips
Jun 14, 2024 
Julian Malinak, a healthcare tech professional and crypto trading veteran, shares his fascinating trading journey. He delves into the intricacies of day-to-day trading and the emotional rollercoaster that comes with it. Julian discusses how to analyze coins, the seduction of volatility, and the importance of reliable information in navigating the crypto landscape. He also touches on the male-dominated culture of crypto trading and the balance between rational strategy and the thrill of potential profit, emphasizing discipline over mere speculation.
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Julian's Crypto Journey
- Julian Malinak, a healthcare tech professional, started crypto trading in early 2021.
- He explored various opportunities, from Bitcoin to micro-caps, yield farming, and shorting, experiencing both significant gains and losses.
From Riches to Rags
- Julian describes the emotional rollercoaster of making enough to consider retirement and then losing a substantial portion shortly after.
- He recounts the experience of looking at apartments to buy with cash, only to lose 40% of his net worth the same week.
Crypto Narratives
- While primarily focused on price action, Julian acknowledges various crypto narratives.
- These range from the 'casino' aspect to 'store of value,' 'future of finance,' and 'Web3,' each with varying levels of credibility.