Uncommon Core 2.0

Art of Trading - with Light, Su Zhu, and Hasu

8 snips
Oct 23, 2020
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ANECDOTE

LightCrypto's Trading Origin

  • LightCrypto began trading equities and equity options, capitalizing on information arbitrage from activist short-sellers on Twitter.
  • After that dried up, he returned to poker and won a significant tournament, using the winnings to fund his crypto trading.
ANECDOTE

Forced into Crypto

  • In 2016, a poker site forced LightCrypto to withdraw his winnings in Bitcoin.
  • This unintentional entry into crypto occurred near the market bottom, giving him a fortunate starting point.
INSIGHT

Why Trade Crypto

  • LightCrypto will leave crypto when he no longer has a material trading edge.
  • He enjoys trading as a zero-sum game similar to poker but with dynamically changing rules.
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