Insilico Terminal Podcast Insilico Terminal Podcast Episode 5 - VNTGPRN
Oct 9, 2025
In this discussion, trader VNTGPRN shares his evolution through the 2021-22 bear market. He highlights the importance of macro positioning over predictions, and dives deep into the mechanics of interest rate differentials and carry trades. V also decodes how market narratives can fluctuate and affect trading strategies. He predicts possible scenarios for the next bear market and stresses the value of macro knowledge in making informed trading decisions. Plus, he advises on leveraging tools for an edge in today's volatile markets.
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Transcript
Episode notes
Macro Is About Positioning Not Prediction
- Macro matters mostly through market positioning rather than pure prediction.
- Trading the macro backdrop without considering positioning and timeframes leads to losses.
Exploit VAR Shocks When They Happen
- Trade VAR shocks and correlation spikes when they occur; they are rare but high reward.
- Use those events to define clear risk-reward and limit liquidation risk.
2024 Yen Carry Unwind Example
- In 2024 a broad sell-off followed the yen carry unwind and hit almost every asset.
- Traders had weeks to position before Bitcoin's multi-week decline began.