Alpha Mail #002 - TimelessBeing
This week's interview is with TimelessBeing, a trader I have long respected and admired. He drops such consistent alpha that it wasn't that long ago that I used to have push notifications enabled for all his tweets. Copytrading is not the path to success, so I gave that up and instead had the pleasure of getting to know him a little over the course of this interview.
Enjoy!
VA
INTERVIEW: TIMELESS_CRYPTO
A self-diagnosed 'full-time degen', Timeless shares his adversarial view of the market, the dangers of being stubborn and what it takes to make it as a trader.
ALPHA: #126 RECOVERY
This is an area I can definitely improve. Often following volatility, I find my focus blinkered on the assets I was holding or watching going into the sell-off. The most recent data is always the best data, and spotting assets that show relative strength after a downturn is an important message from the market I should pay more attention to.
ANALYSIS: STOCK CORRELATIONS
This week's chart comes from @TheStalwart.
This snapshot from Friday perfectly illustrates the regime Bitcoin, and crypto broadly, is stuck in right now as it's mirroring the moves made in the stock market. We go through periods of time where the two move in lockstep and generally when they can decouple it's a bullish sign.
Previous periods where the correlation was this high was when there was far more fear & selling in the market like during the March 2020 Corona crash. For a period of time following that event, Bitcoin behaved the same way it is now.
It's worth keeping an eye on until this relationship breaks down & spot buyers can stop the bleeding.
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