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INTERVIEW: NADOGOYARD
A quant trader still in full-time education, Nadogoyard shares his thoughts on Keynesian Beauty Contests, drugs as a performance enhancers, and why he doesn’t believe in trade journaling.
JIM TALBOT: THE PATIENCE MINDSET
Patience in current market conditions is arguably the most important trait in your arsenal.
When a market is low on participation, the best thing you can do is chase tails. People love to position in tight ranges with tight stops. It’s a mindset and trading plan that works in a trending market, but in a sideways market, you really want to invert your thought process.
When a market is low on participation, the best thing you can do is chase tails.
For example, the majority of traders' mindset is to enter at $19,200, with a target of either $19,800 or $18,200. Right off the bat, your expected value is around 50/50 which is pretty much a coin flip.
If you flip your mindset and look to enter at your targets ($19,800/$18,200) and exit at your entries ($19,200) you are increasing your expected value to something more like 70/30 which gives you much better odds.
RSI momentum losses on these stop runs are very actionable.
A good practice for me personally, is to have the mindset of a market-maker in these conditions. We have all been noobs with poor stop-loss placements in our trading journey. Use that experience to your advantage, think about where novice traders would put their stop losses and aim to provide liquidity for those stops to fill just like a market maker would.
think about where novice traders would put their stop losses and aim to provide liquidity for those stops
Liquidity is scarce, the market builds it up in these tight ranges in order to generate enough stop losses to fill larger orders.
-Jim
CBS: THE DOODLES BLUEPRINT
Doodles are a VC-funded, celebrity-endorsed powerhouse of a project.
They are without doubt one of the strongest bluechip projects in the space and they’ve made their intentions known for how they are looking to continue to build the brand and venture out into other industries. Discussions on clothing and gaming have already taken place.
As of October 24th, Doodles are trading at a 6.9ETH floor price. In July 2022 Doodles were trading at a 32ETH floor price. This is a project that has suffered as much as the next when it comes to the impact of the bear market.
This is a project that has suffered as much as the next when it comes to the impact of the bear market.
Doodles secured $54m in their first raise, with the company being valued at $704m. It’s a project with large ambition, but has the knowledge and financial backing to see it through.
Pharell Williams was appointed the Chief Brand Officer back in June 2022, announcing that his forthcoming album release would feature Doodles too.
So we have a huge Bluechip project with a big valuation and a celebrity A-lister on board. But what does the price history look like?
Currently hanging around the 6 - 8 ETH region without any huge spikes in activity or price breakthrough. Doodles seem to be in a period of relative calm, I’ll hesitate in calling this “accumulation” as the word is probably thrown around a little too much.
However, I do believe this is a great region of opportunity for looking at the project in more detail. Doodles seem to be in that period that most other Bluechips are, they are holding steady on their price. No further sell-offs have been seen.
this is a great region of opportunity for looking at the project in more detail
My NFT Fund is making the most from this region, I believe the long-term growth of the Doodles brand makes this area an incredibly attractive buy region. If the market takes another leg down, Doodle acquisition will take another leg up.
-CBS