Mar 11, 2022Small Brain: The Three Prime AssetsThe Three Prime Assets sounds like something out of a religious text, or maybe the name of a covenant ship (y’know, from Halo?)… Anyways. You ever think about how the universe is fundamentally built around the ‘=’ sign? I mean, E=MC², the laws of thermodynamics, literally everything we understand about…Trading5 min readTrading5 min read
Nov 5, 2021Market Making Article 2 (Not Illustrated, but Much More In-Depth)Sup. For those of you interested in learning more in-depth about the highly technical, complex, competitive and very difficult world of market-making from an absolute fucking moron who may or may not be completely wrong about half of it, this one’s for you guys! Warning, it’s not an easy read…Crypto16 min readCrypto16 min read
Nov 4, 2021How Market-Making Works (Poorly Illustrated)Sup fuckers, this would be a tweet thread but an article is easier. Less of you will probably read it, but whatever. Title is self-explanatory, I drew some shit in Microsoft paint and maybe it’ll help you understand what I’m talking about (press x to doubt). First picture up there…Market Making7 min readMarket Making7 min read
Oct 2, 2021STOP BEING STUPIDWelcome to crypto! Self-sovereign money, NFTs, DeFi, cross-border transactions and new volatile markets await! Now get your head out of the clouds and start paying some fucking attention to what you’re actually doing. I’m writing this article because a lot of the newer entrants to crypto seem to have very…Crypto6 min readCrypto6 min read
Mar 15, 2021Small Brain: What Makes a Market?Don’t worry, I’m not going to jump in to talking about market-making, volatility, arbitrage and volume flows in this article series just yet. Actually, I lied. That’s exactly what I’m going to talk about. Like, starting right now. For all the new people. Article number two, let’s fucking go! …Small Brain8 min readSmall Brain8 min read
Mar 7, 2021It’s Small Brain TimeI spend a lot of time thinking, and by that I mean doing nothing else. Maybe it’s a sort of meditation, maybe it’s a sort of mental illness. Either way, I’m not very good at it but most of the time I’m thinking about the market and associated ideas because…Small Brain3 min readSmall Brain3 min read
Mar 6, 2021Small Brain: What is Value?“Value” in my mind is one of the most ambiguous and useless words in the English language. It’s also one of the most interesting. It’s such a weird concept! To value something (i.e., to use the word “value” as a verb), means to attach a worth to it. For example…Small Brain4 min readSmall Brain4 min read
Aug 7, 2020The Trader’s Literature Study CompendiumTrading is simple in concept and highly challenging in execution. It is a professional skill-set which requires years to develop and master, often without the aid of a teacher or mentor. This compilation of reading materials has been hand-selected in an attempt to provide a comprehensive starting point for the…Trading6 min readTrading6 min read
Oct 27, 2019Building a Trading System Part 2: Our First SystemIn this article, we’ll be creating a very rough trading system which may or may not be profitable to start with. We’ll be covering: Indicator and trigger selection Momentum vs mean reversion strategy basics Backtesting If you haven’t read the first part in this article series, I recommend doing so…Trading5 min readTrading5 min read
Oct 8, 2019Moon and Doom: How do Leveraged Tokens Work?By now most of you have probably heard of FTX, the new cryptocurrency derivatives exchange launched earlier this year. They’ve launched a whole bunch of new and interesting indices, contracts and features that would be considered commonplace in traditional markets, but are still novel to the nascent crypto trading community…Token6 min readToken6 min read
