Transcription
Here we go. We are here. We are live.
Today's going to be a very quick one, but it's going to be a deep one. We're going to get right into it. We won't waste too much time.
Hello, Mr. Peter. Mr. Project Monstro, Mr. uh Ultra Justin 16. Hello. Can you hear me? See me? Everything should be fairly clear to this mic so you can hear me even better. There we go. Beautiful. We're on. Let's go.
Yo, what's up? What's up? I I had a funny well, not a funny, I had a post that went out yesterday and one of the comments was funny because it's kind of true. Where was it? Here. Uh, I closed it. I did a um I did a post on like yo if you stick to this stuff like if you stick to these rules. It basically talked about how a very small percentage of people seem to win this game. It's like nine out of 10 people that I know who have dabbled or invested in crypto all say, "Oh, I I invested x amount of dollars and when I left the game I had less." Who had that experience? I invested, you know, $10,000 and I left with six. I invested $2 million and I left with $1.4. I invested $1,000 and I left with zero. I invested $5,000 and I left with $4,800. It doesn't matter. They they entered the markets in some way, shape or form, whatever they did all the way from like NFTs and they got completely wrecked to like you know buying blue chips when everything was hyped up and they bought top of markets from roundtripping cycles to um investing in meme coins to whatever that may be.
I like it. We're getting somewhere. Thank you for that. It seems that I hear that story a lot and sometimes they can decipher or they've thought about it enough to be like, you know what, these are the mistakes I made and maybe they, you know, at least they walked away with some wisdom. Then there's a small percentage of people, my guess is it's everyone watching this video or watching this replay that says when I first entered crypto, I lost a ton of money. I think everyone's experience is that unless you're lucky enough to like find some education and like actually study, but most of us we just jumped in because we were excited and we lost money. Am I am I wrong on that? Use the comments. By the way, I want this I always love these being interactive. It's the only way that I actually enjoy doing these. I'm here for you and any kind of direct feedback on what you want to hear and what you want to talk about really really helps me um make sure that these lives and these 30 minutes we set aside every week are the most valuable I could possibly make.
Uh, can the Midwest says I did but I came back and I stuck with it. Most people's experience is I entered crypto. I lost a ton of money and then a decision is made. I'm out. It's not for me. I don't care for the lessons I learned. I'm just out. And then some say there's still something here. Like I know there's something here, but I'm going to stick with it. Maybe maybe I can take these feedback loops that I got and like learn. And I think most people over time, we are a sleepy bunch. What's up? Are we here? I see a bunch of eyeballs. But uh very little uh conversation here. Happy to keep doing these. But I really want to make these valuable. And the only way that I can do it is if we are here. Maybe I'm wrong. Maybe all of you guys here just like one made a ton of money. It's all good. U maybe I'm the idiot. But I know I lost a ton. Beautiful. I lost a ton when I first got into it. In most people's experience from what I hear is that over time you mature and you start realizing who here has had this experience I know I did after my first cycle. I bought Bitcoin and Bitcoin outperformed every alt I had over time. Yep. Some of my alts, I had like 28 assets. My first bull run, I was holding a bunch of stuff. Some did really well, some tanked. When I actually looked at it, again, I'm not talking trading and I'm not full-time full-time. I'm just like when I looked at it, I would have been, forget the exact number, it was like two and a half times ahead if I would have just held Bitcoin and ETH, which indexed the entire market. That's wild.
Most of us at some point realize that it's fun to think about beating the markets and like finding some gem. And I'm all for it. Like I'm all for it. But for most people who don't want to spend 80 hours a week in front of a computer looking at charts, timing, that's where a lot of guys who teach this stuff, by the way, get it wrong. Is they are in this 24/7. They're checking charts at 2 a.m. The average person, me included, by the way, doesn't want to stare at charts and do this full-time, 50, 60 hours a week. Can I manage my portfolio with two or three hours a week? If that's you, building a massive portfolio full of different assets and then trying to stay on top of every project, check it every single day, it's a lot. When I started going predominantly blue chip, I started I started um outperforming past experiments, so to speak. And it was so much easier to manage. When I got into DeFi, which we're going to talk about hedging here, and actually cash flowing those assets, it became so much easier because they're blue chip. They they're volatile, but not as volatile as anything else. It was easier to set ranges. It was easier to cash flow. it's easier to hedge. Also, if you're only LPing one or two assets, then it's just one or two charts you have to look at, which again makes managing your positions, managing your LTV, managing your hedge, managing your shorts much easier. And most of us who are still in the game after a long period of time and are actually winning, make that realization and start making that switch. I know when you're first getting into it, it sounds boring because there's other things that could promise 3, four, 5x the returns. It rarely plays out in reality. Rarely plays out, but BTC. Yeah, there we go. We're up. We're awake. I like it. Yeah. Good, good, good, good, good, Peter. Awesome.
I want to make this a little predominantly about hedging. Who here understands hedging? Who here hedges? Actually, go like, "Yeah, I'm hedging right now. I understand it." Or, "I'd really like to, but I have no idea how to do it." It'll gauge kind of where we're at here. If you stay silent, I can't help you. Like, I'm you're going to have to go with the wind. So, make a vote here because it'll kind of let me know which way to go. How basic do we get? Or do we get want to get more advanced? Maybe want to get into managing those hedges, managing those shorts, being able to track the deltas. By the way, you we we've got agents set up now that just like give me the delta every single day. Here's delta for your positions. Here's your short. Here's how your hedge right now. Here's how it would play out. Here's a modification you could make. Oh, cool. Click, click, click. Boom. Increase the short. Decrease the short. Understand? Understand? Good. Good. You could open a hedge to like two or 3x leverage. It really doesn't affect it. it it removes some margin there for you but and the the fees are a little bit higher but you can be very capital efficient with hedges by the way. Okay, good. Okay, correlated pair hedging is very that's a whole different game that gets very that gets much more complicated which is why we don't do it. If you set up a hedge properly on an uncorrelated pair you get all the benefits. you don't get the upside benefit, but if you're actually borrowing against a portfolio, then you get all the upside benefit and you protect all the downside. Yes, tried hedging this week. Divine one, how did it go? I'd like to, but I'm not sure. Awesome. I'll do a brief crash course and then we'll go into actually managing this stuff if we want to.
Uh, let me open up. Everyone here has Defi Buddy, correct? That's a tool we made, spent a lot of money, spent a lot of time, made zero dollars off it. That's fine. We're still gifting it to the world. I just decided to let's just make it free. We're not in the software biz, nor do we plan to. So, let's just make the best tool that we can possibly make and offer it to the world for free. That was our strategy, if you want to know. Okay. Uh, let me go like this. Boom. Sweet. Awesome. You should be able to see my screen. I'm going to go like this just to make it a little fancier. We'll go like that. Awesome. You should be able to see that. d5body.io. Go to it. Go to the hedging calculator, which is right here, by the way. Tool, hedging calculator. You're good to go. Set up your position. Again, we just stick to our rules. So, we have clients who have built multi-million dollar portfolios. None of them deviate far beyond BTC and ETH. There is a reason why they have millions of dollars. I have built a multi-million dollar DeFi portfolio. I built a multi multi multi multi-million investment portfolio and I built an 8 figure net worth. I do not deviate far from I need this to actually be heard. I know some of you won't like this. I do not deviate far from what I do not deviate far from the basics both in business, both in investing. I don't care if it's crypto. I don't care if it whatever it is. It's like these are the basics, tried and true. We know this works. let me put all my effort, energy, and attention into that. I know many people in business and in investing and in whatever a new tech comes out, they go crazy. They spend all of their time trying to get fancy, trying to beat the markets, trying to do this, do that, and like, dude, they don't have anything to show for it. Even in fitness, the basics work. I know Bitcoin and ETH track the entire market. Cool. I'm going to stick to that. I know these three or four things work in business. I'll stick to that. Even my traditional portfolio, you guys will laugh. I am down to one stock. It's an index fund and it tracks Canadian, US equities and global equities, different ratio for each. A little more heavily weighted into North American with a heavier weight on US, but it's US, Canada, global. Basically, I invest in real estate through one fund and I get a little bit of it all with very low management fees. I keep it simple. It has grown year over year over year. I know the stuff that does well on social media and on, you know, whatever is like get rich quick, pick this pick, yo, this is the next big thing. And there's a reason why the government or private companies I guess sell so many lottery tickets because it's exciting. You mean I can put in minimal effort and get a massive result? Sign me up. And what keeps people coming back is well one person does win and if they won then maybe I could win. And I'm just like that is the reason why most people in crypto because it's so accessible or broke as [ __ ] And then they blame the crypto space saying it's a scam.
Made 45% on a hedge. Love it. Beautiful. Good. Good job. Love it. So, I'll answer some questions here in a sec. So, let's go back to this. I need that to be communicated. I don't I don't deviate far from BTC's from ETH sometimes sold. Yes, I own some Sueies. Yes, I own some XRP. It's such a small precision in my portfolio, it's not even funny. Um, this is what you need to understand here. We're going to go break even at range because that is the strategy that I deploy the most. We just have to understand this chart. Can Can y'all screenshot this? I'll wait like 5 seconds. Just grab your whatever phone or on your computer. Just screenshot this and then study this. This is all you need to understand. Cool. This yellow line here is your naked LP. As liquidated providers, we take on risk that other investors don't. The risk we take on is if the price of said asset slides down, we lose dollar value of our portfolio. Eventually, we're fully converted into the asset that is losing value. And then it becomes a linear loss, one for one. At first, it starts slow because we're in this instance half weighted in in this instance a stable coin. You get the point. The other risk we take, which people don't think about, is if the markets pump, well, there's a limit to how much we can earn. Our value will go up slightly because only half our portfolio is gaining value. And as our portfolio gains in value, we have less and less of the asset that's actually gaining in value until we have zero of it. And then we're just it's flatlined. Now, this is not good or bad. It depends what kind of investor you are. Let me know if you're still here. This is not good or bad. Freaking nothing is here in investing. It's what is your outcome that you're looking for and then we can start talking strategy specifically for you. We just onboarded four fast start clients in the last two days. There's a reason for that cuz investors with capital or those who are actually serious see what the market is doing right now and they say I want to take advantage of this now. When we were hitting peak bull runs or when markets are green it's like fasttrack typically slows down and I'm happy with that. But when the markets are this chaotic and this oversold touching the 200 week nupl is low under point under 15 uh fear is ultimate high real investors who I'm talking they have hundreds if not millions of dollars to invest they're like and now is the time I just want help doing this right same thing we've had insane growth over the last three weeks because there's people seeing the opportunity so I'm saying that to say that it depends where we are in the market your strategy is going to shift. Then it depends what your overall strategy is along with a bunch of other factors. I'll simplify it here in today's video as we talk about hedging. Let me know if you're still here. Yeah. Yeah. Let's go. Okay.
Not necessarily a good or bad thing. If we want to dollar cost average into said asset, we could set a range that looks something more like this. If you want, I'll show you. Whoops. We could set a range of like call it I literally did this a few weeks ago. Um, it was close to this. It was on Bitcoin though. But ETH is fine. You could set a raise that looks like this. And as the price of in this instance this ETH goes down, you're buying more and more and more of it. You're starting heavier and stable in the allocation of your portfolio. And as the market moves down, you are buying more and more of it up until $1,200. Not a bad thing. Some people, that's not the right strategy. They don't want to lose dollar value on their D5 portfolio. They're borrowing against it. They don't want to lose dollar value. You've got to open up a hedge. Sometimes you don't have to open up a hedge. You actually want the market to slip. Other times, oh, this is going to get fun. This is actually we'll talk strategies. This is going to get fun. Other times you may want to one sec here. Uh, you may want to do this. You might say, "Hey, I basically want to buy." There we go. And 35. We did this last bull run. You check out the videos. We'll just go like that. Perfect. Oh no. We can go zero on this. Perfect. Might want to do this. Again, it's not always the best way. There's pros and cons to all of this. Remember, there's nonlinear kind of um element to it. We don't short the market and we're just riding we're we're selling out of the market. Now, remember, you're starting fully in one asset and you're slowly selling out. You're going to profit heavier at first, slower later. But the point is you're using your LP to DCAL. Not a bad play. Not the best, but it's not a bad play. it would be better to lad out because you'll get reap the full benefit of the appreciation of those assets. But for some people, again, there's no right or wrong. For some people, that's the right play. For other people, they set wider ranges. There we go. I like this. This would be really wide right now with what markets are doing right now. But, and they want to short their position. They say, "I don't want to lose dollar value." Cool. Now, there's multiple ways to hedge a portfolio. We we were in I think this was UIG last week. I was on a nope, this was a pro group anyway UI related. I was on a call. Sometimes we hold these zoom rooms and someone was asking about they wanted to go delta neutral like how can I every single day ensure that I am delta neutral and I told them that's very very difficult. That is because the second you're hedged, five seconds later, you're not perfectly hedged. The price is going to move around by a couple cents or a couple dollars. You're not perfectly hedged. You'd have to constantly readjust. That's going to cost a lot in fees and literally it makes zero sense. It's easier to set a point in the future to say, "Hey, if the price hits this, I recoup my impermanent loss or my dollar cost val or my dollar value of my portfolios kind of We'll call it depreciation. Let me know if you're still here. Layer strategy is great, too, with Sentinel, layered, Russian doll. There's so many different freaking strategies. I like this because it's as hands-off as possible. If you're patient, a lot of people will open a short and then the price starts bumping up a bit. They freak out, they close their short, and then the market tanks and like, I lost money on my short and then I wasn't protected. This only works if you're patient. You don't always have to open a short right off the bat. I will sometimes open. See how many variables there are? It's not so black and white. If it was, we'd all be millionaires in here or billionaires. It's not so black and white. You're always making a decision. You're assessing the markets and you're making a decision. I know people freaking make this sound easy. Now, just click these buttons. You're perfectly hedged. Like, you're not. It's not difficult. You just have to understand all the variables. And the more you understand the mechanics of LPS and the mechanics of markets and cycles, the easier this is to get. And if you are impatient, then don't do any of this. If you are extremely impatient and you like to click buttons, I would highly suggest just buying Bitcoin, forgetting you have it for the next 10 years. You'll be profitable. If you want to be three, four, 5x more profitable, then you'll have to be get a little more active. And it does take time to learn how to be patient.
Okay. Uh, did I order this? One sec here. Oh, I didn't. But now I did. Beautiful lunch. Um, we're in the new HQ, by the way, which we are going to be sending out invites soon. If you're in the UI or FastTrack, you have invites to come join us in the HQ here, which is freaking sick. It's really getting there. Anything else I want to add? And then I want to do some questions. Yes. So, we are picking a point in the future saying, "Hey, if the price of ETH slips down to $1350, my LP will go from $100,000 to $88,000. I need my hedge to be profitable by $12,000." And you open your position accordingly. You can use GMX or or whatever you want to use. That's that. It's that simple. Now, there's some variables. Do I want to open the short right off the bat? Well, where's the market at? I'm pretty bullish, so I don't want to open a short right off the bat and then lose, you know, have to pay back that short at a at a I don't want to lose money on that short. I want to make money on that short. So, maybe I'll open it up, you know, five to to to depending how wide your range is. here. This is a 15% wide. So, you may want to open it two and a half% below your entry price. I'm kind of bearish right now. Okay. Open up your short, protect the downside, and maybe just have a pos and and and close the position 2 and a half% above your entry if you enter at, you know, you get the point. Defibody can help you calculate some of that, but that's just easier to calculate for yourself on a computer. I'm just sharing examples. Uh, I had one that was 5%. So, I was pretty bearish. I opened a position. I was hedged and I in my head I was in a 30% wide range. So, 1515 and I was okay to take a 5% loss on my short, which was actually less because your LP is gaining value and you're earning fees if I'm directionally wrong. I think it went up to like 4% and I was like, okay, well, if I have to close it, I got to close it. I was wrong directionally and then all of a sudden the asset tanked and I was fully protected to the downside. You have to be patient. If you're watching the charts every hour trying to like I only want to lose half a percent. I mean, one little wick can knock you out of any of this very very quickly. Man, we don't have I could spend forever talking about this. By the way, I haven't understood hedging completely. Would like to learn more before I implement. And I I recommend everyone in here, could you commit $10? Go open an LP for five uh go open an LP for $75. Go wide. Go 40%. 2020. Use DeFi Buddy. Take the leftover $25. Use 2x leverage. It'll be around that. It'll be a little more. Probably 3x leverage. Short that position. And you only have $10 at stake, which we won't lose all of it. Worst case, you'll lose five bucks of it because you like learning. I'm all about short loops. We even had a fester client who joined with a million bucks and I had him start with $1,000. He's like, "I want to deploy all million dollars." And I'm like, "You're deploying $1,000. I am not letting you deploy a million dollars. I know you're gung-ho, ready to go." He deployed a thousand, lost some, made some, learned, and then started scaling it. A lot of us bite off more than we can chew. Even the UI, I don't care if you have a,000 or 5,000 or 10,000. I'm like, "Start with 10 bucks. It's low stress, low pressure." Yeah. Good. Yes, that's right. You did some You did well. I made 45% on my hedge. Good timing of opening hedges. We were heavily and I don't like doing this cuz like I'm not trying to shame anyone, but I'm just like everyone was talking about insane bull run. We were heavily talking about hedging a few weeks ago. It's like hedge your bets, hedge your positions, hedge your positions. You never freaking know. This is a good question here. So again, this is why we want to be hedged because we can avoid this situation. Don't be hedged if you don't mind. You don't have to be hedged if you don't mind buying up that asset. That's fine. The snuggle does not remove impermanent loss. I think people misunderstood this or misunderstand this. A snuggle will not help you recoup the impermanent loss. It can help limit some of it. It can help slow some of it down, but at the end of the day, you're still locked in a permanent loss. There's no way around it. Zero way. The camera does something weird here. So last week when sold, I chased price down and snuggled in 100% soul. So you snuggled, got 100% soul. This probably kept dropping, eating up a bunch of LP capital. How can I recoup my LP capital using the snuggle? You can't. Um, you can't. You have some hard decisions to make here. You're either okay with it and you're, you know, we've hit a bottom. You're like, sweet. And you're in probably like 90% or more soul. and you're just looking to work your way back up and recoup some of that, which again, you won't. It doesn't work that way. You're going to lose more on the way down than you'll gain on the way up and earn good fees to recoup some of that. Without a hedge, you will always eat up AIL. Doesn't matter what snuggle or what method you use. Do you recommend another strategy? I would like all my LP fees I earn to go where increase my treasure have a tight range. 5% is really tight, too. really tight. Um, especially on soul like you're going to constantly be rebalancing. You better those the returns you're earning on it just do the math but the returns you're earning on it better be in the 500% plus or else it's going to be very hard to keep up with IIL as you keep rebalancing this thing at 5%. That's wild. I'd be looking at 30 35 40% wide on soul depending what the market does over the next few days. We're sold at right now. Let's have a little look. Can you still see my screen? Um I'm going to go we're going to go here. Cool. Let's have a look. Let's have a look. Let's have a look. Yes, this is fun for me. Uh no, we can't see my screen. Okay, there we go. Beautiful. Alrighty, let's have a look here. Let's have a look. Let's have a look. Yep. Yep. Yep. Um, well, we're well under the 200 week RSI one, two, three. Getting deeper and deeper into oversold. This doesn't really matter for soul. Got it. Hey, I would be looking at where are we? 63 80 90 6 70 80 90 50 50 to 80. It's going to be so hard to recoup this. I if you if you entered somewhere in here and you kept snuggling or rebalancing basically a rebalancing. It doesn't matter what word we use all the way down here. Then you took a final lick here. Got you got multiple options. The one option could be you put it up as a treasury asset. Like you go 100% sold, you put it up as a treasury asset. So you recoup the value you lost and more than you borrow against it to earn fees. That could be one way. Like if you're asking how to recoup, that's almost the only way unless you earn it ridiculous fees. 5% I'm worried about you at 5%. I wouldn't even consider that. I'd be looking at 20 25% and probably um 80% of it in soul. So you'd probably be you'd probably be hugging somewhere around 58 57. Yeah. Yeah. You'd recoup some of it. But remember it's nonlinear. So it looks like this. If you're here and you're in soul USDC, you get to be converted into soul slowly at first, quicker later. Now, if you don't touch it and you go back, you'll recoup all that ILIL. And if you keep going, you'll make more than the IL. But the problem is when you rebalance it, you now earn back slower until you're back in that range. But because you've locked in the ILIL, you're now in a different range. I hope that makes sense. Anyway, I'm trying to make sense. Yep. Let's go. Let's go. Let's go. Yeah, it it absolutely takes patience. Lost money on the strategy twice. I wonder how you lost it. Was it because the markets pumped and you were in a short or was it because you didn't open the short or you did That's the only two ways you kind of lose, so to speak. You open a short but the market pumps and you don't close a short in time. Yes, Jay Bangit. Uh, I I always do that. I will take the profits I make on a short, replace the IIL in my LP. And let's just say with the $100,000 example, let's say your LP goes to 88K, but your hedgeim's 12K. You can exit your LP, lock in the 12K loss, add the 12K profit, you're back at 100K. No downside to it. You're good. you still have your treasury assets and you can reopen a position with no fear of any kind I you're not waiting to recoup the IL etc. Sweet any any I know it's 12:30 I'm trying to make these half hour because I've got so many freaking commitments right now. We have been growing over the last few weeks like crazy on the business side of things. It's just fun when the markets when we know when all you see on Twitter is 90% of the market losing and you see the community and clients winning. There is something it's I'm going to use the word funner. It's funner now than it is when the markets are pumping because everyone's making money when the markets are pumping. Any idiot can make money. You just throw money in the market and you make money. Well, you make money on paper. Most people don't lock it in. Um, do you guys have the cycle calculator and the ladder out tool? That's a free tool. I sent it out via email today. Does everyone have that? Please use it. Yes. Market went up, triggered my stop loss, the market went down, so lost money. What um, this is great. Thank you for sharing this, Project Monro. What was your margin for what you were willing to lose if the market went up? I use a ladder approach as well, by the way. Even if I even if I open a short and gets kicked out, I'll still reopen a short or at least place an order in to open that short back at where I placed it because many time the market drops back down and I'll recoup a lot of that. It does take discipline. It's not trading, but it it'll take it's it's like there's there's a spirit of trading involved. a spirit of discipline for sure involved. Yes, that is. I mean, maybe you're using a um um when I compound or harvest fees, you're probably I'm guessing using VFAT as the tool to help you do it over like on Aerody or Uniswap. And yes, you'll just get um some assets kicked back into your wallet uh every time you do it 100%. Yeah, that makes sense. Yeah. Uh, you could just read it. It'll show you exactly why. Like next time you're hovering over it or you want to make a decision, it'll show you we're going to swap this for this, this for that, and this is just going to go into your wallet. I'm fully into the asset 63 to 150 to earn yield and appreciation. Got it. Cool. One-sided pools, I think, are the only way to do it, unless you're in a massive bull run and you still want to earn fees on some assets. But you got to do the math on that, too, by the way, because that's not always the best option either. Yeah, absolutely. Needs practice. That's I could everyone in here, can I get a yes? Whether you're watching the replay or you're here, start with 10 bucks. If it intimidates you, start with 10 bucks and get five reps in. It'll cost you a total of $50. You're not going to lose all $50. You might see 10 or 15% down on that. So, the total cost of learning this with five reps is going to be probably $15 unless like you royally f it up and you lose half the 50 bucks. If that's too much, start with 10 bucks and open up $2 ranges and positions. Doesn't matter what it is, even a dollar because then you can just pretend it's a hundred because it's in cents. Of course, you're going to, you know, be be be aware of the fees you're paying. Do it on a chain like base that has basically no fees. Um, you don't have to learn it with, you know, $50,000. That's a that's a heavy cost of learning. Who else just joined us? They joined I was doing um yes two I believe they have ah I don't want to make this up. I I don't want to get this wrong. I think they have like $5 million, but they only have access to around 1.5 for the crypto because he is pledged against something. Anyways, it doesn't matter what the details are. And I don't care if you have $1.5 million, $10 million, $100,000, $10,000, $5,000, $1,000. I will still say the same thing. Usually, we say 10% to start. So, if you have $1,000, you're going to start with a hundred. If you're going to start with a a million dollars, that's where I'm just like, "Okay, let's not start with a hundred grand." That rule flies out the window. Start with a,000 bucks. Start with 100. No different. Project monster. I see the portfolios. I don't have a million dollar pool open, but I've had quarter million dollar pools, $400,000 pools. Again, get into pools with deep liquidity. You're not going to get into you're not going to get into a pool with a million dollars that has, you know, $2 million liquidity or TVL. But the strategy doesn't change. The numbers stay the exact same. We've had clients with multi-million dollar portfolios where we're breaking up like $250,000 per pool. The strategy does not change. If you know Ether BTC price will eventually go back up, absolutely not. It will go back up. We don't know when. All a hedge is, this is the simple, I want everyone to look at their portfolio. Can you do this for me? Then I'll get out of here. Look at every position, every investment you have. Look at your thesis, whatever that may be. So for you, um J7 prod, you know, Bitcoin is going to go back up. I'm in this position. Don't want to We'll skip that. I'm in this position. Bitcoin is going to go up. It's going to go up to here. Sweet. And if I'm wrong, this is the question I want everyone to ask for every position you have. If I'm wrong, what's going to be the price of me being wrong? And am I willing to eat that price? Or do I want to hedge it completely or at least some of it? You don't get your hedges perfect either, by the way. But if my LP drops in $25,000 worth of value on a4 million position, do I want to eat that $25,000 loss? Am I okay with that? If the answer is no, cool. But what if I could protect 18,000 of it, 20,000 of it? Because I'm not willing to open a short right off the bat. No problem. I'll open a short if the price hits this. And if I recoup the bulk of it, I'm cool with that. What's really cool is the reverse. I don't know if you guys have experienced this when you're hedging with the strategy we're talking about here, but you may open a short. This has happened a few times. And let's say on a $100,000 position, let's say your LP is worth around 95 cuz you're halfway down the range. You're halfway down to the bottom of your range. So you're you're kind of like, you know, 75% of the way down on the full range. Your short is in profit. Let's say your LP. I'm just sharing random numbers here, but you're probably down around $4,000 and your short maybe up $5,000. There's many times where I see the market slow itself down and I'm like, you know what, I think we're done bleeding. Cool. Lock in the profit in my short and then I'll open a short or I'll be ready to open a short a little bit lower, but the market just moves back up. My LP regains its value and I keep the profit on my short of $5,000. That happened to me like four weeks ago and I was like, "Oh, cool. That's an extra five grand." I did just buy another car that I pick up on Friday and it is a V12. If anyone guesses the exact car, maybe we'll do something for you. Um, but that five grand helps. That's a little bit of gas money. So, when the market moves down, it becomes easier. Now, it it is difficult because you have to make the call. If you open shorts right off the bat, or if you open your hedges right off the bat and the market moves up and it doesn't slow down, you've got to cut the loss at some point. But again, you're taking a small think of it like a it's it's a small cost of opening an insurance policy. If you're wrong, it might cost you 1%. Cool. But if you're right, you'll protect the whole downside. I'm willing to put that bet I'm willing to place that bet over and over and over. Even if I keep taking little 1% haircuts here and there, eventually I'm putting up one or maybe even 2% like 2% haircut to protect the downside. And when the markets do do what they just did, it's worth it 25fold. Does that make sense? Sweet.
I got to prep for a UI call. So, I am going to stick to that because I owe it to our members and our clients. I'm going to prep for a UI call. Every Wednesday we do every coach and everyone in the UIG comes on to share what they are seeing. If you are in the UI, please show up for that call. We've got a really cool announcement too actually about an affiliate program. UIG members just get extra points. There's already a ton of you making money. Um, in the spirit of cash flow and income, we built an affiliate program. We did a long time ago, but it was janky. We um now have professional dashboards, autopay, all of that stuff. And for every member or every referral, it's not just a one-time, it a recurring payment. So people are literally just getting paid every single month for doing no work except the initial kind of sharing it. Um, and UIG members get a few extra things. The percentage I believe stays the same. This is more of a build question. The percentage stays the same, but they get some other perks. And then uh they also get perks for um right and then I think it's like I don't want to make this up but if you refer x amount of people UIG becomes free. If you refer even more than that people then we also start like hey come into fasttrack like perks start appearing but at the end of the day uh we give up 20% of our business for doing absolutely nothing which is very high in the affiliate world for this kind of stuff and it's recurring. So every time you bring someone in you can I think you can learn about this stuff on the website. I'm talking about it in the UI a bit today. I didn't plan on talking about it today here, but if you do want more info on that, do let me know. Uh, and I also am doing interviews. So, some people are like, "Hey, I want to be an affiliate. I want to share the link. I've got a channel or I'm doing the social media stuff. Uh, do you want to come on and and do a segment?" We share that out. It shares it grows your audience. And if it grows your audience and your viewership and you do get UIG members and you grow our brand because of it, then you get paid for it. So, it's been a fun thing to build. Um, I'm sharing some of that, but most of my call is around uh what I'm seeing in the markets right now, what I'm doing, how I'm thinking about it, and why I'm deploying more capital than I ever have aggressively. Very aggressively. Appreciate you. I will see you in next week's live. And uh just let me know if you're watching if you want the cycles and the ladder out tools. is totally free. I won't even put it behind a uh it's not a Austin Martin. It starts with an F. We don't need to talk about it here. I'm very excited for it. Um I want for a long time. Anyway, with that said, um we'll connect shortly here. Cool. I'm going to prep for the UI call. Peter, I'll see you there shortly. And anyone else there, I'll see you shortly. Appreciate y'all. Peace.