Two very different styles! A layman like myself probably finds Raoul's "less-is-more" approach easier to assimilate into everyday life, and even then there is so much going on it's impossible to keep up. I'd rather focus on a slightly narrower universe, understand more and trade less - but each to his own. Eking out 5% here and 10% there isn't what brought me here but the context is valuable, thanks guys. I note only one of Julian's trades reached its "target" which makes me question the utility of the metric...

The last half of 2021 has been a tough one to "trade". I'm mainly sitting tight holding some cash and my existing bags.

For a year where the market was up so big, these returns are downright awful and actually makes me second guess the advice coming from you both.

Would be interesting to see the overall pnl for 2021. Seems most trades got stopped out, seems 2021 wasn’t a good market for breakout trades. Eth, btc and modec killed it though, impressive stamina to ride those winners through multiple substantial drawdowns.

"Ethereum Mar ‘22 $15,000 Calls" is making me very very doubtful. time will tell..

Unfortunately bias in the legacy macro markets seems to be rates and FX skewed- both of which had the volatility sucked out of them. When you consider one of the biggest macro fund managers in the world (rokos) was down ~25% in 2021, the performance of the above portfolios makes more sense. As for crypto, RP has nailed the concept of crypto i cant see how anyone can disagree with that, but why there was never any other L1s added given his commented views on SOL etc being ETH of 2017 is hard to understand

It’s tough to do analysis, trade and sharing the trades. No only there’s the usual pressure of trading, there’s the additional social pressure of putting it out in the open. It’s like that story in the book Zen Golf, where the golf coach is nervous playing on the course, afraid that having a bad shot shows the world that he might be a bad coach. The right answer is to watch how the greats takes hits and keep on moving. In Peter Brandt’s journal/book, his results suffered as a consequence of writing the book, because it made him think too much about his trades. Trading is about performance, especially price action and news trading, which is most of macro. My hats off to both for putting it out there and showing the noob (me) how it is done. Thank you!

hmm. Are Rally and CHZ still buys? I assume so...

Not putting new trades on is more than acceptable, this is waiting game. However without cryptos results/PnL are not satisfactory. Makes me think is my Pro subscription money better spend somewhere else ? We will see, looking forward the next macro insider discussion...

New here. Appreciate the transparency but definitely would like some risk level estimates as well as quarterly performance numbers. Where there opportunities to take profits? As some sort of indicator for high conviction plays. Thanks. Remember we are not investing in them. We are investing in ourselves.

The blame game on Raoul on twitter is gross, it's all a probabilistic bet and until Raoul states that it's macro bearish for a long winter f(Still got that 2017-2020 PTSD bear market -93% portfolio) from what Raoul sees in his world with institutional involvement, I'm sure will be the first to know when it's time to exit. Would love a flash report from the man himself! Keep up the great work Raoul.

New here. Busily trying to absorb and learn this investing stuff, so I know how to talk money and put on a put spread. The march price calls are speculative. RP/Julian are not gurus. A more appropriate question is “what’s your bull/bear case for X asset at the current time.” These calls are dynamic and the priors are updated with regularity, but the overall thesis stands. Can’t wait for this NFT and the Delphi reports!