The hottest Trading Substack posts right now

And their main takeaways
Category
Top Finance Topics

There are Complex-Number One-Norm Square-Root of Probability Amplitudes of 0.006 in Which Sam Bankman-Fried Is Happy

Brad DeLong's Grasping Reality • 676 implied HN points • 05 Oct 23
💰 Finance Trading
  1. Amplitudes in quantum-mechanical superposition relate to philosophy-of-probability vs. psychology.
  2. Understanding the Kelly Criterion for betting based on win-loss odds and maximizing returns.
  3. Traders use the Kelly Criterion for survival, making positive-value bets, and psychological factors.

Decentralized Exchange Comparison

DeFi Education • 999 implied HN points • 26 Aug 21
🔮 Crypto Trading
  1. Decentralized exchanges, or DEXs, are becoming more popular compared to centralized ones like Coinbase or Kraken. They allow users to trade crypto without needing a middleman.
  2. DEXs offer more control over your assets since you’re not relying on a centralized platform. This means you have the power to manage your own funds directly.
  3. This comparison is a helpful resource for understanding the different DEX options available. Keeping this information handy can make trading easier.

The Treasury Market Evolution

Concoda • 524 implied HN points • 11 Jan 24
💰 Finance Trading
  1. U.S. officials are triggering a transformation in the Treasury market structure.
  2. The rise of principal trading firms brought complexity to the Treasury cash market.
  3. Market players must adapt to a new centrally cleared regime by December 31st, 2025.

Demystifying Liquidity

DeFi Education • 659 implied HN points • 01 Mar 22
🔮 Crypto Trading
  1. Liquidity means how easily you can buy or sell something without changing its price too much. Cash is the most liquid because it can be used right away.
  2. In crypto, anyone can provide liquidity by pooling two assets for others to trade against. This is not something you can do in regular finance.
  3. Measuring liquidity is important because it helps understand how quickly you can make transactions. If an asset has low liquidity, selling it can be harder and may hurt the price.
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Prediction Markets Grow Up

Net Interest • 12 implied HN points • 05 Dec 25
💰 Finance Trading
  1. Prediction markets have rapidly scaled up: millions of users, weekly volumes in the billions, and top traders winning large sums.
  2. Regulation has softened, with legal wins and exchange approvals letting platforms offer political and derivatives-style contracts and join mainstream financial debates.
  3. The main fight now is for liquidity and market design — firms are raising huge capital and competing to attract traders so these markets can run as smoothly and widely as stock exchanges.

Fighting The Fed

Points And Figures • 426 implied HN points • 27 Feb 24
💰 Finance Trading
  1. Interest rate futures, including SOFR and Fed Funds, are indicating market expectations of rate cuts by the Federal Reserve by the end of the year.
  2. The author predicts that the Federal Reserve will not lower rates in 2024 due to concerns about inflation and unemployment.
  3. Considering predictions about the Fed and interest rates, strategies like buying real estate without waiting for lower rates, buying out-of-the-money puts, and playing butterfly spreads are suggested.

1Inch - Focus on Activity/User Growth (Part 1)

DeFi Education • 739 implied HN points • 03 Sep 21
🔮 Crypto Trading
  1. 1inch is a platform that helps users find the best trade prices across different exchanges. It makes trading easier and more efficient for people.
  2. The focus of 1inch is on growing its user base and increasing activity on the platform. More users means more trades and better liquidity.
  3. The platform is similar to traditional brokerages that help customers get the best deal when trading. It's all about providing good service for traders.

Putting The "Ce" In "DeFi" (Part 2) - Bancor Explained (Important Read)

DeFi Education • 419 implied HN points • 29 Jun 22
🔮 Crypto Trading
  1. Bancor is a decentralized exchange (DEX) on Ethereum that offers protection against impermanent loss for liquidity providers. This means it helps users avoid losses when the value of their assets changes while being locked in the exchange.
  2. Impermanent loss happens when the value of liquidity provider tokens is different from holding the assets directly. Bancor aims to minimize this difference for its users.
  3. Bancor uses its own token, BNT, to cover any losses that liquidity providers might experience. However, this protection is currently paused due to challenging market conditions.

Perpetual Swaps / Intro to Derivatives

DeFi Education • 639 implied HN points • 31 Oct 21
🔮 Crypto Trading
  1. Derivatives are financial contracts that get their value from underlying assets, like futures and swaps. They help traders in risking less money for potentially larger rewards, but also come with increased risks.
  2. Perpetual swaps are a popular type of derivative in crypto because they allow traders to hold positions indefinitely. This means you can bet on price movements of cryptocurrencies without actually having to own them.
  3. Using futures allows for predictable costs and known risks, while perpetual swaps offer more flexibility but with variable costs. Traders can choose based on whether they prefer stability or flexibility in their trades.

Perpetual Protocol (Part 1 of 2)

DeFi Education • 559 implied HN points • 06 Nov 21
🔮 Crypto Trading
  1. Perpetual Protocol is a decentralized exchange where users can trade derivatives. This means you can buy and sell contracts that represent an underlying asset's value without owning the asset itself.
  2. Users can leverage their trades by up to 10 times. This allows traders to potentially make more money, but it also increases the risk of losing more.
  3. The protocol uses a specific token called PERP. This token is important for conducting trades and participating in the platform's governance.

Ahead of the (Yield) Curve

Pivotal • 132 implied HN points • 04 Dec 24
💰 Finance Trading
  1. The story highlights the importance of adapting to changing market conditions. The team learned they needed to pivot their strategies quickly to stay ahead in trading.
  2. Building successful trading systems requires not just good math, but also understanding market behaviors and managing risks effectively. The approach taken focused on quickly executing trades to capitalize on market noise.
  3. Competition plays a big role in financial markets. As more players adopted similar strategies, the initial advantages of their system decreased, emphasizing the need to continuously innovate.

Perpetual Protocol (Part 2)

DeFi Education • 539 implied HN points • 10 Nov 21
🔮 Crypto Trading
  1. Perpetual Protocol makes money from trading fees, earning 0.1% on every trade. In 2021, it generated $31 million in fees.
  2. Valuation methods like Price to Earnings help understand the protocol's financial health. It's a useful way to analyze how well the platform performs.
  3. The post also discusses other decentralized exchanges (DDEX) such as dYdX, GMX, and MCDEX as alternatives to Perpetual Protocol. This comparison can help users choose the best option for trading.

New Pokémon Boxes are LIVE in the Fortune Spin!

Ronin’s Newsletter • 24 implied HN points • 21 Aug 25
🔮 Crypto Trading
  1. You can now get new Pokémon boxes in the Fortune Spin, which is an exciting way to win some cool cards.
  2. Each sealed Pokémon box represents a physical box full of booster packs, giving you a chance to find rare cards.
  3. Spinning for the boxes costs 275 USDC, and you have options to keep your prizes as NFTs or receive the physical versions.

NFT Trading Contest: Lumiterra Edition

Ronin’s Newsletter • 98 implied HN points • 28 Nov 24
🔮 Crypto Trading
  1. There is a Lumiterra NFT Trading Contest happening from November 28 to December 8, where you can compete for rewards by trading NFTs.
  2. The top 100 traders can share a prize pool of 14K RON, and you can also earn raffle tickets for more chances to win rewards.
  3. Make sure to trade Lumiterra NFTs worth at least $10 to earn raffle tickets and keep your trades within the contest dates to qualify.

FriendTech: The Good, The Bad & The $

The Loop News • 58 implied HN points • 19 Sep 23
🔮 Crypto Trading
  1. The FriendTech platform has bugs and is not yet up to Web2 standards.
  2. The onboarding process for FriendTech may not attract retail users.
  3. Speculation and farming are prevalent on FriendTech, but there are strategies for trading and farming for both small and large portfolios.

Notes on Trading using Tom Dante's teachings.

Philoinvestor • 58 implied HN points • 26 May 23
💰 Finance Trading
  1. You are the edge in trading, not the systems.
  2. Tom Dante created the Demon Finder tool to identify and clear trading mistakes.
  3. Common errors in trading include boredom, FOMO, fear, moving stops prematurely, biased thinking, and lack of discipline.
  4. Remember in trading: no free trades, don't rely solely on momentum, profitability in a niche is useless without patience.

The Katana V3 Upgrade is LIVE!

Ronin’s Newsletter • 86 implied HN points • 02 Dec 24
🔮 Crypto Trading
  1. The Katana V3 upgrade is now available, helping liquidity providers manage their capital better and earn more rewards. Traders can look forward to more efficient trade execution and lower slippage fees.
  2. Liquidity providers can create concentrated liquidity positions at specific price ranges, which helps reduce the risk of impermanent loss and lets them earn more from their tokens.
  3. New features like customizable fees and the Smart Order Router improve trading options, encouraging deeper liquidity and minimizing slippage during trades.

On Crashing In The Absence Of An Actual Market

QTR’s Fringe Finance • 25 implied HN points • 23 Jul 25
💰 Finance Trading
  1. The stock market is currently driven by factors like meme stocks and options trading, which might not reflect real market demand. This means we might not have had a genuine buyer in a long time.
  2. Meme stocks are becoming popular again, but their price rises often have no real basis in company performance. This shows a serious issue in how the market currently works.
  3. There are significant risks in the market due to the reliance on passive buying and options gamma. If these trends reverse, it could lead to a major market crash.

Tama Meme is LIVE!

Ronin’s Newsletter • 61 implied HN points • 21 Jan 25
🔮 Crypto Trading
  1. Tama Meme is a new platform on Ronin that lets anyone create and launch their own tokens easily. You just need to connect your wallet and fill out some simple details.
  2. If you use a referral code while signing up for Tama Meme, you get a 5% discount on trading fees. Plus, you can earn 5% from the fees of anyone who uses your referral code.
  3. Tama Meme is just a start for the open Ronin community, allowing users and creators to get involved and grow together. It's a fun opportunity for builders in the gaming and crypto space.

Welcome to Ronin, Drip!

Ronin’s Newsletter • 24 implied HN points • 04 Jul 25
🔮 Crypto Trading
  1. Ronin is now offering Pokémon cards as NFTs, allowing users to buy, sell, and collect them digitally. You can also redeem these NFTs for physical Pokémon cards.
  2. There are special machines in the Ronin marketplace where you can win different rarity Pokémon cards by spending RON tokens. Each spin has a chance to win rare and sometimes ultra-rare cards.
  3. To get your physical card after winning an NFT, you have to claim it in your Ronin Wallet and then redeem it through Drip. This process lets you hold the card in real life as well as digitally.

Walk in the Pines #132

Pinecone Weekly Brief • 39 implied HN points • 17 Sep 23
💰 Finance Trading
  1. The post shares various recommended reads, listens, and watches of the week.
  2. It includes links to interesting articles, podcasts, and videos for further exploration.
  3. The content seems focused on macroeconomic research and investment-related topics.

Trade Ideas for 2025

The Last Bear Standing • 53 implied HN points • 27 Dec 24
💰 Finance Trading
  1. There are 17 stock ideas for 2025 that include 10 buying opportunities and 4 stocks to sell. These ideas focus on different industries and market trends.
  2. The author had success in the past year by betting on precious metals and cryptocurrencies. This year, the focus shifts entirely to equity markets.
  3. The listed stocks cover various topics like space expansion, energy storage, and datacenter needs, showing a diverse range for potential investment.

Collection Offers are LIVE on Ronin Market!

Ronin’s Newsletter • 24 implied HN points • 11 Feb 25
🔮 Crypto Trading
  1. You can now make a single offer for all NFTs in a collection on Ronin Market. This makes buying easier since you won't have to make separate offers for each NFT.
  2. Sellers will see more offers on their NFTs, which means it's easier to sell and get quick cash. It’s a win-win for both buyers and sellers.
  3. There's a special trading contest where using Collection Offers will earn you extra points until March 10th. So it's a great time to try it out and boost your score!

Degenesis: How to source memes to trade, perform DD, and size your bets

Boltzmann Soul • 2 HN points • 28 Jun 24
💰 Finance Trading
  1. Understand how to source memes for trading by looking at opportunity identification and filtering through platforms like Dexscreener.
  2. Perform due diligence on meme coins by checking for burned liquidity, mint and freeze authorities, holder distribution, and top trader PnL health.
  3. Size your bets based on the Kelly criterion formula, considering probabilities of success and potential bet gains. Tactical execution includes recycling costs, dollar-cost averaging, and follow-on investments.

Short-term contrarianism, hedge fund edition

Klement on Investing • 2 implied HN points • 27 Nov 25
💰 Finance Trading
  1. Hedge funds trim positions in stocks that have high short interest and are approaching their 52-week high, and they add to stocks with low short interest that are drifting away from their 52-week high.
  2. This positioning pattern is specific to hedge funds and isn’t observed with mutual funds or other types of investors.
  3. The trade appears to work short-term: high-short stocks near their 52-week high tend to fall over the next quarter, while low-short stocks far from their high tend to rise, producing profits for hedge funds.

The Life of Ven

Malt Liquidity • 10 implied HN points • 20 Jun 25
💰 Finance Trading
  1. Retirement is more of a mindset than a financial status. It's about how you choose to spend your time and find purpose, not just about having a lot of money saved.
  2. High-pressure situations can be draining and create anxiety. It's important to focus on what you can control and find ways to manage stress for better performance.
  3. Privacy and not caring about social status can be luxuries. When you free yourself from societal pressures about wealth, you can enjoy life more authentically.

Wall Street Whiners

Diane Francis • 159 implied HN points • 04 Feb 21
💰 Finance Trading
  1. A lot of people online worked together to drive up GameStop's stock price, which scared traditional Wall Street investors. This event showed how social media can change the way stocks are traded.
  2. There's been a lot of talk about this being some kind of illegal scheme, but really it was just people using trading apps to invest without proper oversight. Wall Street's concerns seem a bit hypocritical given how they often exploit loopholes themselves.
  3. Regulators need to adapt to these new trading methods and keep an eye on social media's role in the market. It's important to ensure that investing remains fair and doesn't become just a game.

The edge in trading IPOs: 18% annual return

Quant Trading Rules • 2 HN points • 08 Jun 24
💰 Finance Trading
  1. Marsten Parker's IPO trading strategy focuses on frequently buying and selling IPOs shortly after they go public, with clear rules for entry and exit.
  2. Buying IPOs at all-time highs showed a significant edge over buying non-IPO stocks at all-time highs, with IPOs performing better after 20 days.
  3. Tweaking profit targets and stop-loss orders in IPO trading strategies can significantly impact annual returns, demonstrating the importance of optimizing these parameters for better performance.

Searching for von Neumann

Malt Liquidity • 12 implied HN points • 14 Feb 25
💰 Finance Trading
  1. Finding purpose and fulfillment can be hard, especially when success feels empty. It's important to keep moving and searching for what truly matters in life.
  2. Recognizing our intellectual heroes, like John von Neumann, can inspire us, but it’s also crucial to understand that not everyone's contributions are widely acknowledged.
  3. The changing perception of careers and value in society can lead to a more significant transformation. Future views on work, retirement, and success may look very different.

Ronin Market NFT Trading Contest Season 1 is LIVE!

Ronin’s Newsletter • 12 implied HN points • 10 Feb 25
🔮 Crypto Trading
  1. The Ronin Market is having an NFT Trading Contest from February 10 to March 10. Anyone with a Ronin Wallet can join and earn rewards.
  2. There are over $100,000 in total prizes available, including cash rewards and special tokens for the top traders. The competition will reward traders based on their trading volume.
  3. New features like Collection Offers simplify trading by allowing users to make offers for all NFTs in a collection, making it easier for buyers and sellers.

Malta Liquidity

Malt Liquidity • 12 implied HN points • 08 Feb 25
💰 Finance Trading
  1. Travel can often feel like work, and it's not always enjoyable. Sometimes it’s more about experiencing new places than actually immersing oneself in them.
  2. Taking breaks is essential for clear thinking. Finding time to think deeply without distractions can help improve creativity and problem-solving skills.
  3. Retirement is more about having the freedom to choose how you spend your time. It’s not just about money; it's about being content with how you live your life.

Volatility "Can Be Beneficial": Trading The Election Results

QTR’s Fringe Finance • 14 implied HN points • 09 Nov 24
💰 Finance Trading
  1. Volatility in the market can actually provide good trading opportunities. When things are uncertain, smart traders can find chances to profit.
  2. Listening to expert traders can be really helpful, especially those who are honest about their successes and failures. It helps build trust and understand the market better.
  3. Election results often change market dynamics, creating unique situations for investors. Keeping track of these changes can be essential for making informed decisions.

3 Market Indicators On Watch Into End Of Year

QTR’s Fringe Finance • 12 implied HN points • 09 Dec 24
💰 Finance Trading
  1. Watch key market indicators closely as we approach the end of the year. They help in understanding the market trends.
  2. It's important to have reliable sources for market analysis, and some contributors have years of experience and honesty in their trading.
  3. Always remember that trading options can be risky. Make sure to consult a financial advisor before making any financial decisions.

What is Capitulation ?

Shivansh • 1 HN point • 13 Jun 24
💰 Finance Trading
  1. Capitulation happens when investors lose hope in the market and sell their investments at low prices, often during tough times like a financial crisis.
  2. Technical analysis, like using candlestick charts, helps identify capitulation patterns that signal potential major changes in price trends.
  3. Capitulation can present opportunities for profit, depending on whether an investor is in a long or short position - it's neither inherently good nor bad, but a strategic move.

Day 1: The Dawn of Icarus

Malt Liquidity • 12 implied HN points • 01 Nov 24
💰 Finance Trading
  1. It's important to adjust your trading bets based on how much money you have. If you don't, you risk losing out when the market goes your way.
  2. Scalping small trades can be effective, but be careful not to overtrade. There's a fine line between making smart quick trades and making too many trades without focus.
  3. Staying invested in the market, even if it's not moving much, can pay off. It’s better to be in the market than trying to guess when to get in or out.

The Best Trades "Often Take A Little More Patience" To Develop

QTR’s Fringe Finance • 11 implied HN points • 25 Nov 24
💰 Finance Trading
  1. Good trades often need more time and patience to develop, so it's smart to be patient in the market. Don't rush into decisions just because you feel pressured.
  2. The semiconductor sector is very strong right now, particularly companies like Nvidia, but it's important to be cautious because not all companies in this sector are doing well.
  3. Keep in mind that trading can be risky and it's always best to consult a financial advisor before making big decisions. It's okay to seek advice, but ultimately, you're responsible for your choices.

Quant Letter: May 2025, Week-4

The Parlour • 4 implied HN points • 30 May 25
💰 Finance Trading
  1. Using machine learning can help build models to categorize investors based on their behavior. This method faces challenges in being validated and understood.
  2. Research is exploring how to optimize portfolios over a longer time frame. This could help in making better financial decisions.
  3. Synthetic data created by agent-based models can provide valuable insights for testing and understanding trading strategies.