Learn & Trade 24/7. Backed by Sequoia, a16z, and Lightspeed.
Miami, FL
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- Followers 41,553
- Likes 1,395
Rift retweeted
AUTOMATING YOUR RISK RULES!
If I had to pick some of the lowest hanging fruit for traders nowadays, it’s using AI to create safeguards and automations to better control your risk.
This could mean automating sizing calculations, automating how many tickers you’re allowed to trade, or how much you’re allowed to lose on a position or on the day or week or month.
I know not all brokers allow you to set daily loss limits. But with AI and automation, anything is now on the table.
If you haven’t done any of this, take the time to define your rules and look into ways to protect yourself.
It could even be wildly creative! If your account value dips below a level, all positions are liquidated and you’re locked out of your account. Or your wife or trading buddy is emailed to lock you out and demand a post mortem review!
My buddy @apaley of @riftapp did an awesome video on some creative ways you can do this:
piped.video/rV2h43ruBVQ?si=BJbT…
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Rift retweeted
How cash-out works with MoneyGram Ramps on @riftapp:
→ Send to MoneyGram Cash Pickup
→ Select your location
→ Enter your withdrawal amount
→ Bring your ID + confirmation number to a MoneyGram location
→ Pick up your cash
That’s the bridge from onchain money on @solana to the real world.
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Rift retweeted
For those that are behind and need a quick primer on perps and where more of the trading seems to be headed towards, great video by my buddy @apaley of @riftapp!
piped.video/MmUgZfJMqKg?si=o2-1…
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Rift retweeted
2 years ago I stated that one of my strongest beliefs was that markets would accelerate their move towards 24/7 trading in a world where you can bet on anything.
The decision by @NasdaqExchange marks another move in that direction. Bad for society, but good for the casinos playing house… err, I mean exchanges 🎰🎲
CASINOS STAY OPEN 24/7… SOON, SO WILL THE MARKETS
One of the biggest trends I see accelerating is the increase of 24/7 trading. There is no stopping it. Within a few years I see most products being 24/7. Likely at the cost of health and well-being for traders.
Blue Ocean has been transformative for overnight trading and at the start of the year I was blown away by how much liquidity existed there. International clients are hungry to trade US stocks and US traders want around-the-clock liquidity as well. Since then Schwab and others are racing to be a part of it.
It doesn’t take a genius to understand why. If you’re the house, you make more money the longer you stay open. I’m just shocked this hadn’t happened sooner in 2020/2021.
This year we saw NYSE Arca seek to expand its trading hours and last week we saw the @SECGov approve 24X Exchange, an exchange offering round-the-clock trading.
IMO, this movement is not a good one for the health of us traders. Some of the best opportunities this year came overnight or at awful hours. Potentially profitable yes, also incredibly unhealthy and one of the reasons I foresee myself stepping away even more from the game. It is already hard enough to turn off and unplug.
Boundaries and knowing your limits will become even more important. Trading was already a young person’s game.
The biggest winners from this? The house (exchanges, brokers, etc) & the algos 🤖
Citadel, Jane Street, others, going to just print more money.
Those overnight trading sessions? Im gona be leaving it to you all! 😴🛌
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USDC → @riftapp → @MoneyGram → Cash
Solana rails run all the way to the counter
POV: The Pokémon card dealer only takes cash…
Good thing you can now turn crypto into cash at @MoneyGram with @riftapp on @solana
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Rift retweeted
What does off-ramping USDC on @solana to local cash actually look like?
Check out the walkthrough using MoneyGram Ramps via @riftapp 👇
All it took was 1:27 of my time to off-ramp my USDC on @solana into local cash 🤯
Here’s how you can get started using @MoneyGram via @riftapp today 👇
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All it took was 1:27 of my time to off-ramp my USDC on @solana into local cash 🤯
Here’s how you can get started using @MoneyGram via @riftapp today 👇
FYI, MoneyGram is bigger than you think.
> They’re processing over $200B in annual transaction volume.
To put into perspective what Ramps unlocks for @solana:
• An easy crypto-to-cash & cash-to-crypto solution
• Exposure to 60M+ customers
• Coverage across 170–200 countries
Solana is going mainstream ⚡️
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For all those starting out and wanting to understand trading fundamentals, welcome to Rift Academy 🐵
Download the latest update on iOS! onelink.to/rift
More courses and subjects coming soon 🫡
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MoneyGram Ramps is a single API for compliant cash-to-crypto and crypto-to-cash. Instant credentials, sandbox access, no banking infrastructure required.
@riftapp is the first Solana wallet to integrate.
Read more: solana.com/news/moneygram-ra…
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Rift retweeted
MoneyGram Ramps is now live on @Solana.
Tap into MoneyGram’s on/off-ramp infrastructure to help your users cash in across 25+ countries and cash out across 170+ countries and territories.
@riftapp is the first to integrate MoneyGram Ramps.
Start building: xramps.moneygram.com/solana
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Rift retweeted
TRADE ANYTHING - ANYWHERE - 24/7
For years I’ve been talking about how the financial world is moving towards a reality of being able trade anything at all hours of the day. Monday is another step in that direction when @CMEGroup launches single-stock futures.
What will this mean?
More liquidity, more trading access, and cheaper leverage.
IMO - traditional markets are racing to keep up in a world where sports betting and prediction markets are now vying for attention. At some point in the future, these will be all-in-one platforms with centralizing margin.
Like most technological advancements today, I view this as bullish for productivity and trading opportunities, but bearish for quality of life.
I touch on all these points in my interview with @riftapp co-founder, Alex Paley: piped.video/f_q4gVowr_k?si=Kp9c…
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Closed a short on $IBM right before their Q2 revenue reports. 😵💫
Still a tiny win but…
If I had left it running it would’ve been a huge win.
I had the good reading but got scared of a good Q2 report.
Foolish of me but life continue…
Decided to open a long on it at $217 as I believe technically a bounce to $230 is possible as a relief.
Will IBM continue to play me ? We will see…
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EPISODE #32
Making Millions Trading Options & Perps
The story of @BigTrout300
(1:50) Introduction into crypto
(4:15) Turning point & becoming a full-time trader
(6:55) Development as a trader
(13:40) Leverage
(17:25) Biggest Trades
(20:56) Risk Management
(28:42) Next big opportunity for crypto traders
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Robotics and physical AI had its biggest quarter on record. $16B across ~500 deals in Q1 alone.
Here are a few tradable markets on Rift you may want to set alerts for:
$TSLA - humanoid robotics / Optimus
$BOT - robotics and physical AI basket
$NVDA - robotics AI + simulation
$AMZN - warehouse robotics
$MSFT - enterprise AI + autonomous systems
$AMD - AI chips
$MU - memory
$HYUNDAI - humanoid robotics / Boston Dynamics
$SAMSUNG - chips / sensors / components
$SKHX - memory
$USAR - building domestic rare earth supply chain
We built a free tool that tracks where narratives like this sit in their hype cycle, their relative strength vs the S&P 500, and more linked below. ⬇️
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