83 RunnerXBT
Sep 4, 2023
Runner is an orderflow trader that focuses on altcoins and narratives. In his free time he likes long distance running, golf, table tennis and hardcore music.
What attracted you to trading?
I was always into numbers, before entering markets, I had multiple businesses in marketing and logistics, so calculating returns and whatnot was always close to me
Did they equip you with any skills relevant to trading?
Definitely, “dedication” and having a solid plan. I think, in a way, that the experience is an edge on its own, as I didn't start clicking buttons from my mom's basement without any prior real-world experience.
How long have you been trading, and what markets have you traded over your career?
Full-time for just under three years. I’ve only traded crypto and a tiny bit of single-name stocks but pretty much only crypto.
How long did it take you to become profitable? Were there any major milestones where things just started to click?
It took me around two years when stuff started to click. Obviously, in the bullrun I made a bunch of money, but looking back, I was destined to give it all back. A lot of things started to really click once I started my internship for SimAlpha.
in the bullrun I made a bunch of money, but looking back, I was destined to give it all back.
What changed?
I think how Sim explained his orderflow analysis to me is simply what was the last missing piece for me after having studied Adam’s (Abetrade / Tradingriot) material for a long time. Probably just little tiny details, my internship was extremely short, barely 2 months, if that.
What does a typical day look like for you?
Every morning I check what happened overnight, price action on BTC and my watchlist, which includes a few coins that I would like to trade or I hold a position in. My day isn't really split; mornings as a European are usually slower and more chill, and afternoons are more news-packed, more volatility etc. But I feel like I always have the same windows open, BTC chart, my watchlist and socials (Discord, Telegram, Twitter), I try to stay online until NYSE close.
Who did you look up to when you first started trading?
GCR and Adam. I believe all of us here who are still trying to be “Trader first, sell-out CT larp second” have that tiny itch to become a leaderboard trader. It’s not even about the money, but it’s the ultimate “clout”, and the fuck-you-money is just a bonus on the side. GCR just showing Soros-level balls, honestly. Max conviction. Here for the maximum profits. Respect.
It’s not even about the money, but it’s the ultimate “clout”, and the fuck-you-money is just a bonus on the side. GCR just showing Soros-level balls, honestly.
Tell us about your most memorable trade
It has to be my LUNC trade when it pumped in September 2022, it was the first time I felt like I had an edge and was able to trade a coin/basket of coins well. The first time I felt in control and felt like I knew what I was doing. It is essentially the reason why I am trading the way I am trading until this day. When there is something very unusual happening, I try to go deep and understand why it's happening, not only by scrolling Twitter but by joining communities of theirs, discords, telegrams, and talking to devs to get a clear understanding what my counterparty is feeling, thinking, anticipating and what would make them worry apart from price going down. When Ive put in the work I was able to trade and compound my position around the events and expectations of the community.
When there is something very unusual happening, I try to go deep and understand why
What’s the best trading advice you’ve been given?
Only trade when you have an edge. (Trader Dante)
What drives you to keep trading?
Firstly the money and actual desire to try to get better, as that leads to better PnLs.
Would you say you’ve ‘made it’? If not, what does ‘making it’ look like to you?
No, I haven’t made it. I don't believe in making it really. It’s a place where you have plenty of money to get by for a number of years, but I think the journey never stops. Even If I one day make it, I don't believe I will ever stop working, be that in markets or somewhere else.
Trading:
What's the most important quality in a trader and why?
Emotional maturity and self-control. As a trader your biggest enemy is always yourself. For me, it took expensive lessons with massive losses to realize what the heck not to do again. It was a combination of proactive and reactive at the same time. I don't believe anybody walks into this job as a trader and is perfect at it from the get-go.
For me, it took expensive lessons with massive losses to realize what the heck not to do again.
How would you describe the way you trade?
I trade narratives on altcoins where I believe their community has extreme expectations, that inevitably lead to disappointment. I focus on ‘sell the news’ events.
Has the way you trade changed over time?
Yes, a lot. I went from trying a bit of everything to doing one thing only. And trying to do that one thing right.
I went from trying a bit of everything to doing one thing only. And trying to do that one thing right.
What's the worst thing about trading and why?
It's an extremely boring job and, for the most part, very lonely. Once you do that for a long period of time it just fucks with you. I find going for long runs and watching stand-up comedy on YouTube helps pass the time.
What's something you've learned in the last 6 months that has made you a better trader?
Being patient with picking the right setups and when the good setup is there, size up correctly. Treating each trade like a project.
What's the mistake you find hardest to avoid when trading?
Sitting on my hands (not trading). This comes down to experience and proper risk management. People get bored because “nothing is happening” and then trade just for the sake of trading, which leads to dumb decisions and outcomes.
people get bored because “nothing is happening” and then trade just for the sake of trading
If you could give someone starting trading tomorrow one piece of advice, what would it be and why?
It will take thousands of hours and you probably won't make any money for a long time. Dont have any expectations in the beginning but that doesn't mean they shouldn't be working hard, a difficult balance.
How would you describe your relationship with risk?
Very risk-averse, I don't risk much. In life, I take much bigger risks than in the markets because I can control a lot of things when IT’S ME being the “captain” of the boat. In the markets, I can get bent over by a bigger player like DWF or GCR.
In life, I take much bigger risks than in the markets because I can control a lot of things
What goals do you set for your trading?
I don't have any goals for trading really. I would like to do well in the bullrun, realize profit and keep most of it, that sounds good enough to me. The market changes every day, long-term goals are hard to set in this everchanging environment.
The market changes every day, long-term goals are hard to set in this everchanging environment.
Fill in the blanks
Most traders would be better off trading on their own instead of copying others.
What separates the pros from the rest is their ability to control their emotions and boredom, meaning, understanding when its time to click and when its time to sit.
A good trader should never not trust their gut / instinct.
The biggest misconception about trading is that its not an exciting job, Wolf of Wallstreet shit. It's super boring, lonely and tiresome journey where you might have long periods of time when you lose money and your time.