slux
Trader. Builder. Keeping score in the open.
I run Second Order — a one-person desk that trades the second move and writes down the thinking behind it. No fund pedigree, no inheritance, no shortcut. Just a long position in compounding and a habit of questioning the obvious read.
Ordinary start. Stubborn climb.
I didn't come from money or markets. I came from the same place most people reading this did — curious, a little restless, convinced the interesting part was happening one layer below where everyone was looking.
Crypto was the door. It's where capital moves fastest, lies loudest, and rewards the people who can tell structure from noise. I trade it full-time, hedge through equities and yield, and treat every drawdown as tuition rather than a verdict.
The name on the door is Second Order because that's the whole game to me: not the headline, but what the headline forces everyone else to do next.
Where the money actually came from.
Skins, then stocks, then crypto — and the parts in between that don't make it into a highlight reel. Unedited, one take, no slides. If you'd rather read it, the transcript is below.
Read the transcript22 min of video · ~5 min to read
What we're actually going to discuss is how I got into trading, what I did before trading, how I made my first money, and how that turned into making money in trading.
I traded CS:GO skins for a while and made about ten to twenty thousand, somewhere in there, many years ago. I put it into stocks a little before I turned eighteen, and I withdrew it before the COVID crash. I didn't predict the crash would be that extreme — but I withdrew before it. That relates to discretion, which I had yet to form. That money later went into crypto, and that's essentially where my journey began.
People sell you a bunch of stuff. They've made a few thousand in payouts — and that means prop firms, not live accounts. I'm not the richest trader in the world, nor the best, however you define or quantify best. Is it win rate? Mitigation of losses? Payouts? Capital? The list goes on. But I've made a cumulative of hundreds of thousands of US dollars across various financial markets, getting my first hundred thousand or so in 2022 during the Axie Infinity breeding mania, and later through NFTs.
And that's the thing a lot of people miss. There are endless opportunities to make money in financial markets — genuinely endless — for those who are curious and willing to dedicate time to it, to learn, to stick with something for longer than a month. For those, there are endless opportunities, and there always will be. As long as there are changes in the world and something new occurs out of the blue, that's an opportunity to capitalise on.
Nowadays I mainly trade and farm crypto. I don't really scout around for shiny objects like that any more, except on occasion — it's more lucrative during high-intensity bull runs, or when certain bubbles emerge. Which is another thing: how do you spot emerging bubbles and differentiate them from simple discrepancies? How do you tell an outlier that will run from a discrepancy that won't? That could be a whole video in itself. For that reason I mainly trade perpetuals and farm crypto yield.
A lot of what I do I offer for free, entirely for free. But this is for those who are serious about scaling and sustaining capital — not just getting one, two, three, four payouts and then that's that, they blow it on something and can't make it back. Actually sustaining that capital and scaling it, not through one instrument or one market, but across various financial markets.
If you just want another regurgitated strategy, there are plenty of those on social media. This isn't that. This requires a bit more thought. Am I saying it isn't for beginners? No, I am not. But I am saying the things you see on social media will take you less time to learn than this — and you'll be able to scale further with this, and make more.
So this is for those who are serious. You could still make money as a tourist, but this is for people intent on making money through capital markets as a whole, not just trading. Trading is a vehicle: it perpetuates the knowledge you have and turns a traditional investing profit into more profit — risking less and making more, or risking the same and making significantly more.
Asymmetrical setups in investing will yield you a lot of money. And what I mean by asymmetric isn't just that the R:R on a trade is good. That's another misconception people have — that you should risk the same amount on every trade and never deviate from your process. To a degree that's true. But there are different environments, different regimes. One of the most profitable strategies I have is, in fact, not risking the same amount on every trade. It's betting [—] specific things and risking more than I should.
It takes a lot of patience to identify those, and a lot of knowledge and information to identify them at all. But when they come, that's an A++ asymmetrical setup. Not a line on a chart that goes parabolic for no reason — fundamental things that go parabolic a year after your prediction. Sometimes faster, sometimes slower. Investments you trade into, trades you treat like investments. Sometimes it's margin on an account, sometimes it's spot.
I've dissected some of my discretion into a strategy to make it understandable. Because while I do have a strategy, a lot of it is discretionary — and discretionary essentially means gut feeling. But it isn't a random gut feeling. It's one I've developed over the past five, now nearly six years. It didn't arrive like this. To make it usable for people who haven't accumulated that discretion yet, I've systematised parts of it.
To give an example: differentiating trends, where markets are actually heading. That's one thing I'll jab about forever — the trend is your friend until it's no longer a trend, or your friend. Using indicators to indicate where direction is heading rather than buying them blindly. Combining rolling indicators with static ones. Combining data with indicators to get a better view. Implementing fundamentals into the technicals — or rather, reverse-implementing technicals into the fundamentals, because it's the fundamentals that drive the technicals. The technicals are the signal for when. The fundamentals are the reason for why. Different indicators indicate different things.
I've yet to decide the price of this. All I know is that if I start low, I'll increase it slowly, and that's for two reasons. One, the obvious one people are strangely afraid to say out loud: because I can, and because I'll be making money from it, and I can justify it.
Two — and this one is genuinely valid — by sharing certain information, which I will, I'm also diluting my own edges. For those paying, not just on the free newsletter, I'll be giving away essentially everything I know, and treating you as someone to discuss ideas with. If you have questions you can ask me; if I have questions I'll ask you. But doing that dilutes edges that aren't particularly liquid. If I share something, I make less from it, because more people now know it. That's a risk I'm taking — and the payments coming in compensate for making less. That's roughly break-even for me.
So this isn't for you to get enthusiastic about buying a Rolex. You absolutely can. But this video isn't here to sell you a Rolex or an easy lifestyle. It's about making money in financial markets and becoming a better capital operator — not just a trader.
This apartment, for example, is my first property. In about a month and a half I'll be renting it out, netting around two hundred to two hundred and ten US dollars a month post-tax. About twenty-four hundred a year. That might not sound like a lot, and it excludes any rise in the value of the apartment itself. It's a very small thing — nowhere near the majority of how I make money. Consider it a really small illustration of what I mean by capital operation. It's mainly trading and investing.
And honestly — the feeling of being in drawdown, revenge trading, feeling like you're not meant for trading. I think that's part of the journey everyone goes through. Revenge trading, ego trading, thinking you're better than you are, rationalising irrational things — holding a position you should have cut completely or cut partially, or holding a winner longer than you should. There are so many. And I'm telling you, I've been through all of it. I've taken breaks from trading specifically to rewire.
That's another thing. The deep psychological parts will be included too — the neuroscience behind it. Neurons that fire together wire together. Broken down into one sentence: the more you repeat a behaviour, the harder it becomes to stop and the easier it becomes to continue. Revenge trading, not sticking to your strategy — the more you do it, the harder the cycle is to break. And the more you resist it, the easier breaking it becomes. It goes both ways.
Psychology makes up quite a bit of trading. It does, I'm not going to lie — because without proper psychology you will not sustain your profits. You just won't. It's a matter of time until you blow up. But without technicals you won't know when. And when I say technicals, that includes fundamentals. Without those you won't know what to look for or when to look for it, and you'll just randomly make money — which is gambling, not trading. Both go hand in hand.
I know this isn't the traditional VSL you've seen before. I'll be real with you: the only reason I know what a VSL is, is that alongside trading — I took a break because I realised I needed an income — I started an agency to make active income I could put into trading and crypto. I learned a lot about marketing, and one of those things was VSLs. The whole purpose of one is to warm you up, give you information, then sell you something. Usually they're cliché, pitchy and heavily edited. For whatever reason, I'm not going to edit this in any particular way.
If you resonate with this, you're very welcome to proceed with whatever call to action I prompt you with — apply, sign up, buy, proceed, whatever. And if you don't, you're free to consume my free content regardless.
The desk, right now.
- Trading
- Hyperliquid · Bybit — perps, mostly. Spot when it's warranted.
- Building
- Owl (the community bot), the Second Order Journal, and a small friends-and-family fund.
- Writing
- Research, theses, and bot-building notes — published as I go.
- Tracking
- $1K → $1M liquid, documented in public. Drawdowns included.
- Avoiding
- Consensus trades, leverage I can't explain, and my own ego.
A few things I actually believe.
- 01
Most people react. The edge is in anticipating the reaction.
- 02
Survival first. You can't compound from zero, so the downside gets priced before the upside.
- 03
Writing it down is the cheat code. A public record is the only honest mirror I've found.
- 04
Conviction without a stop is just gambling with extra steps.
- 05
The market doesn't care who you were yesterday. Neither should you.
Want the live version?
The day-to-day lives in the community and the feed. The thinking lives in the research. Take your pick.
