Why I Can't Trade Like It's 1999

I was debating whether to put a trade on $MSTR, and I decided against it.

Not because I don't like the setup. I already have plenty of fresh crypto exposure after this correction.

But the internal conversation I had about where I'd buy it revealed everything about where markets are headed over the next few years.

It'd be a no-brainer for me to put the position on Hyperliquid, the largest derivatives exchange on the blockchain. I could enter at whatever hour I choose and manage the position over the weekend if it moved against me.

And that's when it hit me:

Why would anyone want to own an asset they can't sell most of the time?

These next three days, traders won't be able to close a single position. Markets are shut.

I thought America was the land of the free, so how is everyone okay with not being able to touch their own money for three days straight?

If something hit the tape right now, I could close my position and walk away clean.

Everyone else? They get to sit there and pray they don't wake up to a gap.

How people convinced themselves they're fine owning assets that "gap" is beyond me.

And this is exactly why the NYSE and Nasdaq are racing to build their own tokenization platforms. As someone who's basically only ever traded on-chain, when I hear about the struggles of traditional market participants, I'm stunned by how primitive the system still is.

It's such a no-brainer that this is changing.

That's why my biggest position is a pure expression of this entire theme.

So enjoy the long weekend, and try not to check prices on a market that legally refuses to move.

Cheers,

Louis Sykes
Senior Crypto Analyst, All Star Charts