Crypto

Eight modules in a fixed order. Each one assumes only what came before it - start at module 1 unless you know exactly what you skipped.

Module 1
How crypto markets work
Continuous 24-7 trading across fragmented venues with no central close, and why custody is a trading decision, not an afterthought. Exchange counterparty risk sits here from day one. Funding and perpetuals are module 3; on-chain data is module 8.
9 lessons, about 57 minutes
Module 2
Reading crypto markets
Quotes across pairs and stablecoin denominations, weekend liquidity, and charts that never close. How fragmented venues produce different prices for the same asset - and what a reference price actually means.
9 lessons, about 54 minutes
Module 3
What trading crypto costs
Maker-taker fees, spreads by venue and pair, perpetual funding paid or received every eight hours, and withdrawal costs. Funding can silently exceed the spread - this module makes it visible. Perpetual mechanics beyond cost land in module 8.
9 lessons, about 54 minutes
Module 4
Managing crypto risk
Sizing for an asset that can move 20% in a session, stops and liquidation prices on leveraged venues, and counterparty exposure as a position in its own right. Cold storage against trading float. Volatility is priced risk, not opportunity.
9 lessons, about 55 minutes
Module 5
Crypto analysis foundations
Technical structure on a market with no close, narrative cycles, and the macro linkages that strengthened as institutions arrived - what moves crypto now versus 2017. On-chain analysis is module 8's depth, not here.
9 lessons, about 57 minutes
Module 6
Building a crypto strategy
Rules and testing against a short, regime-shifting history - the overfitting trap is worse in crypto than anywhere. Expectancy with funding costs included. Evaluation, never signals.
0 of 9 · membership
Module 7
Crypto process and review
Journalling across venues, funding logged as a cost per trade, and review cycles for a market that never closes - the discipline of not trading is harder without a bell.
0 of 9 · membership
Module 8
Crypto specialist topics
On-chain data, perpetual mechanics in full, basis between spot and perps, custody architectures and stablecoin risk. The deferrals from modules 1 and 3 arrive here.
0 of 9 · membership