Spotted an interesting trading debate today. Someone's grinding profits, sure, but the math tells a different story. Run the full dataset and you'll see the expected value tilting heavily negative over time. The whole approach banks on those violent price swings — think July's pump, August's chaos, October's volatility spike. Strip those outliers away? The strategy crumbles. Here's the thing: perpetual contracts aren't shitcoins. You can't slap the same degen playbook onto leveraged perps and expect it to hold. Different instruments, different risk profiles, different rules. That dependency on sharp directional moves isn't edge — it's exposure dressed up as strategy.