Just writing Global Macro Investor over the weekend and as ever, I like to share a few insights.
The narrative on Twitter is that tech is dead. The reality is that the Nasdaq has just reverted back to trend - 150 week moving average 1/
I’ve been trading markets for 7 years now and it’s taken me until this point to become confident in my approach. Some people learn quicker than others. The one thing successful people don’t do is quit. Here are some things I’ve learnt over the years (I’ll add more over time) 👇
1/ On Bear Markets
You are down bad? Working at McDonald's? Your ATH net worth is only visible with a telescope? Your gf is wondering where all the money went?
Now what?
1/ On How Short Life Is
A few years ago, I was walking around in a blizzard in SoHo (New York). It was late, midnight, and it was beautiful.
Some friends, about 15 blocks away, called: "come over?"
It was late, it was cold, was tired, thought "maybe not worth it" but then...
1/ The illusion of alpha
Arguably the biggest way I've seen good traders burn out is the never ending search for a unique edge in the market
But what if I told you that 95% of the time, alpha is an illusion. And furthermore, most traders look for it in the wrong places
Two important lessons from 2021:
1. If something is strong, buy that thing. Looking for 'the next thing' because you missed the initial pump will often underperform buying the leader.
2. Experimentation is rewarded. Airdrops, new chains, NFTs, and so on. Use the tech.
You step into crypto twitter.
You see people slinging 7-figure positions like candy.
You look at your portfolio... the money can change your life, but it now seems small.
How does one take profit in the illusory age of money?
That’s what this thread is gonna be about!
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You step into crypto twitter.
You see stories of people turning $200 into $2 million.
You look at your bank account... and ask, why not me.
How does one approach investing as a beginner in crypto?
👇🏻👇🏻👇🏻
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