@smochinulsacru@bobbydtiktok Google translate+repost cat mai repede mizerii neverificate, pe asta de bazează "noua presă newage bullshit". Nu mai avem jurnaliști iar cei wannabe jurnaliști primesc prea multă atenție necuvenita.
This message is for you Z gens who think that trading stocks/futures/crypto/FX is the answer for your financial future.
If you have fewer than three years of actual market speculation experience, the probability that you will average 50% per year during the next five years of trading is exactly this. Zero.
If you have ten years of trading experience and the last five years have met this goal, congrats. You are among the one in 100,000. That is really a big deal. Chances are good that you can pull this feat off, or better, the rest of your working life if so desired.
Take it from me, being a career trader has been an incredible thing in so many different ways. Fifty years. I have earned my family's income and built net worth by trading futures contracts.
I consider myself super lucky. I take no credit for brains or some complex formula or hard work or persistence. I am perfectly pleased claiming LUCK.
Learn a skill that does not require luck for success. Learn a skill that people are ready to pay for. A skill you enjoy using. A skill that comes naturally but is challenging at the same time.
But know that life was never meant to be easy. Being really good at anything is hard work. It takes time honing the skills that God has given you.
You all have special God given skills. Figure out what those are. Then pursue them with excellence. It does not have to be as a trader. Learn a skill, earn a living doing it and become a passive investor. 10% into Bitcoin. 20% into real estate. 70% into $SPY to buy every payday. This would my recommendation to you if you were my son or daughter or grandson or grand daughter. It is my recommendation to you.
And, find purpose for your life outside of your job. In a spouse. In children. In recreation. In friendships. In Christ. It is the in Christ part that I most espouse. Being a Christian is that part about my life that gives me the most blessings. I cannot imagine a life without the knowledge of God, the love of Christ and the presence of the Holy Spirit. And a wife of almost 57 years. And two sons, two daughter-in-laws, five grand kids and a bunch of sweet friends who accept the worst in me.
I was greatly impacted by Charlie Kirk's horrible death.A career in trading has allowed my wife and I as a team to fund a lot of non-profits. I have personally been involved in the funding and board work of many non-profits. All have been Christian non-profits, including Turn Point.
So, in summary, I have five messages for you Z gens reading this.
Figure out your strengths and how to make a living using them
Don't become a trader
Get married, have kids, buy a house
Search for Christ -- you will find Him
Be generous
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ