I'm 57.
I wasted 39 years learning this the hard way.
But I'll teach you in 2 minutes.
If you're soft, keep scrolling.
Here are 24 uncomfortable truths I wish I knew earlier:
@chrisfndz_@yuheimame@w2skwn3 Ostras hay japoneses locos aquí.
No te preocupes Chris, la mayoría de japoneses sabemos un hombre así no es el español normal. Y perdona que hay japoneses maleducados aquí en internet. Nos encanta España y espero que a vosotros también os encante Japón. Un abrazo tío
5 years ago, @BrendanEich & @brianbondy co-founded Brave. Today we passed 15 million monthly active users and 5 million daily active users. Also, 1,530 privacy-preserving ad campaigns in 1 year. Thank you to our users & looking forward to our next 5 years! https://t.co/zFAo3IcI9N
Understanding the U.S. stock market in three points
1. The U.S. stock market and fundamentals have nothing to do with each other
2. Wanna fight the Fed -- go ahead, you lose
3. Markets are driven by liquidity -- and prices move away from liquidity toward volume vacuums
Advice to young traders from a boomer who draws lines on charts
You need to become an expert on Vilfredo Pareto. I guarantee you his principle will define your trading - this fact has enormous implications on how you must think about losing trades
https://t.co/BEPrqSRoMb
For the last week ethereum tx fee revenue has exceeded most estimates of what PoS validator rewards will be.
Rollups+sharding are coming (@loopringorg zk rollup already on mainnet!) to increase capacity, but even today this is an important milestone for economic sustainability.
If I were designing a new chain to live alongside bitcoin and ethereum, I would take *all* the political tradeoffs that BTC and ETH aren't willing to take.
* On-chain gov w QV
* On-chain oracles for not just prices but arbitrary events
* All the built-in cryptographic operations
Simps & wannabes accuse me of being a hater. I'm not. I'm super bullish $BTC & $ETH
In 45 years as a career market speculator, I've come to discern the real deals from the possible scams
I've only attempted to warn people that $XRP is a manipulated market & a dead end
The trader who I most distrust ...
Is the trader who is absolutely sure he/she (to cover my pronouns) knows exactly what a certain market is going to do.
Find a trader like this ...
And run the other way.
I have made my living since 1975 trading futures markets using charts
My conclusion on chart trading:
1. Charts do NOT predict prices
2. Most chart patterns fail
3. Charts simply tell us where a market
has been
4. The only value in charts is for trade/risk management
You did not choose your:
1 birthplace
2 skin color
3 birth parents, family
4 birth gender
5 birth language
6 birth name
7 ethnicity
8 born abilities
You can choose to be:
1 kind
2 generous
3 honest
4 grateful
5 respectful
6 optimistic
7 humble
8 teachable
9 faithful
10 happy
If I had a chance to relive my entire 44 year trading career I would divert my trading profits into:
1. Income producing real estate - 33%
2. Blue chips with no debt - 33%
3. Growth companies - 33%
Nothing is absolute or guaranteed in the market
"This has to happen" or "That'll never happen" is sure to get you rekt or instill a bias that could hurt
You (and I) will be wrong. Maybe wrong more times than right. Manage risk so the wrongs don't erase all the progress you made