Empty your mind, be formless, shapeless, like water. Now water can flow, or it can crash. Be Water my Friend.
Nerd, Chef, Financial Enthusiast, Hopeful Cynic
An abundance mindset kills FOMO.
The market has been creating opportunities for over 100 years.
It isn’t going to stop because you missed one dip buy opportunity.
Relax.
Just prepare for the next one.
@ohiain I have always been able to zoom out in life: my views socially, in my career and eventually my trades. The best change I made was essentially being a "macro" trader. While I'm working on zooming in just a bit to not miss opportunities I won't abandon my wider views on th2 market.
The amount of “influencers” promoting gambling recently is actually disgusting
Going to be a huge problem over the coming years for the younger generation
The universe always pays its bill make sure you have a good impact on yourself and those around you.
@ohiain Your big brother is a wise man. Why is the greatest question in our arsenal. Why should I do what society says. Why is that the "only" path. Even learning. Why does that thing do what it does. Children ask why over and over again. At some point I think we forget how to ask why.
CPI is running 4.2% and the Fed's target is 2%. They have missed it for 5 straight years.
If your job missed its target by 110% for 5 years, you'd be fired. They got reappointed.
This is why you save in bitcoin.
@SimpleSwings Really like that last part. Environment is the first filter. Something I'm still getting better at. Though I've been mostly cash for a bit now I could work on narrowing down when to be in or out.
The debasement of the US dollar has been highly destructive to American society.
We have young people who can't afford a home, gambling and porn ads are being shoved in our face, and a large portion of people are walking around in a state of depression or anxiety.
We went from long-term thinking and strong morals to a population of speculators who can't focus for 5 minutes.
It is all tied back to the dollar's destruction.
21,000,000 BTC / 8,000,000,000 humans = 0.002625 BTC each.
Bitcoin was never designed so everyone could have one. It was designed so no one could print more.
Position accordingly.
If people are screaming “TOP” every single day, who cares?
The most freeing realization in trading is that if you actually have a systemized process + risk management… you do not need to care what the crowd narrative is.
If the market truly rolls over, my rules should naturally get me out and keep me in the game.
If it doesn’t, then I continue pressing exposure while everyone else watches from the sidelines, waiting for the apocalypse that never came.
Too many traders waste their mental being scared of every red candle instead of simply reacting to price.
Ironically, fear usually causes people to miss far more opportunity than it protects them from.
Stop giving a sh*t about the crowd...only focus on YOUR process.