The old paradigm: go to a good school, get a degree and get a good job... is dead.
The new paradigm: find your purpose, start a company, create and lead is our future
Entrepreneurship is the only future career .
Hot take: We are NOT doomed. In fact, statistically, this is the best time to be alive in human history. You carry the sum of human knowledge in your pocket, the size of your palm...
A CRITICAL MESSAGE TO ALL TRADERS
I would be remiss not to speak about the carnage that went on in the crypto markets yesterday. To those who just lost everything in the liquidation - this message is for you. And to those who had no exposure whatsoever - this message is also for you.
As awful as this moment feels, there is no undo button. But life does go on. I know that feeling. That pit in your stomach, that internal prayer that all of this is a bad dream. That desire that you could just go back in time and make those small changes you were so close to making. I feel you. I’ve been there multiple times.
No matter how many times it happens, it feels like your world collapses. You try to control your thoughts but your mind goes right back to what happened. It all seems hopeless. But if you’ve ever built anything once, you’ve already proven you can build again. Whether you lost $1,000, $1 million, or $100 million, the pain is real. Nobody’s pain should be minimized.
No matter how rich you are, you still feel those same primal emotions. We are programmed to feel that way. In fact, the more you lose, the heavier it often feels because the more your wealth has become your identity.
But recognize this: what you are feeling is our primal programming. Our evolutionary psychology to preserve and protect resources. That programming is flawed though.
We always have one ability: to take control over our thoughts and feelings. To recognize that we don’t need to keep reliving the same pain. As they say in Buddhism, being struck by the first arrow hurts. But we don’t need to keep forcing ourselves to get hit by the 2nd and 3rd and 4th. Even if it feels impossible, we can focus on the breathe and find control over our thoughts and emotions.
Money isn’t the most important thing in life. The things that truly matter can’t be bought, and they can’t be taken away by a liquidation - your health, your loved ones, your integrity, your ability to start again. The biggest gift we have is life itself and the freedom to carve a new future. That agency is what defines us as humans.
Get outside. Spend time with friends and family. Seek help if you need it. There is always room for a brighter tomorrow as long as you remember that you still have agency.
What you are feeling isn’t new. For millenia humans have felt this. Elon Musk and some of the greatest smartest wealthiest humans to ever have lived have also been on the precipice of losing it all. Multiple times. Every success story comes from those who persevered when it seemed darkest.
One of the most dangerous traps of wealth is how easily it fuses with our ego. Nobody is immune. Even when we are aware of it. Not me, not you, not any human. It’s part of our condition. The larger the number, the easier it is to confuse your net worth with your self-worth. Buddhism teaches that suffering comes from attachment. You are not your account balance. You are not your status as a trader. You are much more than that.
The hard truth is that the biggest lessons in life are usually learned through the rearview mirror. What’s done is done. The only way forward is to accept responsibility and move on.
Many peg their worth to the wealth of others. We see people around us make insane wealth. People we view as dumber or less deserving. So we ourselves increasingly move out on the risk spectrum to try to keep up. We must always play our own game.
The people we end up chasing might themselves one day lose it all. Never ever try to keep up with what others are doing. That is part of the toxicity of social media and the pnl porn that occurs on this platform. Play your own long game.
I speak out against the cherry-picked bs gain porn. It was everywhere the last few weeks. So many people try to justify the pnl sharing. How many people were wiped out from simply trying to keep up w the that selective pnl porn posted on social? How many of those posters will quietly fade away after this event?
The best thing you can do? Get away from the screens. Get off social. Stop looking at charts and prices. Spend the weekend outdoors. Appreciate the beauty of the sunset. Of nature. Notice that the world still goes on. As massive as this feels, it will pass with time and you will be better for this. The same way every awful thing in your life also came to pass and you came through stronger.
But make sure if you are learning this lesson, you only learn it once.
It is a brutal but necessary reminder: leverage kills. Markets will always surprise you. Never keep all your eggs in one basket. Segregate accounts. Keep a rainy-day fund in safe assets. Protect your downside before you chase the upside.
Over the long run, everyone will face fat tail events that can bankrupt you with leverage.
If you weren’t caught in this wipeout, count yourself lucky… and take this as a free lesson learned without paying the tuition. Reflect deeply on your own exposure and the risks you might not even see, especially the hidden leverage that comes from overconfidence in bull markets.
You only need to get rich once. Don’t let the market teach you that lesson the hard way.
Much love. Be safe. Try to find gratitude. You always have agency. No matter how bad anything gets.
-(The One) Lance B
Better to live life erring on the side of being optimistic and wrong than pessimistic and right!
Be realistic, but, as Monty Python would say, always look on the bright side of life!
CURRENT VIEW ON $BTC
Controversial take, but curious what people think… Given the price action in $BTC, I wonder two things:
1. Has $BTC topped shorter-term?
2. How compressed will prospective return be over the coming years?
We had an absolutely beautiful setup in Bitcoin. Great consolidation. All-time highs. Tons of bullshit treasury purchases to fuel the fire. Positive regulatory news. Every trader I know (including me for the idiots that think I’m a permabear) was leveraged long to the hilt.
And yet we could only get two real days of price expansion. At this point, who is the marginal buyer? Who isn’t long on a setup like that?
Structurally, I’ve felt $BTC will go higher but that the massive returns are gone. As an asset reaches mass adoption, realized vol compresses as do returns. There is less price discovery to occur. It’s just basic market structure theory.
Every cycle in $BTC, the returns have been about a magnitude less. And the failure of this breakout makes me think $BTC is largely approaching the era of market returns (market single-year returns/vol can be far higher than most think though). It didn’t take much imagination to see a quick move to $130k, $140k, $150k (the people who think $1m is around the corner are high on hopium IMO). Yet here we are.
I always then end up wondering the second deriv… if returns compress and approach market returns, how many people would still hold bitcoin? The data doesn’t lie. Most holders of $BTC are in it solely for speculative purposes. People are looking for 1000%+ returns or even 100% returns.
What happens to the average holder if we experience years of traditional market returns? What happens to the average holder if all of a sudden $ETH or some other coin starts to offer higher prospective returns?
I have zero idea the future. Not a forecast. But certainly questions worth thinking about.
@TheFlowHorse@skyquake_1@TedHZhang
Confidence as a trader doesn’t come from affirmations or wishful thinking.
It comes from reps—executing, recording your data, and setting clear plans to improve.
Do the work, and the confidence will follow.
#BTC
If Bitcoin is going to peak in its Bull Market in September/October 2025 as per historical Halving cycles…
That’s only 1-2 months away
$BTC #Crypto#Bitcoin
90%+ of the questions people ask me on here are easily answered by ChatGPT. I've stopped answering any of them.
We are entering the period where people who don't take advantage of the tech will soon be left behind.
END OF THE MONTH REMINDER FOR TRADERS!
Every single trader you see on here posting their big months and big wins is subject to selection bias. Most the traders who underperformed or lost money are invisible.
95% of the PNL you see on here comes from a place of insecurity, a place of seeking affirmation from others, and a desire to collect their fake internet points which do not create long-term fulfillment or sense of self.
For most, you do not see their losses or their struggles. You do not see their PNL on the bad months.
All of this is part of the toxicity of social media and the comparison game. So when you see their highlight reel on here, just know that they too feel like shit because they are envious of the bigger fish outperforming them. And there is always a bigger fish.
The reminder is to focus on your own game. Become your best self. And that there is a whole lot more to life when you step away from the screens. PNL should not define you. Get outdoors, spend time with others, and give back. Remember how lucky you are to be pursuing an incredible job, but also remember that once you step off the field, this game doesn’t matter at all.
A classic study in horse betting revealed something curious:
Right after people placed their bets, their confidence in their horse winning shot up.
Same horse. Same odds. Just more conviction because they committed.
The moment we choose, our brain wants to defend that choice. That’s why you attach more to your narrative once you hit buy/sell.
You’re no longer neutral. You’re invested. And when that trade turns against you, your expectations collapse along with your ability to stay objective.
This is why the real decision-making edge comes before the entry, by grounding yourself in the various scenarios that can happen — not only with the market but within yourself and how you'll react to the worst.
It’s Friday, so here is your end of week reminder that the market is constantly advertising for liquidity.
Know what you want to see, where you want to see it, when you want to see it.
Until that occurs, treat most market movement as you would any other advert: skip it.
Donald J. Trump Truth Social 06.30.25 01:09 PM EST
Jerome “Too Late” Powell, and his entire Board, should be ashamed of themselves for allowing this to happen to the United States. They have one of the easiest, yet most prestigious, jobs in America, and they have FAILED — And continue to do so. If they were doing their job properly, our Country would be saving Trillions of Dollars in Interest Cost. The Board just sits there and watches, so they are equally to blame. We should be paying 1% Interest, or better!