Video popped up on my feed:
“You’re not profitable because of what you do outside of trading.”
Lads, the psychology slop genre has gone too far.
I can put a Buddhist monk in front of a terminal - he’s generally not gonna make any money.
You need some sort of edge, strategy that’s +EV, or even a broad idea of a market effect that you’re trying to monetise.
There has to be a sensible foundation for the actual trades you take, and then ‘psychology’ can help with reducing unforced errors.
Most of the trading psychology stuff is cope; it allows you to focus on breathing exercises instead of confronting that your clicking is completely random.
If you don't have a goal so meaningful it makes other people's opinions irrelevant, you will lose control of your life. You will adopt the goals assigned to you by your parents, peers, or society.
The most useless yet somehow popular tweet on X:
If you bought XYZ with XYZ amount and held XYZ time you'd be up XYZ amount
About as useful as telling everyone what the winning lottery numbers are after it's announced
One of the most underrated success factors is the ability to detach from your family.
People in their 20s who still constantly need validation from their parents tend to achieve less.
I remember during the 2018 bear market when crypto went to goblin town, my mom told my brother: “it was too good to be true.”
No bad intent here but deep down, I think she was relieved it was over so we could go back to a normal safe life.
As an individual, you have to emancipate yourself from your parents’ judgment.
I'm not saying ignore them or be ungrateful.
But your family is one of the biggest barriers to taking risks.
If you’re in your 20s and can’t make decisions without their approval, something is off.
Financial success is doable when you realize people around you can have the best intentions and still give the worst advice.
If you don’t assert your identity early, you’ll just end up doing what everyone else does.
@PillageCapital Bitcoin’s ultimate moat is global consensus.
Technology can be copied — belief cannot.
As long as humans seek a neutral, apolitical store of value,
Bitcoin remains the king.
@alicharts Unless the ADP data comes in above expectations or the government shutdown ends, Bitcoin is likely to drop to the 50W SMA either this week or in the next few weeks.