My entire life changed when I realized that the people I admired were just the ones who had the courage to start. The ones who didn't overthink it. Who put their ego aside. Who walked toward uncertainty. Who kept showing up. The answer is found in the action.
People mistake trading as purely accumulating capital, but really trading is a self examination of self where all your mental leaks are on full display. You must conquer yourself before you can truly become great.
Crazy how such sound trading advice is so controversial.
Please remember, professional trading is not for everyone.
In fact it is for the very few.
Many things in life are like trades or positions.
What position are you putting yourself in IRL?
What positions are you holding in the market?
Trading is about making the most optimal decisions in the present moment.
You have incomplete data but you must act or not act.
You must play to probabilities.
There are optimal decisions that you can take to maximize your life towards things that are actually good.
Go to the gym and diet and your body degrades at a slower rate thus increasing your potential lifespan.
There are optimal positions you can put yourself in the market in order to make money.
Invest in the US stock market that is predisposed to go up over years and you increase the value of your dollars while minimizing the pain of inflation.
I'm not saying cut everyone out of your life.
But people are positions.
What are you exposing yourself to when you deal with that person?
Does it increase your personal value or decrease it?
Some people are 100% losing positions and you literally do need to cut them off - highly toxic or mentally ill people.
You might have to cut some people out who aren't helping you if you want to achieve something great.
Anyone who achieved something worthwhile have always had to deal with naysayers, haters, old friends who didn't believe in them, family members who didn't believe in them.
That's less so in America where everyone sees upward success as a given - literally every where else you deal with a crab in a bucket mentality.
Maybe if you want to become rich you have to cut off all your loser friends.
It would probably help, but that's a personal decision.
Not everyone wants to be a millionaire or a trader.
First, Cobie dumped Echo at Brian’s bald head then Jesse went insane trying to get Base some motion and then Robinhood chain basically stole the little the chain had going. Now, they got an ex crackhead launching a scam on the blockchain. Divine comedy.
another trick i like to do is changing the color of bars on charts
it helps me remove emotion (blue is calming even though it's a red candle) and it's aesthetic
removes some of the impulsive reactions too
making generational wealth in one very specific niche can trick you into thinking you're special and good at everything
when you rotate into a new niche, you need the humility to start from zero again
if you can't do that, the market will humble you fast
this is why i generally disagree with arbitrary prices targets
portfolio target? market doesnt know
your position hit some target? market doesnt know
you sell when its time to sell, not some random milestone, like a 2x 10x or even a house
why cant the price still go up? it can
the only reason to ever contemplate such things is to analyze your theoretical future actions and to ever let it enter your thoughts for any other reason is -EV
(this is impossible but u must try)
actually a completely pointless exercise because if you spend more than like 6 months here you already missed 3 parlay opportunities to turn $100 into $1,000,000 so its just...
stating reality? this thing will always be a thing, and to spend energy thinking about it is a waste
PUMP is up 2x and the thesis is playing out perfectly.
Some thoughts on why so many missed this obvious trade:
1. Time and attention are limited. With hundreds of assets, our understanding of most is a simplified, uninformed view, just enough to be confidently wrong: "Hyperliquid is just a CEX," "Pumpfun revenues are fake," "Lighter is a VC scam version of Hyperliquid."
2. Price is the ultimate truth machine: it aggregates information and generally reflects the views of the most informed market participants (those with an edge are the ones who trade).
Holding a simplified view of most assets is unavoidable. But when price moves against the view you hold, it is important to reevaluate your thesis and determine if it's still relevant; failing to do so is what catches people offside on the most obvious coins. The most violent reratings are when biased views like this become consensus, price moves against them, and all traders are forced to update at once.
For PUMP this is exactly what happened: the hated-coin narrative drilled so deep into people's heads that they can't see what's right in front of them, a durable business and a winner in a core crypto sector, trading at 10x lower multiples than other revenue-generating apps in the space, with insane reflexivity. It would have been hard for any intellectually honest market participant to look at PUMP without bias and not conclude it was one of the most mispriced assets in the market.
If you missed this, it's fine, there will be other chances, but you can only catch them if you accept that most of your views on most coins are wrong, likely just consensus, and need to be constantly reevaluated. Do this and you won't miss the obvious plays that come a couple of times a year and drive the majority of your returns.
Also important: the thesis for not taking a trade needs to be as robust as the thesis for taking one. Staying sidelined on assets that are outperforming with no real reason is unacceptable.
Tops and bottoms are arbitrary reference points with little relevance to sound strategies. Most money is made in between. You don’t have to care about them at all. You shouldn’t.
You can be wrong about the low and still make money, or nail it and still lose by sizing badly, exiting early, etc. There’s so much levels to this. The best trade of your year will likely have a mediocre entry and the best call of your year might be one you never sized into.
It’s a separate game with a separate, public scoreboard. So people naturally drift toward the one that gives feedback without noticing they switched games.