The risk of staying out of the market is far greater than the risk of staying in the market
Time in the market is more important than timing the market
Same storyline and same outcome always repeat itself . So obvious yet there are always people who think they can out win the market manipulator. Sorry no pity because leverage game is no different from gambling. Either win or lose ,
This sucks. I feel awful for everyone who got wiped out.
But let’s be real about what happened.
“Retail” didn’t get flushed. New retail is buying spot on centralized exchanges or large caps through ETFs - they’ll barely notice this move. Prices just rolled back two weeks.
The people who got liquidated weren’t retail investors. They were crypto natives and traders using leverage on decentralized exchanges. As always.
This was painful, but it wasn’t a retail flush. It was a leverage washout of our most ardent believers.
If you are emotionally affected by short-term drawdowns in your portfolio, think of uncle Adam
If you cannot psychologically handle short term volatility in a $20,000 account , the Universe will not allow you to have a $100,000 account
If you cannot psychologically handle short term volatility in a $100,000 account , the Universe will not allow you to have a $1,000,000 account … and so on
Wealth always begins with the millionaire mindset
When the stock market crashes on the fear of a nuclear war, buy like crazy !
If there is no nuclear war , market rebounds and you make huge gains
If nuclear war breaks out, you won’t need any money anymore . So, nothing to lose 😬
This is why I spent hours playing this game with my 2 daughters when they were young
I wanted to instill in them the concept of accumulating income producing assets that will generate passive income so they can be financially free as early as possible
Now in their early twenties , they save a large percentage of their part time income to invest regularly with the goal to be financially free by late 30s
Start teaching your kids young to be money smart!