“After a big loss do not try to make that money back in the same play as you do not have a good feel for the chart. More than likely you will repeat the same mistakes that cost you money in the first place.”
The concept of bet sizing is something I learnt from poker.
No one wins 100%.
It all comes down to how much money you make when you're right and how much money you lose when you're wrong
Taking profits and properly allocating your portfolio are critical for long-term success.
Such a shame that some of the best minds of our generation want to work in “web3,” instead of real jobs like hedge fund analysts, venture capitalists or bankers.
Remember Kids:
In Web2, if the product is free, then you are the product.
In Web3, if you don't know where the money comes from, then you are where the money comes from.
I don't think people realise just how incredibly bad crypto's image is to the "outside world"
They all think that we're destroying the planet, that every single crypto (inc. ETH & BTC) is a scam, that no value is being generated, and that it should all be completely banned.
I’m always a bit dumbfounded when tradfi dunks on bitcoin for falling 65% after Netflix/Amazon/Facebook fell comparably. When they question its long term sustainability while Uber pumps with a money losing business. And bitcoiners dunking on ethereum for falling a little more /1