Nigga will lock in on crypto, cut off their friends and social life
Only to come back with a screenshot and mental trauma🚶🏾♂️🚶🏾♂️🚶🏾♂️🚶🏾♂️🚶🏾♂️🚶🏾♂️
To be profitable in trading, you first fight the non-believers, then the believers.
The non-believers make you doubt conviction.
The believers make you overstay it.
If everyone is on drugs it means the difference is genetics
If no one is on drugs and the people who are on drugs can't beat them... it means the genetic gap is too big
Same conclusion
the most dangerous place to be when you're losing money is a group chat full of people losing the exact same money.
in 2018 i was in 10+ telegram rooms for a coin i was completely underwater on.
everyone in there was down. everyone in there was bullish.
every red candle got a new explanation from the founder. every piece of bad news got reframed. the founder would post an update and we'd all talk each other into believing it.
felt like community at the time. looking back it was just a cope machine.
nobody in that group had an incentive to tell the truth. we all just needed the price to go up.
the people most likely to give you honest feedback on a position are the ones who aren't in it.
Most important in trading is to limit the size of drawdowns. It actually doesn't matter how many times u win or lose, if u cut your losers quick & let your winners run, it is impossible to not be profitable. Conversely, u can have many wins & lose it all on one huge drawdown.
Aim to become more open minded everyday.
Life works like this:
Opportunities will appear for everyone but you never know when or how they will show up.
And when they appear, there will be uncertainty.
Here is what differentiates those who live an average life, and those who don't.
You either take the risk whilst understanding both probable outcomes of success and failure.
OR
You never take the risk due to fear of failure, and you live an unexciting and mediocre life without knowing what could've come from just trying.
And opportunities will constantly come and go.
You could just take all shots with calculated risk, endure the losses on the ones that miss, and win on those that land.
Or you just never take the shots at all.
Realise I am not just talking about trading here.
You get good at anything by doing it a lot. Just do things a lot
It's not time spent. It's volume of doing. Make sure the time it takes you to do a single thing is as fast as possible. Your cycle time is sacred
Many friends had an identity crisis in 2025. We're all used to bear markets, where crypto draws down big time and everything dies. But the scary thing in 2025 was that equities were super strong while crypto coins drew down huge. Crypto's underperformance was something that we weren't used to in a strong macro environment. AI moved, just not in crypto. Equities did several x, grossly outperforming all shitcoins.
For the first time in a long time, myself and several friends really questioned why we were here. It's funny because everything we believed back in 2017 came true (relatively). Countries bought our coins. We got listed on indexes. We made products to enable trading 24/7. We built stable coins all around the world.
But our ability to make money off said things diminished. There wasn't as much belief in our 'tech coins'. There has been shrinking native crypto liquidity since 2021. I could go on and on about the reasons why that is, but I think that 2025 was a strong realization that things just might not be the same as previous cycles.
And that's a hard thing to stomach for many crypto investors. Many of us have been in this game for years and spent thousands of hours doing it. Crypto VCs experienced this first, where venture has utterly dried up to the point where the old model clearly doesn't work- huge FDVs with down only charts from TGE are hopefully going to diminish. And the liquid side was also difficult, with many big funds struggling.
I understand that each cycle is different. 2017 was different than 2021, which was different than 2024. The argument is that it always feels the worst at the bottom, where all hope is seemingly lost. And I'm not saying that we're never going to have another pump or that there won't ever be another bull market. There absolutely will be. There will be some big moves that make us believe we are so back and be rich again.
But the roller coaster with smaller and smaller loops is a very realistic outcome for many of these shitcoins/cycles. It's a scary thing to digest when you realize that your ability to make $$ might not be as easy as before during the golden years of degeneracy. Things are much more legit now and they're much easier in many ways than 2017. But the idea of crypto being much less volatile has kind of rung true.
Having an identity crisis and transforming myself is definitely something that I had to think about. Many friends pivoted to stocks earlier and were doing very well while I continued to get chopped in crypto. But it's never too late to move to new markets and I've had a fantastic time learning new things. Just because you made a lot of money in crypto doesn't mean you have to stay a 'crypto trader'. You can reinvent yourself and go where the money is.
I do think crypto will move hard again in the future. I think that we're going to see new things (I hope). I just don't know what those things are to gamble with (yet). Optimism always wins
Ppl don’t realize this but sometimes not getting rekt (let’s say losing > 20% of your total port) is a big win. Compose yourself and live to play another day. Most ppl get wiped out by trying to quickly recover from losses.
overtrading will be most people’s downfall
even if one buys the bottom they’re hardwiring their brain to sell too early by focusing on insignificant moves in the market
a +3% candle starts to feel big, so a +30% rally starts to feel unrealistic.
always been how that works.
So much complaining in this market.
If you don’t enjoy learning new markets, new setups and adjusting you aren’t really a trader.
The beauty of the market is it never stops teaching. You just have to be willing to be a student.