Learning must come before deciding. As explained in Chapter One, your brain stores different types of learning in your subconscious, your rote memory bank, and your habits. But no matter how you acquire your knowledge or where you store it, what’s most important is that what you know paints a true and rich picture of the realities that will affect your decision. That’s why it always pays to be radically openminded and seek out believable others as you do your learning. Many people have emotional trouble doing this and block the learning that could help them make better decisions. Remind yourself that it’s never harmful to at least hear an opposing point of view.
Deciding is the process of choosing which knowledge should be drawn upon—both the facts of this particular “what is” and your broader understanding of the cause-effect machinery that underlies it—and then weighing them to determine a course of action, the “what to do about it.” This involves playing different scenarios through time to visualize how to get an outcome consistent with what you want. To do this well, you need to weigh first-order consequences against second- and third-order consequences, and base your decisions not just on near-term results but on results over time.
Failing to consider second- and third-order consequences is the cause of a lot of painfully bad decisions, and it is especially deadly when the first inferior option confirms your own biases. Never seize on the first available option, no matter how good it seems, before you’ve asked questions and explored. To prevent myself from falling into this trap, I used to literally ask myself questions: Am I learning? Have I learned enough yet that it’s time for deciding? After a while, you will just naturally and open-mindedly gather all the relevant info, but in doing so you will have avoided the first pitfall of bad decision making, which is to subconsciously make the decision first and then cherry-pick the data that supports it.
But how does one learn well? #principleoftheday
Super underwater with BTC/ETH, non stop battle with these 2, also still in FET… not a huge roll over there. HYPE also looks nice for scalps,
ETH/BTC chart showing relative strength while $BTC.D literally dying.
1.1B in BTC longs liqd in the last 24H aswell, signs of recovery ahead.
By December 2026 you will:
- be making $10k/month trading
- eating in your new apartment
- exploring new countries
- enjoying your freedom
Like if you believe.
I get why Saylor would sell bitcoin to pay dividend.
But according to CNBC he also sold $128m in shares
Why would you sell 32 Bitcoin to get $2.5m when you just sold $128m in shares?
I can’t imagine they really need the $2.5m??
Life cycle of a profitable trader:
Year 1 - studying 47 indicators, taking 30 trades a day, wondering why nothing works.
Year 2 - strips it back, picks 3 tickers, still losing but starting to see patterns.
Year 3 - first consistent month. Tells everyone. Sizes up. Gives it all back.
Year 4 - shuts up, goes quiet, does the work alone.
Year 5 - withdrawing every week, routine locked in, boring as hell.
Year 6 - people start asking what you do for a living.
Year 7 - retires his parents.
Year 8 - lives life on his terms. Nobody saw it coming except him.
BREAKING: We did it.
We built a trading companion connected to real-time market data, straight from the source.
Meet Mr. Whale.
He knows what happened to your favorite stock 2 minutes ago.
And how to use our tools to find your next favorite stock.
Ask him anything today.
The answer doesn't have to be in your head; you can look outside yourself. If you're truly looking at things objectively, you must recognize that the probability of you always having the best answer is small and that, even if you have it, you can't be confident that you do before others test you. So it is invaluable to know what you don't know. Ask yourself: Am I seeing this just through my own eyes? If so, then you should know that you're terribly handicapped. #principleoftheday
Trading completely rewires how you think about money.
You can make $500 in 10 minutes and feel disappointed.
The same $500 would've felt like a week's work before this.
Appreciate the small wins.
I lowkey love making these videos for you guys. It's been such a fun way to journal my trades 😁
Here's how I made $13,800 in the past 24 hours Trading Crypto: https://t.co/9TD8pR3Xvd