A new era of entrepreneurs is upon us. One that focuses on self development, authenticity, truth, and collaboration.
I will not fall victim to materialistic traps or finding my worth in that which I own. Many times those things end up owning you.
The glitches are spawning 👽
The great danger is that we give in to feelings of boredom, impatience, fear, and confusion. We stop observing and learning. The process comes to a halt.
Ledger CEO, Pascal Gauthier, explains that Ledger Recover would give the state the ability to recover your #Bitcoin private keys in the event of a subpoena.
I have gained business experience at a superhuman speed. I don’t need to be an old man to earn my place. I will just take it. The internet belongs to the new generation. If you think this was just luck then you’ll be caught by surprise soon enough ;)
Monday Motivation: Whenever everyone around you quits and gives up, keep pushing. If you want to be the best you have to work harder than the rest. 👊🏼 Have a blessed day 🙏🏼
Thoughts on Investing / Trading:
To make informed decisions about when to exit an investment in the markets, it is crucial to have an exit plan in place before entering any trade. You must always have the end goal in mind. Take the following factors into consideration:
•Evaluate how your initial thesis is progressing and if it still stands
•Assess the current competitive landscape and identify any emerging competitors with higher potential (for example: FedNow is a threat to PayPal)
•Examine whether the protocol or project is delivering on its promises. Team performance matters.
•Analyze the future strategy and roadmap of the investment. You need to have an understanding of where they are headed.
•Revisit your original thesis and determine if any significant changes have occurred since your initial purchase. Do this regularly even if you’re at a loss. It’s okay being wrong.
In the realm of trading markets, I do not recommend a moon boy HODL approach, except for select investments such as Bitcoin.
Most markets are highly speculative, and it is essential to stay attuned to evolving trends. In crypto for example, trends can last a few weeks before it goes to shit.
Implement the concept of "zero-based decision making" by regularly asking yourself if you would buy your existing holdings at their current price. If the answer is no, consider cutting your losses.
Cutting losses is an often underestimated skill in trading. It can be difficult as it requires admitting when you were wrong and detaching yourself from emotional attachments to the community. You need to cut your losses fast and reassess. ALWAYS.
By approaching investments with a rational mindset and being ready to cut losses when necessary, you can improve your overall performance as a trader.
Remember, success in these dynamic market conditions demands adaptability and the ability to make tough decisions when circumstances change.
I’ve given up a lot to get where I am.
The one thing I never gave up was expressing my opinions.
I’ve lost business over it, I’ve been criticized for it, and many tried to cancel me for it.
For every deal I lost, I closed 10 more,
for every critic, I gained support,
& for every attempt to cancel me, I got resilient & stronger.
#FreedomOfSpeech
Money tends to run away from those pursuing it, yet it's easily attracted by those who are at a level to understand that money is nothing more than monopoly money . Chase the wealth of the mind, and the byproduct of it will give you access to more than you can dream of.
-Luke B