Survival > conviction in this game.

Most people think they're long-term holders until their bags bleed 60%. Then they panic sell the bottom.

The real alpha isn't finding the next 100x—it's having the stomach to ride through multiple -50% drawdowns without capitulating.

Time in market beats timing. But only if you don't get shaken out first.

Position sizing is your best friend. If you're overleveraged, you won't last. Period.