When profits become too high, you should proactively distribute them to reduce the risk caused by a single asset, a single narrative, or a single position.
Don’t set yourself a target: you have to get full on one pig.
You have to aim for 100x, 10x—have to go all-in, add positions, fear missing the pump when it rises, hesitate to take profit when it falls, feel anxious when you miss the move, feel bad when you make less.
This kind of thinking, in essence, keeps increasing your exposure to risk.
You can occasionally outperform the market through judgment and nerve, but if in every round you try to push returns to the absolute extreme, in the end it’s very likely not that you’ll make more—rather, one mistake will make you give back all the profits you had.
Back then, after talking about the Trump doubling profit—once you could still “fly” on adding SOL and then another ~20% happened—take out 20% of SOL as reserve funds, spend a bit on food and drinks, and if you don’t need it, add it back to Ethereum and Bitcoin. This keeps increasing the amount of your high-quality assets.
Don’t worry about the price. It feels awful if you didn’t sell when Trump had a deep pullback the other day. But once your principal is out of the market, just treat it as something like “free assets” God gave you—there’s no cost either way. If it goes up, you make more; if it doesn’t, you make less.
Stick with it. After a few years, you’ll naturally become wealthy.
When the market is immature, there’s more arbitrage space. As it becomes more mature over time, there won’t be as many great asset arbitrage opportunities as there are right now.
$BTC $TRUMP $SOL
Don’t set yourself a target: you have to get full on one pig.
You have to aim for 100x, 10x—have to go all-in, add positions, fear missing the pump when it rises, hesitate to take profit when it falls, feel anxious when you miss the move, feel bad when you make less.
This kind of thinking, in essence, keeps increasing your exposure to risk.
You can occasionally outperform the market through judgment and nerve, but if in every round you try to push returns to the absolute extreme, in the end it’s very likely not that you’ll make more—rather, one mistake will make you give back all the profits you had.
Back then, after talking about the Trump doubling profit—once you could still “fly” on adding SOL and then another ~20% happened—take out 20% of SOL as reserve funds, spend a bit on food and drinks, and if you don’t need it, add it back to Ethereum and Bitcoin. This keeps increasing the amount of your high-quality assets.
Don’t worry about the price. It feels awful if you didn’t sell when Trump had a deep pullback the other day. But once your principal is out of the market, just treat it as something like “free assets” God gave you—there’s no cost either way. If it goes up, you make more; if it doesn’t, you make less.
Stick with it. After a few years, you’ll naturally become wealthy.
When the market is immature, there’s more arbitrage space. As it becomes more mature over time, there won’t be as many great asset arbitrage opportunities as there are right now.
$BTC $TRUMP $SOL