Some truths are only understood after you’ve lost.
Bruce Kovner’s position philosophy includes a lesson:
Kovner said his positions are always small enough that he can sleep at night. If a position wakes you up in the middle of the night to check your phone, then it’s not the position that’s wrong—it's that you’re already gambling.
Take today’s example: $BMT . Right now it’s 0.020400, down -9.37% over 24 hours. This kind of market action perfectly illustrates the point above. It’s not a coincidence—it’s human nature repeating itself in the market.
Everyone has heard the principle. The hard part is whether you can actually do it when that moment comes.
We’ll talk about it tomorrow.
#BMT #投资哲学 #交易心态 #币圈
Bruce Kovner’s position philosophy includes a lesson:
Kovner said his positions are always small enough that he can sleep at night. If a position wakes you up in the middle of the night to check your phone, then it’s not the position that’s wrong—it's that you’re already gambling.
Take today’s example: $BMT . Right now it’s 0.020400, down -9.37% over 24 hours. This kind of market action perfectly illustrates the point above. It’s not a coincidence—it’s human nature repeating itself in the market.
Everyone has heard the principle. The hard part is whether you can actually do it when that moment comes.
We’ll talk about it tomorrow.
#BMT #投资哲学 #交易心态 #币圈