I just came across a passage and sat there stunned for a moment.
There’s a lesson in *The Big Short*:
The people who shorted subprime mortgages endured two years of torment and ridicule before they were proven right. Being right about the direction doesn’t mean you’ll survive long enough to see it pay off. That’s why position size and timing matter more than direction.
Take today’s $MAGIC as an example: currently at 0.112100, up 40.12% in 24 hours. This kind of market action perfectly illustrates the lesson above. It’s no coincidence—it’s human nature playing out in the markets all over again.
Looking back, the signs were all there in that sentence.
Making a note of it now, to compare later.
#MAGIC #投资哲学 #交易心态 #Crypto
There’s a lesson in *The Big Short*:
The people who shorted subprime mortgages endured two years of torment and ridicule before they were proven right. Being right about the direction doesn’t mean you’ll survive long enough to see it pay off. That’s why position size and timing matter more than direction.
Take today’s $MAGIC as an example: currently at 0.112100, up 40.12% in 24 hours. This kind of market action perfectly illustrates the lesson above. It’s no coincidence—it’s human nature playing out in the markets all over again.
Looking back, the signs were all there in that sentence.
Making a note of it now, to compare later.
#MAGIC #投资哲学 #交易心态 #Crypto