Lessons I've learned trading crypto (part 1) : Trade less. Trade big.
Lessons I've learned this year trading crypto actively.
- Part 1
Trade less. Trade big.
World class investors are particularly adamant about this one. You only need 4-5 good decisions to get rich.
I quickly learned It's not about how often I lose, it's about the magnitudes and rightness when I win.
When I win I have to win super freaking big.
I can say my friends grew tired of me repeating this quote again and again. But it's more of a self-reminder. We are creatures of habits after all.
So I'm not asking what can go wrong, I'm investing when it's worth zero. I'm asking what could go spectacularly right.. And I only have to be right a fair number of times as long as the idea has the exponential power. We will touch on the exponential power of ideas in a later post.
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