This thread won't spoonfeed you an altcoin that does a 100x.
This thread will help you become the type of speculator or investor that can FIND a 100x:
This thread will help you become the type of speculator or investor that can FIND a 100x:
In the bear market, we return to the fundamentals.
The fundamentals of assets (cash flows, tokenomics, product-market-fit)
And...
The fundamentals of investing: honing the process, actions, disciplines, and emotions of speculating and investing.
The fundamentals of assets (cash flows, tokenomics, product-market-fit)
And...
The fundamentals of investing: honing the process, actions, disciplines, and emotions of speculating and investing.
There are two categories of events in our life: events with outcomes we don’t control, and outcomes we do control.
Outcomes we don’t control frustrate us when they don’t pan out like they’re supposed to, even though they’re out of our control.
Outcomes we don’t control frustrate us when they don’t pan out like they’re supposed to, even though they’re out of our control.
One of these outcomes, even if we do EVERYTHING right, might not pan out.
The other one, we can accomplish 100% of the time.
The other one, we can accomplish 100% of the time.
Ironically, pursuing processes over outcomes makes the odds of obtaining desirable results even higher.
Processes force us to narrow down our actions and stick to a plan.
Processes force us to narrow down our actions and stick to a plan.
Some examples of process goals you can put into action TODAY:
In Poker, every hand is an opportunity to put a process mindset over a goal-based mindset.
Players optimize for making good decisions (betting in a way that maximizes expected return) over seeking good outcomes (trying to win a bunch of big pots)
Players optimize for making good decisions (betting in a way that maximizes expected return) over seeking good outcomes (trying to win a bunch of big pots)
The below graph helps us visualize how process-oriented players win over time.
The outcome-oriented player (red line) can get lucky and win over short time periods.
To simplify: we must move away from outcomes, and focus on optimizing our process.
Outcomes follow.
The outcome-oriented player (red line) can get lucky and win over short time periods.
To simplify: we must move away from outcomes, and focus on optimizing our process.
Outcomes follow.
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This piece was adapted from my email newsletter, @cryptoprag.
You can read more content just like this at CryptoPragmatist.com
This piece was adapted from my email newsletter, @cryptoprag.
You can read more content just like this at CryptoPragmatist.com
Specialization breeds success.
Many people come into crypto with the mindset that they will invest in anything and immediately get great results.
Your early losses are your tuition.
Edges are honed over repetition.
Many people come into crypto with the mindset that they will invest in anything and immediately get great results.
Your early losses are your tuition.
Edges are honed over repetition.
My friend @thedefiedge has a great thread on interesting niches that you can specialize in:
So how can you begin to execute on a process-oriented strategy today? A trading journal.
Journaling is a tool used across industries for improved performance and mindset.
It allows you to reflect on your process and your outcomes.
It forces you to be accountable.
Journaling is a tool used across industries for improved performance and mindset.
It allows you to reflect on your process and your outcomes.
It forces you to be accountable.
The way I journal is simple, and although there are lots of different frameworks for journaling.
Figure out what works for you. There are plenty of examples online.
I use a simple spreadsheet with the following points.
Figure out what works for you. There are plenty of examples online.
I use a simple spreadsheet with the following points.
A good plan and good process goes much further than a gambling mindset.
Identify your goals, the process to get to them, and keep track of progress.
Anything else is gambling.
Identify your goals, the process to get to them, and keep track of progress.
Anything else is gambling.
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