Great listen on high conviction bets by boss @kyled116 on @UpOnlyTV
Some personal takeaways and reminders for myself 👇
uponly.tv/kyle-davies-of…
Some personal takeaways and reminders for myself 👇
uponly.tv/kyle-davies-of…
1/ Denominate in BTC and ETH to have a grasp over the relative value of your investment. Always be thinking about whether your coins can outperform them.
2/ Agency
Taking responsibility for your own investments and risks allows one to develop the conviction.
It may be mentally easier to offload the risk, copy trade and follow other people's recommendations but that's no way to build conviction.
Taking responsibility for your own investments and risks allows one to develop the conviction.
It may be mentally easier to offload the risk, copy trade and follow other people's recommendations but that's no way to build conviction.
3/ Trading is counter-intuitive to the human condition and it is probably not a suitable strategy for most of us. Avoid over-trading, looking at charts too much if you are not a professional.
4/ Putting in 1% of the portfolio as a gamble, thinking it's fine if it 10xes or goes to zero is NGMI behaviour.
It takes away conviction and often becomes the reason for selling too early.
It takes away conviction and often becomes the reason for selling too early.
https://twitter.com/kyled116/status/1388326514026897410?s=20
5/ You need to care for your high conviction bets enough to grow the diamond hands strong enough to realize the 100x potential.
Find early and strong communities to contribute to, do the research and understand every aspect of the project.
Find early and strong communities to contribute to, do the research and understand every aspect of the project.
Another good convo at @RoundupCrypto
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