bought an altcoin 3 days ago based on a thesis
never talked about it (and i still wont name it)
trying out a new policy where i avoid exposing my positions
had the time to validate my thesis today
it was completely wrong
sold off my position
oddly managed to book a nice profit
never talked about it (and i still wont name it)
trying out a new policy where i avoid exposing my positions
had the time to validate my thesis today
it was completely wrong
sold off my position
oddly managed to book a nice profit
#1 if everyone is wrong together, you can still make money
#2 its harder to hold on to positions when you know your thesis wrong
#3 a positive outcome doesnt mean it was a good process, vice versa, a negative outcome doesnt mean it was a bad process
#2 its harder to hold on to positions when you know your thesis wrong
#3 a positive outcome doesnt mean it was a good process, vice versa, a negative outcome doesnt mean it was a bad process
i *should* have tested my thesis first before i initiated my position
but sometimes time is of the essence, so i sized so i could "ape first, think later" without risk of ruin
and when i thought later, i realized i was wrong
still made money tho, this market is so broken lol
but sometimes time is of the essence, so i sized so i could "ape first, think later" without risk of ruin
and when i thought later, i realized i was wrong
still made money tho, this market is so broken lol
cheat sheet
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