this is a shot at chamath lmao
but also highlights importance of trade conviction and sizing
common advice is to gradually scale out of winners, but if you're early in something and it's starting to prove that it'll deliver?
double down dude
but also highlights importance of trade conviction and sizing
common advice is to gradually scale out of winners, but if you're early in something and it's starting to prove that it'll deliver?
double down dude
https://twitter.com/kyled116/status/1456093579030327298
obviously VC and PE work a little differently than slinging shitcoins
but for those of us doing the latter, we have the ability to throw tiny amounts of money at a ridiculous number of projects very early
if they fail, so what, it was tiny. But the ones that start to succeed...
but for those of us doing the latter, we have the ability to throw tiny amounts of money at a ridiculous number of projects very early
if they fail, so what, it was tiny. But the ones that start to succeed...
...usually have a greater chance of continuing to do so
a coin that is up 100% in 2 months is much more likely to be up another 100% in the next two months than a coin that hasn't moved at all.
it's counterintuitive, but it's true
a coin that is up 100% in 2 months is much more likely to be up another 100% in the next two months than a coin that hasn't moved at all.
it's counterintuitive, but it's true
so when you start to win, fucking squeeze that opportunity and do your best to win big
don't handicap your upside as soon as it starts to arrive, increase it!
otherwise it won't matter how many things you're early to.
Nobody hits homeruns by taking half-assed swings.
don't handicap your upside as soon as it starts to arrive, increase it!
otherwise it won't matter how many things you're early to.
Nobody hits homeruns by taking half-assed swings.
the vast majority of my success in markets so far has come from 7 trades out of the thousands I've taken (ordered chronologically):
long $SHOP
short $ETH
short $ADA
long $BTC
long $FTT
long $BTC
long $SOL
long $SHOP
short $ETH
short $ADA
long $BTC
long $FTT
long $BTC
long $SOL
each one of these trades took me to a new level in my portfolio/career that would otherwise have taken years to achieve
there's nothing wrong with piling up small wins
but every once in a while you get the chance to level up in a big way
be ready to milk them when they arrive
there's nothing wrong with piling up small wins
but every once in a while you get the chance to level up in a big way
be ready to milk them when they arrive
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