Very talented trading geniuses can still go bust if they don't have good risk management skills. Here are some thoughts and tips on how we've learned to approach and think about #risk: bit.ly/3uhlGMh
1/ There's endless opportunity and those with enough knowledge and skill can just keep winning while 80% of #traders fail. The 2 most significant areas to focus on, if you want to stay on top, are #education and mastering self-control
2/ Making decisions about how much to allocate to each of your favorite asset classes doesn't need to be stressful. By starting with a hard number of maximum possible loss relative to our net worth, we can establish relative percentages to use as a guide for sizing our bets.
3/ If you're always all-in, you'll eventually get #Rekt. spreading out our risk capital across several platforms can insulate us from complete financial ruin. We recently posted a great thread covering this and other common #DeFi mistakes:
bit.ly/3584QHe
4/ Education is insanely important if we plan to make it, and keeping up with crypto's ever-expanding financial vocabulary is an important part of making well-informed determinations about your actual risk exposure. We shared our favorites recently:
medium.com/momentum6/mome…
5/ A healthy #mindset is an often under-rated necessity for any successful risk manager. Certain strategy games like poker can help you develop the psychological fortitude you'll need to beat the game of #investing and #trading. Here's a good example:
medium.com/momentum6/pock…
6/ We should always be conscious of the possibility of Black Swan-type events, but also keep in mind that under the worst possible scenarios, how much our portfolio is worth might be the least of our concerns. Keeping things in perspective helps us keep our decisions reasonable.

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More from @Momentum_6

Mar 23
Here's a 🧵 about why real estate will eventually get tokenized and what that model could look like 👇

A thought experiment... Image
2/

First, let's address what we mean by tokenized -- tokens will be created to represent ownership of real estate.

Since every piece of real estate is unique, NFTs would be a great way to represent them.

These can also be fractionalized to allow for multiple owners.
3/

If you have a token that represents a property, you have digital proof of ownership in your wallet.

That can be plugged into other smart contracts. What can you do with that?
Read 14 tweets
Mar 22
💊M6 Daily Bullets💊
📅Tuesday - March 22nd📅

Ambire Wallet integrates Moonbeam Network

@AmbireWallet’s Smart-contract wallet is now integrated with @MoonbeamNetwork and @MoonriverNW networks. These are the first #Parachains supported by Ambire.
1/2
2/2
@AmbireWallet is gaining some attention for their efforts to lower the barriers to entering crypto with their unique accounts that can be registered and recovered with just an email address. This is an important innovation to keep making Web3 as user friendly as possible.
Secret Network 101

⁍If you didn't have a chance to read our recent overview, medium.com/momentum6/secr… , here’s a shorter summary of why @SecretNetwork is arguably one of the most important and valuable networks live today.
1/2
Read 20 tweets
Mar 21
Learning to manage #money is hard. Keeping up with an ever-expanding vocabulary of new financial terms to properly manage our investments is even harder. We're here to help. Here's a glossary of must-know financial terms.

Contributor✍🏾: @cardfarmpoker

bit.ly/3NkeDLA
1/ We've learned the hard way to always understand the latest lingo being used by anyone that's asking you to #invest your money into their project. We found our favorites and shared some short, (fairly) accurate definitions of some of the most interesting words found in #finance
2/ We've covered some aspects of the #DeFi multi-verse in previous threads. be sure to check these out for further elaboration on some of the more abstract concepts in decentralized finance.
bit.ly/3JBZovi
Read 7 tweets
Mar 21
While the markets continue to chop, let’s see what happened in the world of our portfolio companies through our m² program: bit.ly/3ItvBDz

Also, be sure to join M6’s 1 Line Intros Telegram channel to build partnerships and acquire users: t.me/m6connect!
1/ 🤝Connections
• Connected portcos @PlayElumia with @DROPPgg
• Connected portco @WeArePlanetMojo with @digistrats_com
• Connected with @CelestiaOrg to explore opportunities to help modular and roll-up focused portcos
• Connected portco @RoTTheGame with @SkillGuilds
2/ 🤝Connections (cont.)
• Connecting portco guilds with @Gamestarter IGO platform
Read 8 tweets
Mar 21
@Momentum_6 portfolio company @_parastate has been referred to as “#Ethereum on steroids.” ParaState offers advanced #tech to tackle some of the challenges facing #developers today.

Read more: bit.ly/3ihWkIy

Contributor ✍🏾: @crypto_clarke
1/ ParaState VM’s distinguishing feature is its compatibility with Ethereum code allowing projects already running on Ethereum to migrate to the Polkadot ecosystem with just a few or no changes to the code.
2/ Developers creating products for Ethereum can opt to deploy their products in the #multichain @Polkadot ecosystem. What’s more, these developers can migrate non-Ethereum projects to #WASM and not worry about security or speed.
Read 7 tweets
Mar 21
💊M6 Daily Bullets💊
📅Monday - March 21st📅

DeFi Olympiads

⁍The spirit of experimentation in #DeFi lives on, but this time we can't go complaining to the Developers. @DefiOlympiads offers an opportunity to test new mechanisms and try to break them
1/2
2/2
⁍Players must use their TICKET tokens to collect as many MEDALs as possible. #Hacks and exploits will NOT be penalized. MEDAL holders will get proportional airdrops later when these new protocols launch. But If anyone annoys the developers, the 'toxicity bond' gets extended.
Decentralized Deep Learning

@gensynai announces a $6.5M seed round led by @eblockventures to build out a #decentralized Deep Learning infrastructure that enables individuals to contribute processing power to a decentralized compute network.
1/2
Read 22 tweets

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