@_theartofcrypto's Latest X Threads

Millionaires diversify. Billionaires concentrate.

[img:9EhT5NFxI]#FOMC today 13,6% chance for no rate hikes 86,4% chance for a 25 BP rate hike

It will take tens of hours until you finally “get it” enough to win your first few trades and incrementally less time for your next 100 winning trades. This is the reason why almost everybody fails. Humans have a hard time doing something with no instant feedback.

When I was 18: In order to become successful you have to do ABC. “If you’re doing that and you’re not successful, why should I listen to you?” Now: “How do you become successful at such a young age?” You do ABC.

Betting on rare, unlikely events with a big payoff can be a good trading strategy. Although a market crash might be unlikely, it can still be worth betting on it if the possible reward in such an event is large enough.

Everybody is optimising for higher and higher PNL months when they should be aiming to maintain consistently profitable months.

I always find it amusing to watch analysts trying to predict "the next big crash" But if we could do this accurately crashes wouldn't even happen in the first place.

I started trading because I wanted to achieve financial independence, and I did. What is YOUR reason for trading?

Most people think 5-figure PNLs are a flex. But the real flex is not needing to trade anymore.

The best traders add to their winning positions rather than their losing positions. This will help exponentially MULTIPLY your potential profits.