Yesterday I had a stunning realization.
Two, actually.
I’ve made enough money.
I am not good trader. I’m not a particularly great investor, either.
I think the only thing — and I mean the only thing — that has ever separated me from my peers has been my ability to take profits.
I tend to buy when I know something is extremely oversold. In my mind, it’s obvious. Buying Solana at $8 was obvious. Buying ETH under $2000 was obvious. But I have never perfectly timed the top.
Not once.
And for the record, timing the top is impossible. If you time it perfectly, you were either a terminally online sociopath, lucky, or a strange combination of both.
This is why I always tend to sell at half-time.
I sold “too early” last time, too. Right before Terra LUNA crashed, and the FTX scandal.
In the moment it feels wrong.
There’s still so much opportunity (there is).
It feels like you’re leaving too many chips on the table. Little do we know, this is how Vegas manages to trap its customers. Its why most traders are unprofitable.
They leave the real chips on the table, and forget the point.
I still believe the point of all of this is to bet on yourself.
By no means is this financial advice. I’d feel horrible if you ever took my advice on anything financial. I’ve come to peace with the fact that BTC to 100k this cycle is a likely scenario, and I’d miss out on most of it.
I’m okay with the opposite too — are you?
I’m only here to share my raw takes, experiences and ideas.
I don’t care about larping or anything like that. I care about taking the opportunities the market blessed me with and making more opportunity with it.
I hope you make all the money in the world. But don’t just make money for the sake of making money… create impact.
Use it to help someone.
To create value.
Do something to make the world a better place.
At the end of the day, it’s your choice.
But if you don’t, then what was the point of making it?
If you’re reading this and disagreeing that you should use money to change the world around you; maybe you’re right. Maybe you should just hoard it all. Keep gambling.
Maybe I’m crazy. But greed and apathy are things I don’t relate to anymore.
There was a time where I felt like I had to relate to those things. For a while, I think it worked. But I didn’t like that version of myself.
I’m taking time to work on my brand, repair some relationships and help the people I love.
And of course - I’ll be scooping deals up when they’re low again.
Earlier I said I’d feel horrible if you ever took my advice on anything financial. And I meant it. Don’t follow my lead. Your situation is different from mine.
But whoever you are reading this… remember to bet on people; but remember to also, eventually, bet on yourself.
If that’s lame advice, I’m sorry.
It probably is. Maybe I’m just getting old. — Lite.
All of us should be having some valuable reflections our your trading/investing journey like you just did as well as on our relationship with money. Finding peace with your decisions and focusing on creating impact beyond just financial gains is a powerful perspective shift. Betting on yourself and using your resources to make a positive difference in the world is a noble pursuit that can bring fulfillment beyond mere wealth accumulation.
When you said, lite is not your regular Web3 blog, I’m now completely sold. We dispense genuineness here. Cheers for sharing
You did well. No one can time the top or bottom. The important thing is to take profits. Securing profits is more important than anything timing. Recently, I've been depressed because I lost someone's money trading memes on Solana. I wish I could get $300-$400 from you to help me pay back because it's really disturbing me. Can you please help me? Recently I wanted to commit suicide but thought of my mum and everything and decided to keep living. But the pressure is much. I wish I could use some help. But if it isn't possible, I'd just keep praying things get better and the people I'm owing take it easy on me. Thanks for your advice. I wish I were you.