trading mantras

as a trader, you have the exact amount of money you are supposed to have.

everyone will revert back to the networth they deserve.

next time you feel the need to "do something", to take some extra risk, to bump up the risk meter, to have a portfolio end goal in mind "before the cycle ends", to FOMO in a spot in which you're not sure of your edge, take it easy. tomorrow there will always be another opportunity.

My job is to farm airdrops / So I never look at these prices / Doing one thing well is already not easy / Trading coins isn't my expertise / If you're holding, don't be anxious / If you're anxious, don't hold

table selection: a good game has most users acting sub optimally — the space left to optimize is the opportunity. ideally you want participants who are not paying very close attention, or if they are, they are motivated by non-financial reasons. you want to be doing stuff in places others ignore.

"everything you do today, every decision you make every day, reverberates infinitely in the immortal soul. if you continue to live as you live today, where will it place you in 5 years?" the reason i write, the reason i grind today is because i'm afraid of tomorrow's me. if i decide to imitate a loser, i shouldn't be surprised when i become one.

the quality of a decision cannot be judged by its immediate outcome.

there is a huge difference between knowing what the right thing to do is in a given situation and actually being able to execute on that. and that is often the difference between somebody losing money in the markets and somebody making money in the markets.

just don't die. and if you survive, you'll have no choice but to make it.

the hardest part is to just do nothing. everything is secondary to survival. you have to show up everyday still holding capital to keep playing the game and to continue learning.

5x a year there is free money on the floor. pick it up. do nothing. repeat. outperformance.

survivors learn to protect downside. losers keep chasing upside. focus on preserving capital, taking high probability trades and avoid revenge trading. do not trade without edge.

as long as you have capital, you can keep playing.

those who do not manage their risk will have the market manage it for them.

a person who chases two rabbits catches neither. double down on your edge and pareto principle the rest.

if you suffer drawdown, cleanse your peak net worth from your mind. fully identify with your new net worth. you cannot anchor to your old all time high.

do not get emotional, or revenge trade. don't tilt. internalize that your past decisions are gone and every passing moment is an opportunity to make the right play. otherwise your mistakes compound instead of just washing away. this is the surest way to eventually take yourself out of the game and zero out. keep compounding small good decisions instead.

each mistake you learn from is a moat that will kill your competitors.

you have to be willing to sacrifice everything if you want to win. most people don't actually want it badly enough and that is fine. but there is always money to be made for those who are hungry and prepared to work hard enough.

the most important thing for anything you do in life is that you need to win.