Advanced investment philosophy by Professor Adam.
2. Business or Gambling: A Critical Look at Cryptocurrencies.
Cryptocurrencies are not just another lottery ticket in the form of digital memes. It is a business opportunity. Do you understand this? The majority of people who start investing in cryptocurrencies are in a constant state of anxiety caused by fear. Most of them fear loss, which is the most insidious type of fear. With this fear, people try to convince themselves that they have already lost the money, so they do not have to face the emotional pain associated with inevitable loss. This is where the gambler's mentality comes from.
An example could be when people say things like: "I have a thousand dollars and I am willing to bet on a few tokens with high profit potential. A 10x increase would be great." In their minds, they have already convinced themselves that they will lose the money, not because they do not want to keep it, but because they are afraid of loss and want to free themselves from that feeling, replacing it with a dopamine rush from hope.
Professionals do not gamble and do not have hope. Research, hard work, and self-control are the keys to success. Either you force yourself to act like a professional, even once in your life, or you do not invest money at all. Gambling is toxic to the mind. It is a way of convincing yourself that losing money is okay. It never was okay! It never will be! I'm talking to you, yes you, who are listening to me now, never, ever risk on any investments, never again for the rest of your life. If you do not have an unfair advantage, you should not invest.
And what about the direct fear of loss? People are afraid to lose, they are nervous with every move in the market. They trade with that fear, which must be nurtured like a skill. The best traders accept the fact that not all trades will be winners. Only professionals live in peace with this fact.
Less experienced individuals live under such pressure of scarcity that they only feel safe when they have a promised 100% success rate. When they cannot get that guarantee, they panic and change the rules. The same rules that were supposed to protect them. Understand, changing a working strategy in panic to avoid the inevitable leads to destruction.
Stick to the strategy or the advantage. If the strategy is not working, close all positions, come back later and rewrite your strategy logically. Trading must be an emotionless experience. If the trade is not working, exit immediately, without any guilt, thoughts, or hesitations. This comes from accepting the reality of how market randomness works.
If you cannot deal with uncertainty, you will live in fear all your life. You will have to stick to your job like a good slave, a steady paycheck, week after week. You will never be afraid, but you will also never achieve glory. The direct fear of loss may stem from a sense of not being able to trust the market. It is true that the market is a killing machine and you can totally trust it to do what it does best, which is... exploit uninformed individuals.
After considering this, it should be clear that you cannot trust yourself. Amateurs cannot trust themselves to conduct research, they cannot trust themselves to create a plan or strategy, they cannot trust themselves to consistently execute a strategy with a confirmed advantage.
2. Business or Gambling: A Critical Look at Cryptocurrencies.
Cryptocurrencies are not just another lottery ticket in the form of digital memes. It is a business opportunity. Do you understand this? The majority of people who start investing in cryptocurrencies are in a constant state of anxiety caused by fear. Most of them fear loss, which is the most insidious type of fear. With this fear, people try to convince themselves that they have already lost the money, so they do not have to face the emotional pain associated with inevitable loss. This is where the gambler's mentality comes from.
An example could be when people say things like: "I have a thousand dollars and I am willing to bet on a few tokens with high profit potential. A 10x increase would be great." In their minds, they have already convinced themselves that they will lose the money, not because they do not want to keep it, but because they are afraid of loss and want to free themselves from that feeling, replacing it with a dopamine rush from hope.
Professionals do not gamble and do not have hope. Research, hard work, and self-control are the keys to success. Either you force yourself to act like a professional, even once in your life, or you do not invest money at all. Gambling is toxic to the mind. It is a way of convincing yourself that losing money is okay. It never was okay! It never will be! I'm talking to you, yes you, who are listening to me now, never, ever risk on any investments, never again for the rest of your life. If you do not have an unfair advantage, you should not invest.
And what about the direct fear of loss? People are afraid to lose, they are nervous with every move in the market. They trade with that fear, which must be nurtured like a skill. The best traders accept the fact that not all trades will be winners. Only professionals live in peace with this fact.
Less experienced individuals live under such pressure of scarcity that they only feel safe when they have a promised 100% success rate. When they cannot get that guarantee, they panic and change the rules. The same rules that were supposed to protect them. Understand, changing a working strategy in panic to avoid the inevitable leads to destruction.
Stick to the strategy or the advantage. If the strategy is not working, close all positions, come back later and rewrite your strategy logically. Trading must be an emotionless experience. If the trade is not working, exit immediately, without any guilt, thoughts, or hesitations. This comes from accepting the reality of how market randomness works.
If you cannot deal with uncertainty, you will live in fear all your life. You will have to stick to your job like a good slave, a steady paycheck, week after week. You will never be afraid, but you will also never achieve glory. The direct fear of loss may stem from a sense of not being able to trust the market. It is true that the market is a killing machine and you can totally trust it to do what it does best, which is... exploit uninformed individuals.
After considering this, it should be clear that you cannot trust yourself. Amateurs cannot trust themselves to conduct research, they cannot trust themselves to create a plan or strategy, they cannot trust themselves to consistently execute a strategy with a confirmed advantage.
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