Original guy’s quote added one extra line
But it’s horribly wrong
“Reevaluating” your beliefs too often is exactly what enables markets to screw you.
You end up re-evaluating your beliefs into the opposite, just before the market switches — and then end up miraculously being wrong 100% of the time instead of just ~50% of the time.
Real lesson here is NOT to be allowing yourself to be constantly retrained by the market
NOT constantly flipping to the opposite position just because of recent market actions
Biggest wins never come from doing what everyone else is doing, doing what the market has slowly trained everyone else to do
Be right
Then don’t flip to wrong just before the market is finally about to prove you right
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
But it’s horribly wrong
“Reevaluating” your beliefs too often is exactly what enables markets to screw you.
You end up re-evaluating your beliefs into the opposite, just before the market switches — and then end up miraculously being wrong 100% of the time instead of just ~50% of the time.
Real lesson here is NOT to be allowing yourself to be constantly retrained by the market
NOT constantly flipping to the opposite position just because of recent market actions
Biggest wins never come from doing what everyone else is doing, doing what the market has slowly trained everyone else to do
Be right
Then don’t flip to wrong just before the market is finally about to prove you right
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯7🔥1
DoomPosting
My take on where we’re at & where we’re going this cycle— So, if you ignore noise from the initial market launch frenzy in ~2011, and ignore noise from the 2020 covid crash, ensuing mass money printing, and ensuing market collapse — suddenly a pattern…
Updated MVRV chart
If you look close, so far the MVRV is nearly exactly following the light blue line forecast we drew a month ago ^^
Higher
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
If you look close, so far the MVRV is nearly exactly following the light blue line forecast we drew a month ago ^^
Higher
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🔥6👏3🙏3