Stfu with your “take profits” scam advice
“Take profits” — another phrase that pretends to be so smart but is really vague unfalsifiable BS
Literally saying “just sell high buy low” — No, sh&t dumbass. Useless advice.
Problem with this dude was he was literally a big time sports gambler, betting huge on sports games he had zero edge in
If he would NOT have taken profits and moved it to sports betting — and instead had just left it in crypto, then be doing great right now
“Take profits” is “just buy low, sell high” fake advice
Vast majority are as bad at telling when the “high” to sell at is, as they are at recognizing when the “low” for buying is — especially in this past cycle.
If anything, the opposite of this advice is more often true — E.g. refusal to “let the winners ride” has wrecked far more portfolios this cycle than anything
— E.g. the absolute idiots who sold their $PNUT after the first ~5x, dooming their whole portfolio from the big win they needed to make it all back and be extremely in the green, since the REAL REALITY of these markets is “1 huge win returns the fund”
Cut the fake vague phrases that pretend to be good smart advice, but aren’t
That’s what I think of the useless vague af “take profits bro” advice
Choose well, allocate appropriately, and HODL is the real, emperically far more successful advice
Not this buy quick jeet quick day trader BS that daytraders push just to shill their perp trading affiliate links
Day traders are useless scammers who are wrecking everyone with their horrible fake advice and not gonna be silent about this anymore
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
“Take profits” — another phrase that pretends to be so smart but is really vague unfalsifiable BS
Literally saying “just sell high buy low” — No, sh&t dumbass. Useless advice.
Problem with this dude was he was literally a big time sports gambler, betting huge on sports games he had zero edge in
If he would NOT have taken profits and moved it to sports betting — and instead had just left it in crypto, then be doing great right now
“Take profits” is “just buy low, sell high” fake advice
Vast majority are as bad at telling when the “high” to sell at is, as they are at recognizing when the “low” for buying is — especially in this past cycle.
If anything, the opposite of this advice is more often true — E.g. refusal to “let the winners ride” has wrecked far more portfolios this cycle than anything
— E.g. the absolute idiots who sold their $PNUT after the first ~5x, dooming their whole portfolio from the big win they needed to make it all back and be extremely in the green, since the REAL REALITY of these markets is “1 huge win returns the fund”
Cut the fake vague phrases that pretend to be good smart advice, but aren’t
That’s what I think of the useless vague af “take profits bro” advice
Choose well, allocate appropriately, and HODL is the real, emperically far more successful advice
Not this buy quick jeet quick day trader BS that daytraders push just to shill their perp trading affiliate links
Day traders are useless scammers who are wrecking everyone with their horrible fake advice and not gonna be silent about this anymore
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯6👏5
Daytrader influencers are supposedly so successful from their day trading
— But their real job is giving you horrible advice to use when day trading using their affiliate links, from which they get commission for you wrecking yourself
Choose well, alocate well, HODL — is the real advice
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— But their real job is giving you horrible advice to use when day trading using their affiliate links, from which they get commission for you wrecking yourself
Choose well, alocate well, HODL — is the real advice
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯9
“It just means secure a little profit”
No
Scam
— Totally ignores the realities of early-stage investing
= ~One huge win must return the fund
= Vast majority of the investments fail, and then a very tiny fraction, often 1 or 2, hit 250x, 500x, or 1000x and more than make up for all the losses
THIS IS THE EMPERICAL REALITY OF EARLY STAGE MARKETS
So what happens when you “just take profits” at 5x?
= Rest of your portfolio ends up DEEPLY UNDERWATER
Because you missed the 1 win to return the fund
This is EXTREMELY WELL KNOWN both in tradfi and early crypto — EVERYONE SAW WITH THEIR OWN EYES that only HODLers across the cycles won
— It was not until THIS CYCLE, with the flood of new exchanges offering big affiliate commissions, that suddenly all the influencers say “take profit” > HODL
It’s all an affiliate commission scam that practically not exist until this cycle
Understand the basic realities of early-stage investing
(SHOULD take some profits at some well-qualified, emperically good exit event, e.g. hitting binance, or hitting some BIG multiple that’s e.g. enough to return the rest of your fund — but this unfalsifiable “you should have known that was the top” when it was not easy at all to tell that some top was the top, and that top wasn’t nearly enough of a big multiple to offset many losses — junk advice used to sell day trading affiliate commissions.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
No
Scam
— Totally ignores the realities of early-stage investing
= ~One huge win must return the fund
= Vast majority of the investments fail, and then a very tiny fraction, often 1 or 2, hit 250x, 500x, or 1000x and more than make up for all the losses
THIS IS THE EMPERICAL REALITY OF EARLY STAGE MARKETS
So what happens when you “just take profits” at 5x?
= Rest of your portfolio ends up DEEPLY UNDERWATER
Because you missed the 1 win to return the fund
This is EXTREMELY WELL KNOWN both in tradfi and early crypto — EVERYONE SAW WITH THEIR OWN EYES that only HODLers across the cycles won
— It was not until THIS CYCLE, with the flood of new exchanges offering big affiliate commissions, that suddenly all the influencers say “take profit” > HODL
It’s all an affiliate commission scam that practically not exist until this cycle
Understand the basic realities of early-stage investing
(SHOULD take some profits at some well-qualified, emperically good exit event, e.g. hitting binance, or hitting some BIG multiple that’s e.g. enough to return the rest of your fund — but this unfalsifiable “you should have known that was the top” when it was not easy at all to tell that some top was the top, and that top wasn’t nearly enough of a big multiple to offset many losses — junk advice used to sell day trading affiliate commissions.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5
TBH had always assumed that the big influencers who switched to sports betting were just larping
Just posting faked betting slips in order to get sports betting affiliate commissions
Well, looks like it may not have been a larp, some of them actually betting 6 or 7 figures on sports games they had zero edge on
Madness
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Just posting faked betting slips in order to get sports betting affiliate commissions
Well, looks like it may not have been a larp, some of them actually betting 6 or 7 figures on sports games they had zero edge on
Madness
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🫡6
DoomPosting
Daytrader influencers are supposedly so successful from their day trading — But their real job is giving you horrible advice to use when day trading using their affiliate links, from which they get commission for you wrecking yourself Choose well, alocate…
Daily reminder that timing DOES also hugely matter, when buying early-stage, newly-launched things
People lose because they are slow to enter after the markets begin surging — and get increasingly greedy with time, instead of front-loading
Why is it better to enter the market soon after it begins to surge?
Simple: Scammers are laggards
Soon after each big surge, it’s mostly authentic, earnest people.
After the bull has been hot for a while though, the noscript kiddy scammers with their rugging noscripts flood the markets, 100% of the new launches become non-earnest scams
It really is that simple
Timing does matter for early-stage investing, must front-load your allocations soon after the greed or extreme greed times begin, not rear-loading most of your allocation at the end, when all new launches become scams
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
People lose because they are slow to enter after the markets begin surging — and get increasingly greedy with time, instead of front-loading
Why is it better to enter the market soon after it begins to surge?
Simple: Scammers are laggards
Soon after each big surge, it’s mostly authentic, earnest people.
After the bull has been hot for a while though, the noscript kiddy scammers with their rugging noscripts flood the markets, 100% of the new launches become non-earnest scams
It really is that simple
Timing does matter for early-stage investing, must front-load your allocations soon after the greed or extreme greed times begin, not rear-loading most of your allocation at the end, when all new launches become scams
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯2
DoomPosting
Daily reminder that timing DOES also hugely matter, when buying early-stage, newly-launched things People lose because they are slow to enter after the markets begin surging — and get increasingly greedy with time, instead of front-loading Why is it better…
Oh, finally realized
Warren Buffet’s popular advice is ABSOLUTELY DEAD WRONG when it comes to NEW LAUNCHES
— by the mechanism described above, of scammers being laggards that take time to ramp up their scamming tools and infest the newest wave
This IS SURPRISING, because most all take Buffet’s advice to be true
It is perhaps true for MATURE INVESTMENTS, where Buffet always specialized,
BUT IS DEAD WRONG FOR NEW LAUNCHES
Surprising but true, should only buy new lauches during the greed times, and the evidence is overwhelming
Be greedy when others are GREEDY — When it comes to new launches, preferrably front-loading toward the beginnig, soon after the big market surge
(One way to sidestep this is to invest in things building — BUT NOT LAUNCHING THE TOKEN during the bear markets, where they will launch the token during the greed times.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Warren Buffet’s popular advice is ABSOLUTELY DEAD WRONG when it comes to NEW LAUNCHES
— by the mechanism described above, of scammers being laggards that take time to ramp up their scamming tools and infest the newest wave
This IS SURPRISING, because most all take Buffet’s advice to be true
It is perhaps true for MATURE INVESTMENTS, where Buffet always specialized,
BUT IS DEAD WRONG FOR NEW LAUNCHES
Surprising but true, should only buy new lauches during the greed times, and the evidence is overwhelming
Be greedy when others are GREEDY — When it comes to new launches, preferrably front-loading toward the beginnig, soon after the big market surge
(One way to sidestep this is to invest in things building — BUT NOT LAUNCHING THE TOKEN during the bear markets, where they will launch the token during the greed times.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯3
DoomPosting
After about a year and half - I was a banking and chemical analyst, and this guy calls me into his office and announces he's going to make me the director of research, and these other eight guys and my 52-year-old boss are going to report to me. So, I started…
Other reason that people are slow to enter, and buy new memecoin launches soon after the bull wave begins, like emperically they should be
= scars, from being wrecked too many times during the bear
“for the same reason they send 18-year-olds to war. You're too dumb, too young, and too inexperienced not to know to charge. We around here have been in a bear market since 1968." This was 1978. "I think a big secular bull market's coming. We've all got scars. We're not going to be able to pull the trigger.”
Scars that save you during the bear, wreck you during the bull
Time to slap yourself and wake tf up
Greed times are back
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
= scars, from being wrecked too many times during the bear
“for the same reason they send 18-year-olds to war. You're too dumb, too young, and too inexperienced not to know to charge. We around here have been in a bear market since 1968." This was 1978. "I think a big secular bull market's coming. We've all got scars. We're not going to be able to pull the trigger.”
Scars that save you during the bear, wreck you during the bull
Time to slap yourself and wake tf up
Greed times are back
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
❤🔥5
Forwarded from DoomPosting
Markets will mentally condition you over months to react a certain way to some market phenomenon and be rewarded for it.
Then they'll slowly start punishing you for repeating the same behavioral pattern.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Then they'll slowly start punishing you for repeating the same behavioral pattern.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4😁3
Forwarded from DoomPosting
Markets will mentally condition you over months to react a certain way to some market phenomenon and be rewarded for it.
Then they'll slowly start punishing you for repeating the same behavioral pattern.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Then they'll slowly start punishing you for repeating the same behavioral pattern.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4
Housing bubble is one of the biggest scams
One of the top things, if not the top thing, that inflates the USD through inflationary loans
Needs to be popped, but it’s too big to fail
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
One of the top things, if not the top thing, that inflates the USD through inflationary loans
Needs to be popped, but it’s too big to fail
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯8
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Day traders missing generational wealth by dumping 0.103 seconds after their position started to go up, because their favorite scamfluencer told them to “risk management” and “always take profit”
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
😁9
Do you have: full time job? Service or product-making job? Remote?
(SERVICE job = you provide a service for clients which can’t be infinitely scaled —vs— PRODUCT job = you make a product that can be re-sold to ~infinitely many customers)
(SERVICE job = you provide a service for clients which can’t be infinitely scaled —vs— PRODUCT job = you make a product that can be re-sold to ~infinitely many customers)
Anonymous Quiz
23%
NO do not work full time
14%
YES work full time, at a SERVICE job, and mostly REMOTE
23%
YES work full time, at a SERVICE job, and mostly IN-PERSON
11%
YES work full time, at a PRODUCT-making job, and mostly REMOTE
9%
YES work full time, at a PRODUCT-making job, and mostly IN-PERSON
20%
See results
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🇺🇸 Ben & Jerry’s co-founder Ben Cohen has a meltdown on Health Secretary Robert F. Kennedy Jr. before being thrown out of the hearing room.
A pint of Ben & Jerry's Milk & Cookies ice cream has 1130 calories, 97 grams of sugar, 117 grams of carbs.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
A pint of Ben & Jerry's Milk & Cookies ice cream has 1130 calories, 97 grams of sugar, 117 grams of carbs.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
😁8🔥2