This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.Perspective is everything.Investors and traders in the crypto space often have wildly unrealistic expectations.Your goal should never be to 100x an investment. Even a 10x return is an incredible feat that most investors will never achieve in any other market. The pace of our sector can make even a seasoned investor feel FOMO, even though we all know that massive wins are few and far between. Conventional investing wisdom outside of crypto says that you should aim for 10% portfolio gains a year, which will double your investment every 7 years with compounding. This has been enough for people to become wealthy in all other markets. 10% a year!What’s more realistic is to accumulate smaller wins with more at stake. And this requires patience.Like any wise investor, I don’t like risking a lot of my money. I love my money and respect how difficult it was to earn. This is why I preach using stop losses and always defining exactly how much money you are willing to lose on a position. My moves are calculated and never whimsical, and generally are structured in a manner that will take time to play out in either direction. If your investment keeps you up at night, that’s a huge red flag and it’s time to reassess. This is where patience comes into play.I also maintain a well structure portfolio to protect my capital. I generally have 70% in long term positions that I do not touch, primarily BTC and ETH with the leftover percentages of positions that did multiples and I can afford to let ride. I would rather take a slow and steady 2x on my investment portfolio than roll the dice and risk my hard-earned money. If you do feel that urge to gamble, it probably isn't even worth your time, because trades should only be taken with a very small percentage of your trading portfolio. The solution isn’t adding more to make the investment 5% or 10% of your net worth - the answer is usually to walk away and find something else that looks better.Patience and conviction go hand in hand. If you have conviction in an asset, you can justify putting in a larger percentage of your stack for a greater return. If somebody tells you they pulled a 10x, it is unlikely they did it with more than a tiny percentage of their portfolio. A 2x or 3x that you committed to, waited for, and believed in, can dramatically increase your entire net worth with minimal day to day management or stress. Simply buying ETH or BTC anytime in the past few years is a great example. 99% of hype chasers are either committing too little and wasting their time or committing too much and gambling. Don’t be fooled. There are a few advanced traders out there wisely risking 1% of their portfolio, with this number being enough money to justify their time. Don’t convince yourself this is the norm, just be comfortable and confident with your personal situation.To make money, you have to love it enough to protect it and let it grow at a healthy pace. If I double up on an investment (not a trade), I'm ecstatic - a sizable percentage of my net worth has increased. As my good friend Mark Yusko recently said on the podcast, “the two most important things in investing are fighting to see another day and doubling up.” So shoot for the slow and steady wins - you really only need a few over your lifetime to really make it big!In This Issue:Patience Pays OffBitcoin Thoughts And AnalysisAltcoin Charts“The Fake Environmentalist Attack”Crypto.com Lands Milestone Sports DealTIME Magazine Is Ahead Of The CurveMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
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The Wolf Den #375 - Patience Pays Off
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This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.Perspective is everything.Investors and traders in the crypto space often have wildly unrealistic expectations.Your goal should never be to 100x an investment. Even a 10x return is an incredible feat that most investors will never achieve in any other market. The pace of our sector can make even a seasoned investor feel FOMO, even though we all know that massive wins are few and far between. Conventional investing wisdom outside of crypto says that you should aim for 10% portfolio gains a year, which will double your investment every 7 years with compounding. This has been enough for people to become wealthy in all other markets. 10% a year!What’s more realistic is to accumulate smaller wins with more at stake. And this requires patience.Like any wise investor, I don’t like risking a lot of my money. I love my money and respect how difficult it was to earn. This is why I preach using stop losses and always defining exactly how much money you are willing to lose on a position. My moves are calculated and never whimsical, and generally are structured in a manner that will take time to play out in either direction. If your investment keeps you up at night, that’s a huge red flag and it’s time to reassess. This is where patience comes into play.I also maintain a well structure portfolio to protect my capital. I generally have 70% in long term positions that I do not touch, primarily BTC and ETH with the leftover percentages of positions that did multiples and I can afford to let ride. I would rather take a slow and steady 2x on my investment portfolio than roll the dice and risk my hard-earned money. If you do feel that urge to gamble, it probably isn't even worth your time, because trades should only be taken with a very small percentage of your trading portfolio. The solution isn’t adding more to make the investment 5% or 10% of your net worth - the answer is usually to walk away and find something else that looks better.Patience and conviction go hand in hand. If you have conviction in an asset, you can justify putting in a larger percentage of your stack for a greater return. If somebody tells you they pulled a 10x, it is unlikely they did it with more than a tiny percentage of their portfolio. A 2x or 3x that you committed to, waited for, and believed in, can dramatically increase your entire net worth with minimal day to day management or stress. Simply buying ETH or BTC anytime in the past few years is a great example. 99% of hype chasers are either committing too little and wasting their time or committing too much and gambling. Don’t be fooled. There are a few advanced traders out there wisely risking 1% of their portfolio, with this number being enough money to justify their time. Don’t convince yourself this is the norm, just be comfortable and confident with your personal situation.To make money, you have to love it enough to protect it and let it grow at a healthy pace. If I double up on an investment (not a trade), I'm ecstatic - a sizable percentage of my net worth has increased. As my good friend Mark Yusko recently said on the podcast, “the two most important things in investing are fighting to see another day and doubling up.” So shoot for the slow and steady wins - you really only need a few over your lifetime to really make it big!In This Issue:Patience Pays OffBitcoin Thoughts And AnalysisAltcoin Charts“The Fake Environmentalist Attack”Crypto.com Lands Milestone Sports DealTIME Magazine Is Ahead Of The CurveMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO