I love trading. Been doing it for a decade+ as a serious thing for me. I don’t have a hundred monitors and most the time I can do what I do via my phone or iPad, so I don’t even have to be at my trade station. But when I am, I find emotions are much less in play. So I prefer to be at my computer as it’s a layer of protection through discipline. Anyone can learn to trade and there are a thousand different ways to do it. There are fewer vehicles (skills one can learn) that grant the most optionality with least risk based upon effort. Don’t get me wrong, it takes effort and I’ve certainly lost my fair share of capital along the way. But once you dial in your emotions and trade in a mechanical disciplined manner, it’s simple to become successful. In short, you just can’t be greedy and you gotta stack base hits. That’s why most people who trade fail. They want the glory of home run after home run followed by a grand slam (for those paying attention and know Baseball, that’s not probable let alone possible becasue if you hit a home run there is no one left on base to fulfill the requirements of a grand slam!) Another thing that helped me is I’ve learned to focus on one or two assets to trade if I’m scalping. This keeps me focused and I really learn the nuances of the underlying. For me, that’s Gold. It’s reliable in its moves and there is tons (pun intended) of liquidity across markets (ETFs, futures, forex, even your pawn shop deals in gold). Likewise, there are some assets I don’t trade…I accumulate (ie BTC). Or if I do trade something I’m stacking, it’s part of a pair rotation or portfolio rebalance. My general approach to business, and yes to me trading is a business, is: trade for cash flow then parlay a percent of profits into growing the asset you traded and a percent into my macro beliefs—what I’m stacking (want to accumulate more of). P.S. @Tuvok I just upgraded my trade station yesterday. #trading #tradestr #Bitcoin #investing #investstr #business View quoted note →

Time is the thing most forget. The instant gratification propagandized by most is the bane of society, It’s prevalent everywhere from the products we buy to the services we use. Heck, it’s even present in diets and pharmaceuticals. Now granted, some things such as when I call the plumber or the AC repairman—I want them NOW! But if we slowed down and just took gander at life with a slightly longer time horizon, we’d see that we don’t need 90% of what is being marketed to us. I wish I learned this a couple decades ago… But the good news? My son ‘ll be all set! He’s already changed some of his ways and delayed gratification so he isn’t as trapped as his peers are or will be in five to ten years time. View quoted note →

I simply love how generous the Bitcoin community is. I think this is why I enjoy NOSTR so much more than other platforms. All the others are too transactional. NOSTR is relational, which fits nicely with one of my core beliefs that #Leadership = Relationships View quoted note →