Today, I faced a tough financial setback, losing $6,500 from my futures wallet. While it stings, Iāve chosen to view this as an expensive but valuable learning experience. Hereās what Iāve taken away:
1. Greed Is the Enemy
I thought I understood this, but now I truly get it. Greed clouds judgment and leads to reckless decisions. Discipline and having clear targets are non-negotiable in trading.
2. Money Isnāt Everything
Losing this amount gave me perspective. Money can be earned back, but your time, health, and relationships are far more valuable and irreplaceable.
3. Stick to What Works
If I had focused on Bitcoin instead of chasing risky altcoin futures, Iād be in a much better position. Patience and consistency often beat high-stakes gambling in the long run.
4. The Market Canāt Be Outsmarted
Believing I could predict or outmaneuver the market was naive. Even top traders play with probabilities, not guarantees.
5. Create Real Value
Iāve wasted countless hours staring at charts without creating anything meaningful. The best investment is in building something tangibleāwhether a business or a skillāwhere I have control and can generate long-term value.
Key Takeaway:
Let your money work for you, not the other way around. While the loss was painful, the insights gained are priceless. Hereās to making smarter choices and focusing on a brighter, more grounded #BitwiseBitcoinETF $BTC