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TaylorWebb.eth
@taylorwebb.eth
gm ā Iāve been investing in the Web3 space for over 9 years now, and want to share what Iāve learned and how I invest. You guys already know Iām very bullish on Moxie - this thread isnāt about Moxie, its about investing in Web3 projects in general. None of this is financial advice, Iām simply sharing what Iāve learned and what has worked for me. š§µš
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TaylorWebb.eth
@taylorwebb.eth
1/ Donāt trade I define trading as buying and selling on a short time horizon - hours, day, weeks - trying to time the market price changes. IMO price movements in the short term are just noise, and canāt be predicted any more accurately than a coin toss. Now add trading fees to the equation and it becomes obvious that the average trader loses money - its a negative-sum game. This why I have zero FOMO about all the memecoin mania happening on Solana. Sure, there are some people making lots of money, but most are probably losing. Itās a casino. On average the casino wins, not the gambler.
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Freytradesš©š
@freymon.eth
well i agree with this but i wont say donāt trade, ill say donāt trade only if you donāt know what you are doing or to phrase it better if you donāt have the right mindset/belief for it. You are most definitely correct when you say trading is gambling when you narrow it down to a single trade, itās all just probabilities and you can never be sure about a trade itās not possible (thatās why you need an edge) there is a RANDOM distribution between wins and losses for any given set of variables (mathematical models) that define an edge and an edge is nothing more than an indication of a higher probability of one thing happening over another
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Freytradesš©š
@freymon.eth
well what all my yapping boils down to (and this is only talking about your no1) is with the right set of models, edge and a probabilistic mindset, you can overcome the no1 advice/rule of āDONāT TRADEā
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