jonnyboi on Warpcast

Content pfp

0 reply

0 recast

0 reaction

jonnyboi pfp

My takeaways from https://www.youtube.com/watch?v=l0SYxyHH8l4 1. Understand the difference between an error in your process VS an error in the outcome. Outcomes in (crypto) markets are random, uncontrollable. Focus on controlling your processes.

1 reply

1 recast

3 reactions

jonnyboi pfp

2. Not following through on what he wanted to do. Writing and sharing his opinions publicly helped to force him to follow up with action.

1 reply

0 recast

1 reaction

jonnyboi pfp

3. Reacting VS Responding. Not having a plan for what to do when price does a 2x, 3x, 100x, 1000x and having to react when price hits that target (reactionary). Instead, he now plans what to do in advance if a position does X or Y (responding).

1 reply

0 recast

1 reaction

jonnyboi pfp

4. His biggest mistake: Not updating the thesis for an investment (as price changed).

1 reply

0 recast

1 reaction

jonnyboi pfp

5. Only checking the price (wishing on the outcome). Lesson: Do the legwork, chat in discord, reach out to founders, leverage the community

1 reply

0 recast

1 reaction

jonnyboi pfp

6. Insulate your lifestyle. Frees up your mind, allows you to be more aggressive without having to worry about maintaining your lifestyle (e.g. paying rent)

1 reply

0 recast

1 reaction

jonnyboi pfp

7. If you're not making mistakes you're not taking enough risk.

1 reply

0 recast

1 reaction

jonnyboi pfp

Another great pod, thanks @santiagoroel for your willingness to share so openly! I didn't mind the unstructured format, I felt it gave you the airspace to talk freely and share your experience.

2 replies

0 recast

1 reaction

jonnyboi pfp

Also enjoyed the section near the end where @yanowitz talked about his mistakes and lessons as a founder, would love a pod diving deeper into that topic.

0 reply

0 recast

1 reaction

Santiago R Santos pfp

Santiago R Santos

Really appreciate it! Great summary 🙏

0 reply

0 recast

1 reaction