If you are experiencing a bull market for the first time, you are likely to hold on during a 60-80% drop, and you might even lose money (many people fail because of greed). If it’s your second time, you might sell too early because of the trauma (PTSD) from the previous cycle.
Rule 1: Don't chase whole numbers.
If you're young, is your goal 1 million dollars? Guess what will happen; you might reach 876,000 dollars or close to that, and then the market will suddenly correct sharply.
If your goal is 5 million dollars? You might reach 4,678,923 dollars, and then suddenly a -70% crash happens. And so on.
Lady Luck does not like whole numbers; it is almost a manifestation of a greedy mentality. She will immediately take your wealth away.
Rule 2: Never tell others about your wealth.
If you want to increase your chances of acquiring generational wealth, the goal is to tell everyone you are poor and have nothing. If you have 10 BTC, say you only have 1. If you have 10,000 ETH, say you have 100. And so on.
If you shout on TikTok, 'I told you so!!!' because some token has risen 5 times, we can assure you that you will lose everything in a bear market, and even more.
Apart from celebrities or professional athletes, Lady Luck only bestows great wealth upon those who remain low-key. Who is Aron Landy? That's right, most people would have to look up that name.
Rule 3: Be happy for anyone who succeeds.
The vast majority of people are envious. If you are right 95 out of 100 times, they will keep emphasizing the 5 times you were wrong, not realizing that this proves how high your accuracy is. If mistakes are rare, it means they are not the norm.
If someone makes 10 times their money on a meme coin, cheer for them. The same goes for NFTs that make 2-3 times. Jealousy or envy brings no benefit; it will only diminish your luck.
Lady Luck always rewards the winners. If you don't need something, you will receive more. If you are always jealous or resentful of others, your luck will likely shift to them.
Rule 4: Sell when feeling inflated.
You may have mentioned cryptocurrency to a few people, only to receive strange looks in return. You've tried to explain it to them countless times. Even if some people have a slight understanding and hold a small amount (like 2 BTC), they might still think you're crazy because they only jokingly bought a little and don't truly understand (otherwise, they would be as crazy as you).
If your parents and friends—those who once mocked you—start saying, 'You were right,' it's time to sell.
Lady Luck does not reward those who do not respect money.
