#BlueWhaleMorningDiary 23/2/11 (Day 111)
1⃣️Reflection/Flow [Is improving cognition a lie?]
Many people will tell you to read, just like many people will tell you to drink water. You know it is important but you may not necessarily do it. If a person lacks water for a long time, his body will deteriorate, and his mind will also dry up if it is not watered with new sources of life for a long time.
Reading is such a waste of time, and there is no immediate effect. Wouldn't it be better to use this time for research and trading?
In fact, they complement each other. The knowledge gained from reading can change your overall strategy. For example, if you read more books by Buffett, you will pay special attention to value, risk, safety margin and project research.
Cognition can also help you decide how much leverage to use at the moment of trading, whether to go long or short, which is the moment that determines victory or defeat. In this way, isn’t it important to read a book?
In fact, you can think of it this way: if you are willing to read a good book in a year, your annualized rate will increase by 1%, which may give you more motivation to read.
2⃣️Recent articles recommended
< Rockefeller Autobiography>
The American tycoon is also an industrialist and philanthropist. Through this book, we can get a glimpse into the psychology of the tycoon. Imagine if you were Rockefeller and you encountered the same problem at each stage, what would you choose? And if you followed your choice, could you still be rich?
3⃣️Gratitude and good luck
Thanks to bitcoin punk (NFT project on Bitcoin) for explaining the trading mechanism of ordinal. Since there is no secondary trading platform or wallet for NFT on Bitcoin, it can only be traded OTC. If you are not familiar with this, it is better not to get involved. The risk is much higher than that of projects on the high seas.
4⃣️Close distance link with blue whale
#BTC #ETH
