Munger once said, “If people weren’t so often wrong, we wouldn’t be so rich.” His point? Most investors lose money not by bad luck, but by repeating avoidable mistakes.
Here are 5 deadly errors Munger warned against: 1. Emotional investing — Letting fear or greed guide decisions leads to poor outcomes. Stick to logic, not sentiment. 2. Market timing — Trying to predict highs and lows rarely works. The real gains come from patience and long-term holding. 3. Over- or under-diversification — Too little risk spreads you thin. Too much exposure increases vulnerability. Balance is key. 4. Unrealistic expectations — Markets are volatile and unpredictable. Stick to sound businesses and ignore short-term hype. 5. Failing to learn from mistakes — Analyze losses. Accept you’re wrong sometimes. Learn and adjust.
Munger’s legacy? Master your psychology, think long term, and profit where others fail.$BTC
Success in trading isn't about predictions or stock picking — it's about mindset, risk, and process. Here’s what sets top traders apart:
• Passion — fuels the discipline and study required to succeed. • Clear goals — knowing why you trade keeps you focused. • Perseverance — long-term success comes to those who don’t quit. • Resilience — bouncing back from drawdowns is essential. • Backtesting — testing systems avoids costly real-time mistakes. • Edge awareness — only trade when your strategy gives you an advantage. • Positive expectancy — bigger wins than losses, or high win rates. • Risk control — cut losers fast, let winners run. • Flexibility — adapt to what the market gives, not your bias. • Discipline — follow a plan, not emotions.
Trading is a performance craft — the edge is in execution. $SOL
Finishing my day in $6k loss, I‘ve just had bought one more time but decided to close everything and take a rest feeling exhausted🫣
Up‘s or down‘s, I‘m showing you also the red days like today from $24k down to trading it all almost back up, I could have definitely done better but I’m happy to see a lot of you done better than me 🙏🏽💰
CLICK WHAT YOU NEED NOW! (only as long as you can see this message..)$SOL
$#ETH bounced strongly from the $2,000–$2,150 demand zone, confirming it as solid support. A continuation toward the upper trendline is likely if momentum sustains above $2,550. Losing the $2,150 level could invalidate the bullish setup and signal deeper retracement. $ETH