2 days ago
7
Key Takeaways:
- Pal: greatest crypto mistake is touching a position you should have held forever.
- Bad timing isn’t the problem – human interference with good positions is.
- Every time you touch a position you introduce a new decision point and new risk.
- Rules he wishes he’d followed from day one outlined in The Journeyman episode.
Raoul Pal has been in crypto long enough to have made the mistake himself. In a recent episode of The Journeyman, he laid out the rules he wishes he’d followed from day one, and the one that sits above everything else is deceptively simple.
“The greatest mistake in crypto isn’t bad timing. It’s touching a position you should have held forever,” he said.
Most people read that and think it’s about selling too early. It’s not. According to Pal it’s about something more specific and more damaging, the act of interfering with a position at all. Checking it obsessively. Rebalancing it. Taking partial profits because the number felt g...
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