Rule Du Jour: Rule #28 Ignore Short-Term Noise (Patreon)

Rule Du Jour: Rule #28 Ignore Short-Term Noise: Focus on the long-term trends and fundamentals, not day-to-day fluctuations.

Core Principle:

Prioritize long-term trends and fundamental analysis over short-term market fluctuations. The market is designed to wreck your head. 

In investing and trading, both in traditional financial markets and cryptocurrencies, focus 80% of your attention and resources on long-term trends and fundamental factors, while allowing only 20% consideration for short-term market noise. Aim for success in 80% of your decisions over the medium to long term, rather than trying to win every day. 

For example today I tried to make a limit order to sell MSTR at $440.  I was too chinzy on my LO and I watched it tank… I missed the oppty but everyday there is one. 

Ignore the noise. Do not let it get you down. Resist the urge to make impulsive decisions based on daily price movements or short-lived news. Remember markets are highly manipulated eg BTC today from 103 dropping to nealry 90K in hours.  

Benefits Of Ignoring Short Term Noise:

• Reduced stress from daily market fluctuations

• Improved decision-making based on substantive factors

• Higher probability of long-term success and wealth accumulation

• Better alignment with your personal financial goals