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All moments › Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting

FTX loss taught counterparty risk and self-custody importance through expensive mistake.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 36:29 · speech

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Maybe it was a big loss, but it was a loss that caused you to learn something that changed how you trade. Like, is there a singular mistake you can look at where you're like, man, I did something wrong there. I know in the future I'm not going to do that, you know, again. It could be crypto related, it could be from your earlier days trading. Like for me personally, for example, to give you an idea, I learned about counterparty risk by having a bunch of money on FTX. That was a lesson for me. It was a very expensive one. I learned about the wonders of self custody. Do you have anything like that over your career that maybe you can point to that change just how you operate? Sure. Oh man, I don't think there's one lesson, right?
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