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Discussion of conviction betting strategy inspired by Soros, managing risk-reward, and avoiding vaporware projects.

From He Figured Out What 99% of Traders Never Do | Ft. Loma · jumps to 40:00 · speech

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I'm a genius example Solana example hyper liquid, you know, so forth. Yeah, I completely agree. I mean, this is something that Dr. Miller talked about when he was working with Soros where he's like, I didn't realize the best guys in this space. Like when they have a bet they're confident in just how hard they press that bet. And it's never about how often you win or how often you lose. It's how much you make when you win and how much you lose when you lose. That's what it's all about. And to your point, that can be really good advice early on or really bad advice because with these altcoins, you know, sometimes when you're super confident in something, you get cognitive dissonance of realizing maybe this is complete vaporware. But sometimes you have to have that or at least you got to build that skill to do like what flood did where he's farming the airdrop.
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