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Everything subjective. Risk management and planning crucial for every trade decision.

From Bitcoin Just Broke… Here's What Happens Next (LIVE) · jumps to 41:56 · speech

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Are four-year cycles subjective? Yes, everything's subjective. Jay, Gilby. Everything is absolutely subjective. Right? Nothing can be known for certain. Again, this is why it all goes back to the risk management and the most, you know, and just having some kind of a strategy. Whenever you make a trade, whenever you have a bias, whenever you invest in anything, you have to do it as if your thesis is right. Even though you know there's a chance, your thesis is wrong. You're taking on that risk, right? And so this is why every single trade you take, every single move you make, every cake you bake, every step you take, you have to have the plan for what to do if it goes in your favor, what to do if it goes and by doing that you're capping the risk. You're increasing the reward. You're making sure you're not taking yourself out of the game in one stupid decision. And over time, doing it that way is going to allow you to make profits slowly and steadily. All right, slowly and steadily.
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