First will follow an example where you should not do things I love all kids from my own experience how
I lost $15000 in a day.
Market started this crossing is started going down.
I just saw you in the moments the chart how it solved the crusting I thought.
Now the bubble is popped.
I sell now and I you've got buy back when it's even lower.
It was going down.
No no no no.
I thought OK I will buy here when it goes even lower.
I will buy.
I do know what happened immediately when I saw the market start going up.
So it went down.
I sold here then it went up and I was back again somewhere here.
I bought back my coins and lost $15000 because I sold them before.
Lesson Don't sell new gold coins never go up again.
If they have really long term value.
So this really depends on how well you do your research before.
If you have done your research this is a good one.
This is a good investment.
Then you don't need to worry about the crisis then you can just buy more.
I would show you an example.
So bitcoin in the end of 2017 it was here it went even or $20000 per one coin.
Then it started going down down down down down down down down down until 13.
Twelve thousand dollars towards it.
Wow.
People started talking it will go to less than $10000.
Sell sell sell buy again when it's $9000 or something like this I thought OK I will buy sell something
now and buy back when it's less than $10000.
But do you know what happened.
It went back again and it went back to 16 to 17 thousand dollars.
So then I bought at some point and I lost some money because I was selling in the low.
And this is what I explain what happened.
I didn't buy high.
I bought something in 2015.
Then again something more to those 17.
But anyway I'm at big money even though I sold here.
But I would have made more if I would have to hold.
So that's one lesson that I learned that they don't sell when it's going down if the coin is good don't
sell it and do what you should do.
The other thing what I'm doing from now on always billionaire said Klarman who is a very and highly
successful investor says the single greatest eds an investor can have is a long term orientation.
So this is what a billionaire says the greatest is an investor can have is a long term orientation.
I want to underline long term orientation not say selling for little profit or selling for bigger profit
or not selling at all.
So let's say that you bought corn for a long term.
But what if market crusties.
It's always easier when it's going up.
You just hold it you're making profits you're making money.
But what if the market crashes.
If it goes down like in my example with Bitcoin let's say it's just one example.
If you're told it's a good investment for $1 you know it's even better anyways.
Pen for 50 cents.
Because when the price is lower you remember the picture when the price is lower the potential is greater
when the price is higher.
The risk is bigger.
So if the market crashes you buy more because cross-sell opportunity.
If you think that this is a gold coin for $1 you know it's even better it's it's sale.
Can you imagine when you go to Wal-Mart and something is that a minus 50 percent discount.
We think it's wonderful sale.
It's cheap and it's the same for investing.
If something is cheaper it's better if there is more opportunities.
You imagine and it of course requires that to make your research well at the beginning.
You have made deals and research that it really is a good long term investment when ethanol price starts
dropping from its peak.
It's an opportunity to do buy more for a cheaper price because a term has long term value but didn't
connect when the price started dropping.
It just means the suspicious system Crassus.
So you need to know the difference between a good long term investment and a bad long term investment.
Interim had lots of long term value because they didn't have everybody.
So this is a Ponzi scheme.
This is a scam and then it's in trust.
But if you didn't do your research there were millions of people who put money into Bitcoin because
they didn't do their research in the next section.
I'll show you how I use this reality.
In other cases and how some people have made even millions of dollars using this Runcie I'll also show
you where am very highly practical examples.
So what's the next lesson.
Very very carefully.