I want to tell you a story of one of my students that made and lost about 5 million twice…

And give you a few really key lessons that can be really valuable to you if you're a:

• Trader
• Investor
• Entrepreneur
• Anyone trying to build wealth

Jake came to one of our trading events in Austin around 2016…

And he told me how he traded his account from a few thousand dollars to over $5 million.

And I said, “Congratulations, great job being disciplined!”

He responded, “Well, there's a big problem. I gave it all back.”

We talked a little bit and I asked what he thought caused him to do that.

He explained that he took on bigger and bigger position sizes. 

He thought if he went from a few thousand bucks to about 5 million…

He could just as easily go from $5 million to $50 million relatively quickly.

Fast forward a couple years later, we had an event in the Cayman Islands…

And after the event, he said, “I did it again. I built the account back up to over 5 million, got aggressive and blew it up, and now I have less than I did the first time.”

You might be thinking…

How could he do this MULTIPLE times?

How could he work so hard and build up from nothing to $5 million bucks, blow up, and then do it all over again and make the same mistakes? 

Since I’ve coached so many people in this space, I can say it's a lot more common than you think…

People will make life changing amounts of money and then give it all back… 

Over and over again.

So I wanna give you some tips that can help you hang on to your profits.

How do you invest it wisely and not lose?

The first thing I would say is to not buy into the narrative. 

For example, in Bitcoin we have this narrative of exponential gain…

And what that does is it causes people to take on exponential risk. 

They don't take profits. 

They let their position sizes get outta control.

They can't handle the drawdowns and end up selling at the lows…

Or they end up using too much leverage and then getting margin called. 

The first thing I would recommend to anybody that has life changing gains, is to pull am amount out into liquid cash that would support you for a minimum of three years. 

That way, if the shit hits the fan and everything goes to zero…

You have the ability to not care for at least a few years.

The flip side of that is if you have too much cash and you're underinvested, inflation will erode at your net worth. 

How do you determine how much to pull out? 

Ask, “If this crashed by 90%, how much would I have wanted to pull out?” 

And “If it 10X's  from here, how much would I have wanted to have left on the table?”

By looking at those two scenarios, you can follow the “no regrets risk management strategy.” 

Look, trading and investing is all about making decisions today with high stakes…

Based on an uncertain future with no guarantees.

And the only way to guard the most important thing (your mindset), is to manage your positions in a way that you would have no regrets no matter what the markets did.

It was an incredible experience.

I got in the best shape of my life…

And my testosterone was through the roof!

But when I moved to Austin, I became “busy” chasing money and never sought out another gym.

The longer time went on, the more embarrassed I felt thinking of getting back into jiu-jitsu.

“What if I forgot everything?”

“What if I suck and can't tap anyone out?”

These toxic thoughts kept me from doing something I loved!

Then last week my friend Aaron told me his jiu-jitsu teacher was opening a new gym in Bali.

I was stoked!

This was my excuse to go see what I had left in the tank over a decade later.

Then Aaron told me a phrase I'll never forget…

“White belt for life”

He told me about Israel Adesanya, the current UFC middleweight champion who's known for his striking skills…

But is notoriously outmatched at jiu-jitsu.

After winning a big fight, Israel said…

“I'm a white belt for life and I want to stay that way.”

This mentality is powerful…

Because when you're a white belt, you get to approach a skill with “beginner's mind”.

There's no performance anxiety or expectations that you'll crush it.

You just get to focus on being curious and having and open mind with a clear mental slate.

No baggage from prior failure.

No ego expecting you to be “good”.

It's probably the most pure and enjoyable part of the skill development process.

And I think we can approach any skill with the “white belt for life” mentality…

– Investing in stocks
– Trading crypto
– Playing ice hockey
– Combat sports
– Writing sales copy
– Building a business
– Wake surfing
– Creating youtube videos

There are an endless amount of skills you can learn to enhance your life…

So why not ALWAYS be a white belt at something new?

I'm fully embracing this #WHITEBELT4LIFE mentality.

What are you going to become a white belt in this week?

Over the past year, we’ve seen a new wave of capital and enthusiasm flowing into the cryptocurrency space around DeFi (decentralized finance).

While some of these projects give me the cringe feeling I haven’t had since the ICO bubble of 2017, I think there are some exciting developments that offer massive opportunities in the near future.

Today I’m talking with Chris Blec, who has been diving head first into the DeFi space with the goal of helping people safely navigate the new exchanges, lending platforms, and other projects that have gained BILLIONS of dollars worth of captured value.

In this episode, you’ll learn:

• Why have decentralized exchanges attracted billions in trading volume this year?
• The best ways for a newbie to get started on DEX’s and lending platforms
• How can both new and experienced crypto investors survive DeFi?
• What are the most important things to research with new projects?
• Where are the biggest risks and dangers?
• And much more!

Productivity is one of those widely-known topics that has been written and talked about for decades. In this video, I'm going to show you a 5-minute productivity hack that will change your life!

If you've ever read books like Getting Things Done, Atomic Habits, or 7 Habits of Highly Effective People, you might have incorporated some kind of daily productivity routine into your life.

Done right, productivity tools and systems can be used to help us stay focused, fight procrastination, and ultimately achieve our goals…

But it seems like a lot of people get overwhelmed by trying to do too much or stick to a rigid, complex system that leaves little room for flexibility.

I'm a productivity nerd who's bought all the planners, journals, and software tools to try to get as much done as possible.

And I've been obsessed with things like getting the biggest ROI on my time, doing work that truly matters, and creating a daily routine that helps me achieve my goals.

Over the past few years, I've developed a daily productivity routine that helps me get my mind right, prioritize all the stuff I need to do, and most importantly, make sure I'm doing the tasks that get the highest ROI on my time.

This has literally changed my life and I think it could dramatically impact your life too.

We’ll first dive into the basics of “token economics”, then go deeper into looking at growth metrics, valuation models, market timing tools, and off-chain fundamental factors that impact the price and growth of bitcoin and other cryptocurrencies.

Part 1 – Token Economics

This first video is going to show you how to determine what bitcoin is worth to YOU to help you decide how much you want to invest in bitcoin.

You’ll learn about metrics related to its supply, value, on-chain activity, exchanges, mining, and more!

Part 2 – Growth Metrics To Watch

In part 2 of this video series about bitcoin fundamental analysis, we’re taking a look at the “growth metrics” you can use to see if bitcoin is currently growing or contracting.

Part 3 – Bitcoin Valuation Models

In video 3 we’re taking a look at the different valuation models we can use to find bitcoin’s value now and in the future.

So far we’ve covered the basics of bitcoin’s fundamental analysis and how to measure it’s growth…

And now it’s time to dig into the fun stuff that can really help you understand where bitcoin is today and where it could grow to in the future.

In the next video we’ll dive into market timing tools – my favorite topic!

Part 4 – Market Timing Tools

Do you want to know when the market is signaling that it's time to BUY and SELL?

Well in this video we're covering a dozen fundamental indicators that can help you gain confidence in market timing.

Part 5 – Off-Chain Factors

Now that you know all the on-chain fundamental metrics that impact bitcoin, it's time to learn all about the off-chain factors.

Willy Woo (aka @woonomic) is a crypto OG who has been pioneering on-chain bitcoin fundamental analysis. 

His charts and tools have been a must-have for serious bitcoin traders and investors. 

In this interview, Chris and Willy explore some of their favorite forms of fundamental analysis for cryptocurrencies and talk about the future of bitcoin. 

Since bitcoin is continuing to grow exponentially, this on-chain analysis episode is a must for anyone that wants to better understand how to time major pivot point’s in bitcoin’s price. 

Check out Willy’s newsletter: https://willywoo.substack.com/

Woonomics (charts and price models): http://charts.woobull.com/

Willy on Twitter: https://twitter.com/woonomic

It’s no secret that bitcoin’s been the best performing asset of the past decade. 

But WHEN you buy makes all the difference between profiting or losing your shirt!

So in today’s video, I’m going to show you what the data shows to be the BEST time to buy bitcoin. 

We’ll take a look at the 3 major times bitcoin has given us amazing buying opportunities, and some other points that were also great times to buy bitcoin. 

#buybitcoin

#bitcoin

#buycryptocurrency

I recently got a question asking how much cash I keep in my investment portfolio, so I figured I'd do a deep dive into my strategies around using cash to build wealth. 

Last year I published a video called “The 12 investments in my multi-million dollar portfolio”. Click here if you haven't seen it yet.

If you understand how my investing machine works, then dive into this video to see how I strategize the cash in my personal and investment portfolios. 

Here's what you're going to learn:

• 0:00 What is your cash reserve strategy? 
• 1:08 Why should you even keep cash at all?
• 1:35 My 3 capital buckets for cash
• 2:00 The 6 cash-like assets
• 2:47 Why fiat currency loses value
• 3:16 How to plan your personal cash strategy
• 5:00 The main goal of investment cash
• 5:47 My investment cash range
• 6:39 The 3 places I hold my cash
• 8:00 What % of your portfolio do you keep in cash?

And in this video, I want to talk about some of my most expensive mistakes that have literally cost me millions over the years so hopefully it can save you some money.

If you can avoid these beginner investing mistakes, over time wise decisions can add up to wealth that can give you real financial freedom. 

Here are the 7 investing mistakes that have cost me millions of dollars over the years:

1. Death by a thousand cuts 
2. Don’t be a piker
3. Don’t be a pig
4. Have faith in your thesis
5. Don’t be the last one at the party
6. Think before you play
7. Don’t flip flop

Links & Resources:

• Subscribe to ChrisDunnTV YouTube channel
• Join our Wealth Building Community
• Submit a question for the We Talk Money Show

In this video, I'm going to talk about the top 3 dangers of #earlyretirement that I've learned from my own experience. 

It doesn't matter if you're looking to #retireearly or achieve #financialindependence, these dangers of early retirement are something we should all consider before making big changes to our work.

Over the past few years, there has been a wave of people chasing the FIRE movement – Financial independence, retire early.

It's awesome more people are thinking about being financially free, but it's the retire early piece that can be a trap.

I've come to some realizations about why I think fully retiring from working altogether is actually a bad idea and could be quite dangerous.