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First will follow an example where you should not do things I love all kids from my own experience how

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I lost $15000 in a day.

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Market started this crossing is started going down.

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I just saw you in the moments the chart how it solved the crusting I thought.

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Now the bubble is popped.

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I sell now and I you've got buy back when it's even lower.

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It was going down.

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No no no no.

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I thought OK I will buy here when it goes even lower.

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I will buy.

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I do know what happened immediately when I saw the market start going up.

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So it went down.

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I sold here then it went up and I was back again somewhere here.

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I bought back my coins and lost $15000 because I sold them before.

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Lesson Don't sell new gold coins never go up again.

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If they have really long term value.

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So this really depends on how well you do your research before.

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If you have done your research this is a good one.

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This is a good investment.

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Then you don't need to worry about the crisis then you can just buy more.

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I would show you an example.

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So bitcoin in the end of 2017 it was here it went even or $20000 per one coin.

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Then it started going down down down down down down down down down until 13.

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Twelve thousand dollars towards it.

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Wow.

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People started talking it will go to less than $10000.

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Sell sell sell buy again when it's $9000 or something like this I thought OK I will buy sell something

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now and buy back when it's less than $10000.

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But do you know what happened.

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It went back again and it went back to 16 to 17 thousand dollars.

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So then I bought at some point and I lost some money because I was selling in the low.

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And this is what I explain what happened.

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I didn't buy high.

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I bought something in 2015.

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Then again something more to those 17.

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But anyway I'm at big money even though I sold here.

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But I would have made more if I would have to hold.

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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

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sell it and do what you should do.

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The other thing what I'm doing from now on always billionaire said Klarman who is a very and highly

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successful investor says the single greatest eds an investor can have is a long term orientation.

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So this is what a billionaire says the greatest is an investor can have is a long term orientation.

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I want to underline long term orientation not say selling for little profit or selling for bigger profit

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or not selling at all.

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So let's say that you bought corn for a long term.

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But what if market crusties.

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It's always easier when it's going up.

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You just hold it you're making profits you're making money.

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But what if the market crashes.

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If it goes down like in my example with Bitcoin let's say it's just one example.

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If you're told it's a good investment for $1 you know it's even better anyways.

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Pen for 50 cents.

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Because when the price is lower you remember the picture when the price is lower the potential is greater

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when the price is higher.

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The risk is bigger.

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So if the market crashes you buy more because cross-sell opportunity.

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If you think that this is a gold coin for $1 you know it's even better it's it's sale.

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Can you imagine when you go to Wal-Mart and something is that a minus 50 percent discount.

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We think it's wonderful sale.

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It's cheap and it's the same for investing.

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If something is cheaper it's better if there is more opportunities.

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You imagine and it of course requires that to make your research well at the beginning.

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You have made deals and research that it really is a good long term investment when ethanol price starts

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dropping from its peak.

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It's an opportunity to do buy more for a cheaper price because a term has long term value but didn't

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connect when the price started dropping.

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It just means the suspicious system Crassus.

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So you need to know the difference between a good long term investment and a bad long term investment.

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Interim had lots of long term value because they didn't have everybody.

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So this is a Ponzi scheme.

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This is a scam and then it's in trust.

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But if you didn't do your research there were millions of people who put money into Bitcoin because

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they didn't do their research in the next section.

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I'll show you how I use this reality.

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In other cases and how some people have made even millions of dollars using this Runcie I'll also show

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you where am very highly practical examples.

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So what's the next lesson.

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Very very carefully.