I'm going to be brutally honest here, and it'll most likely upset some people...but it's a message I've been sitting with for some time.
I want to talk about emotions, impatience, and lack of discipline.
Emotions control us. Over 70% of people in their day to day lives act based on emotion.
An example of this would be someone cutting you off in traffic, you yell, maybe curse, or blare your horn.
That is a very basic example of an emotional response.
Now when it comes to financial decisions––whether it be trading, investing, FOMO, panic selling, or even basic day to day activities––up to 95% of people act on emotion rather than logic/reason.
Now, when you come on X or any other social media platform, those emotions are amplified. You're flooded with thousands of posts, different people, different time horizons, and really no way to filter out the noise.
What makes it worse is that the algorithm feeds off of what you want to see. It amplifies those decisions, it makes you feel like you're right, like all of these random people all over the world agree with you.
Sounds great right?
Wrong. You could not be more wrong.
Having people agree with you on an idea, investment, or trade is awesome. It's validation that what you researched appears to be working or at least has other people intrigued.
Stay with me now.
The issue with this is that you become emotionally tied, whether it be conscious or subconscious, to the company, investment, idea, or whatever it may be.
This applies to not only stocks, investing, or trading, but also politics, fitness, ways of life, faith, mindsets, or anything else for that matter.
Social media just amplifies what you're already feeling
So why post any of this?
I'm posting this because it's a true story. This happened to me when I first started investing, and it still happens in my life. Every. Single. Day.
Which brings me to $IREN. This company, community, and sector in general is very emotional and impatient. That's not inherently a bad thing.
It's a good thing you care, we care, but it's not good when it comes to making financial decisions. I am guilty of this as I'm sure 99.9% of every single account out here also is.
Note: this does NOT just apply to IREN folks, it's everyone.
It takes time for companies to execute, to let your thesis play out, and really reap the rewards of compounding. I like to use the saying that I'm sure most of you know:
This is not a race, it's a marathon.
With recent sentiment on X reaching lows for IREN due to a multitude of reasons, I like to focus on how far they've come as a company.
https://t.co/geQtUo5bSw
IREN is in early innings and at a place that I like to refer to as the inflection point. This company, as we all know, has every piece they need to succeed. I am long and believe they'll achieve their goals, it isn't financial advice and I don't expect anyone to read it as such. I am simply telling you this so that you know I see the vision, and that I'll continue supporting this company as long as the thesis stays together.
This brings me to my closing statements:
I cannot help you control your emotions, impatient behaviors, or help you with discipline. You're the only person that can do that for yourself. Nobody makes you hit buy/sell, while there are things that influence it as I highlighted, you are solely responsible for your decisions.
I will continue posting every day as I enjoy sharing research, thoughts, and learning from others. Everything said in this post are things I believe whole heartedly, and it applies to everything in life.
Channel your emotions, focus on making balanced decisions that make sense for you, and always, always, always bet on yourself.
- Lando
