Good Morning
Good Evening
Good Afternoon
Happy Christmas, happy holidays, and by the time this market update goes out for some people around the world… Happy NY!
Today I will not be reviewing any charts and more over giving this as somewhat of an analysis of my thoughts for the year passed and also the year ahead.
2023 and likely 2024 as well is and will continue to be the year of personal branding. If you do not derive a percentage of or majority of your income from an online source, you are going backward. We are exploding further into the digital world and this includes the digital economy. Having an online presence even if only a small one is your ticket to staying ahead of the curve. Every single time you open your mouth, in a face-to-face discussion, on a podcast, to your coworkers, or on your social media pages you are representing your personal brand, regardless of whether you are consciously aware of it or not. So, how are you representing your brand?
Every single human being on this planet has value to give in a certain area! The problem is most people never care to find out what that is.
Where is it?
What is it?
How can you monetize it?
Maybe it is playing the piano, perhaps it is teaching non-English speaking children how to speak English, or perhaps it is high-performance coaching. The “what” will vary from person to person, but if you never look I can promise you that you will never find it.
I had an interesting conversation the other day with someone about monetizing your passion and combining your career with your vocation. He said to me he would love to be able to do something like that, and not just have his job as a means to an end and to pay the bills. This is accessible to a lot more people than you probably care to imagine. I have combined my career and vocation for nearly 3 years now, and it was one of the best decisions I have ever made.
Furthering on from the online business rant, people are consuming more and more information from the internet than traditional sources than ever before. People are self-educating themselves using Google, YouTube, chat GPT. Kids are now using TikTok for search engine capability more than they use Google. People are now spending 10’s of thousands of dollars on online education, courses, masterminds, and mentorships. You can self-educate yourself on the Internet more easily than ever before, and as the reliance on traditional forms of education continues to dwindle, this new trend of education will expand further into 2024 and the future.
Some more thoughts:
Health, longevity, anti-aging, and biohacking…
These are not just 2023 buzzwords. Look at the trends, the trend is your friend. Those 4 little fuckers will be massive in 2024. Anti-aging research, telomere erosion/repair, genetic and blood testing etc, are all fairly new to the mainstream attention at the moment. Health and longevity trends will continue into next year and beyond. While we are on the topic, if anyone reading this cares about their health and wellbeing I would recommend you look to do the same…
Make sure you are looking after your body next year, be mindful of what you are consuming in your diet, and eliminate all the shit that makes you feel sluggish and not your best. You want to be operating like a military operation and performing like a Navy Seal. If the past 3 years haven’t shown you that the powers-at-be do not care about your health then I am probably talking to the wrong person. Shitty foods, too much alcohol, not enough sleep, not enough exercise, spending too much time rugged up and comfortable. Life is supposed to be a balance and you need to enjoy yourself… But make sure you fill your own cup up first and that includes your physical health at the top of the list.
Keep a good morning routine! IDGAF whether you wake up at 4 AM or 8 AM, and if you follow me on socials then my morning routine isn’t a one-size-fits-all, that’s just what works for me. You don’t have to use the sauna and get into the cold plunge to do well… Fill the start of your day with inspiring, high-priority, neurostimulating activities and I can promise you will thrive next year.
Protect your energy!
One of my key mantras over the next 12 months. Protect your fucking energy. Be mindful of who gets your time, your focus, and your attention. Who do you spend time with, and how do they influence your life? Who do you give time to, what is the net result of spending time with this person? What are you consuming? What do you listen to on a regular basis? Is this inspiring and uplifting or is this some low-vibrational mind-numbing shit? Who are you allowing to take energy from you? Is this a one-sided equation and do they reciprocate what they take from you? Are you spending an inordinate amount of time discussing low-priority bullshit? Gossiping, bitching about people behind their backs… If 2024 is a big year for you, then you will likely start to shine your light a little brighter. When a light shines brighter, more moths are attracted to the globe… 💡
There are 168 hours in the week, and you are probably asleep for at least 40 of them, leaving you around 128 hours a week. Use them wisely. Protect your energy.
Some market thoughts:
If you have read this far in true market update fashion I will include some extra sauce because not everyone reads this update in its entirety, and those who do shall be rewarded.
2024 is going to be a massive year for the financial markets. The US is more than likely going to print at some stage next year in the lead-up to the elections, risk markets are going to see an increase in liquidity and the conditions are set for a profitable year if you have your finger on the pulse. Never in recorded history have the global markets performed badly in the lead-up to an election, this year is no different.
The BTC ETF approval will more than likely be a sell-the-news event. Approval is likely going to come in the next couple of weeks and I believe we will track sideways or potentially retrace after the approval. If we track sideways for Q1 I expect the remainder of the year to showcase some bullish conditions and if you have not done so already this is your chance to fill your bags.
Solana and as an extension of that its ecosystem will outperform ETH during the next market cycle. Solana is up 1000% this calendar year and as we onboard millions of new users into Web 3.0 the costs of using ETH will price market participants out of the game and they will look for the next best and the cheaper alternative… Solana!
The gaming landscape within Web 3.0 is also going to explode next year. We have a clear narrative here that is starting to gain traction. Lots of new games are due to release next year and with the new attention on crypto the gaming sector stands well positioned to easily onboard 10’s of millions of new users into Web 3.0.
Final thoughts:
This is somewhat related to the previous section about the financial markets. Something I have done with a personal client recently with regard to their trading and developing a plan. Everyone has these lofty ideas in their mind that never really come to fruition and when it comes to trading the markets, people are no different. We are about to have another opportunity to create some generational wealth over the next couple of years, and I truly believe that the gap between the lower and upper classes continues to get bigger and bigger, making the next couple of years potentially one of the last chances everyday people are going to get to stay ahead of the curve. It’s time to get your finger out and get positioned and prepared to make some moves and protect yourself and your family from getting left behind.
You need a plan! Whether you are a buy-and-hold kinda guy, a swing trader who likes dipping their toes in, or someone who wants to spend all day scanning 17 different timeframes, you need a plan! That plan needs to be run and executed like a military-style operation. If X scenario occurs, then I will do Y. When I am doing Y and A speed bump occurs, I will implement plan B, and that looks like “Insert plan B”. Trading is probably one of the hardest things to do and has almost nothing to do with your ability to read a chart and understand price action. It is about your ability to move past your blockages, your limiting beliefs, and the self-sabotaging behaviors that you are likely conditioned with from childhood. Trading should be 90% mechanical, and 10% discretional, removing your emotional bias from the equation and not allowing the sub-conscious mind to get in the way.
Build a plan for the next year or two.
Make that plan as easy to follow as humanly possible.
Don’t fuck with the plan.
Make sure you are locking in profits along the way.
Derive some income from an online source.
Reduce your exposure to mind-numbing shit.
Look after your health and well-being.
Craft a morning routine that inspires you.
Improve your circle of influence.
Push yourself outside your comfort zone daily.
Feed your body/mind and spirit with high vibrational activities.
Protect your energy.
Dream fucking big.
Execute.
With that being said, have a wonderful week ahead, and good luck for 2024.
I wish you all the best of success for the year ahead. Let’s fucking get it!
Mr.LFG 💙