My top 10 mistakes in my trading career. What to avoid to make sure you don’t make the same mistakes as I did: 1. Inverse/leveraged ETF’s have DECAY. The longer you hold, the longer you get punished. 2. Do not MARKET buy low volume stocks. Only limit orders. The spread will make you lose -3% right from the start if you market buy. 3. Investing in semi’s, electrical equipment, hardware, memory, is NOT diversified. It’s one single leveraged bet on one theme. Don’t fool yourself. They will all move the same. 4. If you have FOMO, do NOT go all-in. Start small. 1/5 position size. Then add more once you realize you were acting like an idiot. 5. BUY when others get stopped-out. Look at obvious stop-loss areas. Buy there instead. 6. Don’t do anything drastic or crazy. Always do it small first. Markets are topping? Don’t sell, just trim. Markets bottoming? Don’t go all-in, build slowly. Markets can keep going up or down for a VERY long time. 7. Stocks grind up slowly. Stocks fall fast. Don’t let your emotions make you stupid. 8. TRIM when everyone is happy. And buy more defensive stocks. 9. BUY when everyone is sad. And buy more high growth tech stocks. 10. Individual stocks do NOT matter. It’s the entire portfolio working as a system that matters. Which ones are the superstars? Which ones are the role players? Which one is the rookie? Build your system and team around your strengths.

As our portfolio reaches all-time highs, we need to be careful here. A lot of screenshots of people making gains, a lot of happiness. This is when I start tilting my portfolio slowly towards the other direction. 1. When people are happy, add to your defensive stocks. 2. When people are sad, add to your high growth AI stocks. I’m still cautious bull forever.

Space stocks are now at fairly-priced areas. Not too expensive, not too cheap. Can start building positions slowly for the future if you like this sector. I do have $SPCX in our portfolio right now, still holding since last month and plan to keep for a long-time. $RKLB, $PL, $LUNR, $ASTS

If you have a Taiwanese CEO, you're going to be a millionaire. 1. $NVDA (NVIDIA) - led by co-founder and CEO Jensen Huang (born in Taipei). 2. $AMD (Advanced Micro Devices) - led by CEO and Chair Dr. Lisa Su (born in Tainan). 3. $SMCI (SuperMicro Computer) - led by co-founder, CEO, and Chair Charles Liang (born in Chiayi). 4. $GRMN (Garmin) - co-founded by Executive Chairman Dr. Min Kao (born in Jhushan). 5. $DIOD (Diodes) - long led by Dr. Keh-Shew Lu, with current CEO Gary Yu continuing its Taiwanese leadership heritage. 6. $AAOI (Applied Optoelectronics) - led by founder and CEO Dr. Chih-Hsiang (Thompson) Lin. 7. $TSM (Taiwan Semiconductor Manufacturing) - founded by Morris Chang and currently led by CEO Dr. C.C. Wei. 8. $ASX (ASE Technology) - world's largest chip packaging firm, founded by brothers Jason and Richard Chang. I hope they make a Taiwanese CEO ETF one day.

2025–2026, imo, is the period that showed the clearest value of tokens backed by real revenue and real value capture. Thousands of projects disappeared when attention and liquidity moved elsewhere. But protocols with real products, real users and real revenue are still here. And more importantly, some of them are finding ways to return that revenue to the token. Look at the current numbers: – @HyperliquidX $HYPE: ~$60M holder revenue in 30D, with most trading fees flowing into HYPE buybacks – @CantonNetwork $CC: ~$49M in 30D, with network fees used to burn CC – @trondao $TRX: ~$24M in 30D, with network fees continuously burning TRX – @Pumpfun $PUMP: ~$24M returned to holders in 30D through token buybacks – @uniswap $UNI: ~$16M in 30D, with protocol fees now flowing into UNI buyback/burn – @ponsdotfamily $PONS: ~$15M in 30D, with a large part of revenue used for buyback and burn – @aeroxyz $AERO: ~$14M in 30D, with trading fees distributed to veAERO voters – @LaunchOnSF $STONK: ~$10M in holder revenue, mainly through market buybacks – @PancakeSwap $CAKE: ~$5M in 30D, with revenue from multiple products used to buy back and burn CAKE – @Aster_DEX aster-2:native: ~$4.6M in 30D, with most platform fees currently used to buy back ASTER For me, the more interesting model is: Real users → real fees → real revenue → real token capture. I think this will become one of the metrics worth watching much more closely in the next phase of the market. NFA.

USDT Yield Leads, USDC Round-Trips A Billion $USDT's yield warning hit 4.81% APY on four of seven sessions with TVL leaving $183.29B. USDC redeemed over $1B twice yet ended down only $76.01M. Blacklists fell to 129 events from 656. PSI held BEDROCK. See the map.

Treasuries Shed Supply, Then Grade (#209#) $BUIDL is down $421.81M in seven days to $2.31B, 37% below its July peak, while USTB slid from B (71) to C (58) on $526.73M. Total stablecoin supply barely moved at $318.94B. See the map.

World Running Short of Supertankers Threatens Long-Haul Oil Flow The soaring cost of moving oil around the world is making some long-distance crude trades uneconomical, threatening to disrupt flows at a time when fuel markets have never been tighter. The jump is being driven by a shortage of available supertankers. In some parts of the world, there are barely any of the ships — each the length of three football fields — left for hire. The squeeze is making faraway barrels less attractive and encouraging refiners to snap up supplies closer to home if they can find them. But for oil traders, the risk is that shipping becoming prohibitively expensive. They’re concerned that the higher costs make it unprofitable for some refiners to turn crude into fuels, deterring them from buying cargoes that have to sail over long distances, even when demand to make diesel and gasoline is strong. On the industry’s main benchmark route, very large crude carriers hauling 2 million barrels of crude from the Persian Gulf to China are earning upward of $1.2 million a day. Similar pressures are now spreading across the freight market globally. (Bloomberg)

My dear followers. Tomorrow is the time for my quarterly rebalance for my portfolio. I will be adding two NEW names in the Core portfolio - one healthcare, and one industrials. For the 10X portfolio, I will full exit $PANW tomorrow and replace it with a hardware name that got big enough to earn its slot on my books. Also micro-adjusting some weight adjustments on my holdings to make sure it's aligned perfectly. The tech side outran the defensive side last quarter so I'm bringing the two halves back into line, trimming what ran and adding to what lagged. It's time to have a great end-of-year.