Cryptocurrency Trivia

Cost Averaging: Don't be fooled by appearances. For example, if you buy $10,000 when the price is $10 and add another $10,000 when the price is $5, the average cost is $6.67, not $7.5. Understanding this is crucial for position management.

Compound Interest Effect: With a principal of $100,000, earning 1% daily over 250 trading days in a year can grow your assets to $1,323,200. If sustained for two years, your assets could reach tens of millions. The challenge lies in maintaining compounding.

Probability and Take Profit/Stop Loss: With a 60% success rate and a 10% take profit/stop loss each time, after 100 trades, the total return could reach 300%. The key is to strictly execute the trading plan and remain calm.

Controlling Greed: Starting with $10,000, theoretically, earning 10% each time could lead to $1,000,000 in 49 days, over $10,000,000 in 73 days, and over $100,000,000 in 97 days. However, in reality, very few achieve this due to greed leading to failure.

Contract Trading and Position Management: The above techniques are particularly important in contract trading and position management, and should be flexibly applied based on actual circumstances. $BTC $ETH #币安Alpha项目公布 #USUAL现货上线币安 #加密市场盘整 #PENGU开盘 #币安Alpha