So, a lot of my friends have been complaining that there are a lot of scams on crypto. So I have decided to start a series of posts to educate you guys using my personal experiences about different kind of crypto scams.
Today we will talk about the 99% win rate status.
You will see a lot of people claiming that I have a 99% win rate, I have a 95% win rate. Bullshit.
Claims of high win rates (like 99%) in finance are deceptive. Unlike in games or races, simply winning more often doesn't guarantee better financial outcomes. A strategy with a low win rate can still be more profitable than one with a high win rate.
For example, imagine two trading scenarios:
Scenario 1: You win only 1% of your trades, but each win yields a 100% profit, while each loss only costs you 1%.
Scenario 2: You win 99% of your trades, but each win only gives you a 1% profit, while each loss costs you 100%.
In Scenario 1, even though you rarely win, your large gains offset your small losses, leading to an overall profit. In Scenario 2, despite winning almost every time, your small gains are wiped out by the occasional large loss, resulting in an overall loss.
This highlights the problem with focusing solely on "wins" in finance. The term "win" itself is often poorly defined. Does it mean a profit of 90%, 23%, or even just 0.000001%? Without a clear definition of what constitutes a "win" and without considering the size of wins and losses, win rates are meaningless and misleading.
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