What does it mean to hoard coins? Buying any coins is just a matter of luck. If you think you can win the lottery, then go ahead.
To speak scientifically, take contracts as an example: going long or short has just two directions. You could either call an old lady or flip a coin, going on infinitely, and you would have a 50% win rate. There's really nothing to refute there. If you are willing to study hard and spend six months digesting most trading books to build your own trading system, can you increase your win rate by just 1%? Just 1%, no need for more. Then you now have a 51% win rate. Every time, strictly setting stop-loss and take-profit, the ratio needs to be more than 1:1.5. This means for every trade, if you lose 1, but if you win, you gain 1.5. In the long run, not counting transaction fees, you only need a 40% win rate to break even. If you have a 50% win rate, after 100 trades, you can achieve a 50% profit, even if your win-loss ratio is 1:1. With a 50% win rate, you won't lose or gain. Taking 5-minute short trades as an example, there are many opportunities in a day. Let's assume you make 5 trades a day, 50 trades in 10 days, and 100 trades in 20 days. With a 1:1.5 win-loss ratio, after 20 days, you can achieve a 50% return, assuming you have 1000. So, mechanically counting, after 240 days, you can exceed 1 million. If your win-loss ratio is only 1:1, and your win rate is only 51%, then after 3 years, your 1000 can turn into 1 million. Of course, those who know how to trade will definitely not do trades with a win-loss ratio of 1:1. In the case of contract trades, with a win-loss ratio of 1:1.5 and a 50% win rate, with 10x leverage, the risk of liquidation is 0.8%. But if you add the extra 1% win rate you gain from hard study, there will be no liquidation risk, provided you strictly adhere to stop-loss and take-profit for each trade.
So, study hard, just like preparing for the college entrance examination, and then do it in a scientific and mechanical manner. Don’t let others' words influence you; in any endeavor, persistence will lead to success, and it's the same in the crypto space.
In the end, you will realize that the hardest part is not the technology, not whether to go long or short, not how much capital you have—1 million is not a luxury. It's about how to overcome your own human nature. When you have 1000 or 10000, can you maintain your mindset? What about 50000, or 100000? Even a second's fluctuation can make you panic. If you can stay calm and collected in the face of massive financial fluctuations, then congratulations, you are not far from success; a target of 1 million is too small.
These days, I am preparing for the upcoming divine orders!!!
It's still very easy to double your investment.
At the same time, I am also looking to find some potential coins to hold until the end of the year.
Comment 888 to get in!!!
#NFT市场回暖 #ETH持续飙升 #ADA、ENA大额解锁 #XRP市值重回第三 #XRP解锁新趋势
Intra-day focus: doge act the pepe pnut xrp neiro ordi
