Why I don't trade every coin on Binance (even though my system "works" on many of them) 🤔
I ran the same strategy on two baskets over 5 years:
• my 34 coins
• 34 other coins, picked only by how long they've been listed
The other 34 still made money every single year. Nice. But the drawdown was deeper and the worst year was much weaker (+6% vs +18%).
So the edge is real beyond my list. But the coin choice decides how much it hurts on the way.
Big, liquid, moves with the market = smoother ride. Wild solo coins = same idea, more pain.
#crypto #trading #altcoins
I ran the same strategy on two baskets over 5 years:
• my 34 coins
• 34 other coins, picked only by how long they've been listed
The other 34 still made money every single year. Nice. But the drawdown was deeper and the worst year was much weaker (+6% vs +18%).
So the edge is real beyond my list. But the coin choice decides how much it hurts on the way.
Big, liquid, moves with the market = smoother ride. Wild solo coins = same idea, more pain.
#crypto #trading #altcoins