Actually, most market conditions or trades are ineffective.
Most trading positions wear down your patience, passion, and principal. The moments in this market when you can really make big money may account for less than 10% of your trading time—and you also have to guard against the “black swan” scenarios that occur less than 1% of the time.
So the question becomes: how can you wait for the right market moment, and make sure you don’t get killed by a black swan?
I think that withdrawing large profits to “realize” them, and keeping loss-to-deposit ratios balanced—this is what allows me to stay in this market long enough. That’s the prerequisite for making money. At the same time, reducing losses from black swan scenarios is the foundation for not getting wiped out. $BTC
Most trading positions wear down your patience, passion, and principal. The moments in this market when you can really make big money may account for less than 10% of your trading time—and you also have to guard against the “black swan” scenarios that occur less than 1% of the time.
So the question becomes: how can you wait for the right market moment, and make sure you don’t get killed by a black swan?
I think that withdrawing large profits to “realize” them, and keeping loss-to-deposit ratios balanced—this is what allows me to stay in this market long enough. That’s the prerequisite for making money. At the same time, reducing losses from black swan scenarios is the foundation for not getting wiped out. $BTC