Someone asked me what I think about reading the market. What came to mind is this quote.
The lesson in the Kelly Criterion teaches a simple truth:
The optimal position size calculated by the Kelly Criterion is usually much smaller than what you’re willing to bet. And it has one prerequisite—you have to know your own win rate. Most people don’t even know what their win rate is, yet they still dare to open 5x leverage.
Take today’s $ETH as an example: now 2,274, 24h +17.45%. This kind of chart perfectly confirms the principle above. It’s not coincidence—it’s human nature repeating itself in the market.
The market won’t hold back just because you understand the logic.
Let’s talk again tomorrow.
#ETH #投资哲学 #交易心态 #crypto
The lesson in the Kelly Criterion teaches a simple truth:
The optimal position size calculated by the Kelly Criterion is usually much smaller than what you’re willing to bet. And it has one prerequisite—you have to know your own win rate. Most people don’t even know what their win rate is, yet they still dare to open 5x leverage.
Take today’s $ETH as an example: now 2,274, 24h +17.45%. This kind of chart perfectly confirms the principle above. It’s not coincidence—it’s human nature repeating itself in the market.
The market won’t hold back just because you understand the logic.
Let’s talk again tomorrow.
#ETH #投资哲学 #交易心态 #crypto