I copied this passage into my notebook and flip back to it every so often.
In <a>"The Way to Financial Freedom"</a>, there is a lesson:
Van Tharp talks about expected value: win rate multiplied by profit, minus loss rate multiplied by loss. A lot of people still lose money even with a 70% win rate, because they make a little when they win, and lose a lot when they lose. Math doesn't lie.
Take today's $ETH as an example: now 2,456, 24h -2.43%. This kind of market pattern just confirms the point above. It's not some coincidence; it's human nature repeating itself in the market.
This sounds simple, but in practice you have to pay a lot of tuition to learn it.
For now, just watch and don't make a move.
#ETH #投资哲学 #交易心态 #Crypto
In <a>"The Way to Financial Freedom"</a>, there is a lesson:
Van Tharp talks about expected value: win rate multiplied by profit, minus loss rate multiplied by loss. A lot of people still lose money even with a 70% win rate, because they make a little when they win, and lose a lot when they lose. Math doesn't lie.
Take today's $ETH as an example: now 2,456, 24h -2.43%. This kind of market pattern just confirms the point above. It's not some coincidence; it's human nature repeating itself in the market.
This sounds simple, but in practice you have to pay a lot of tuition to learn it.
For now, just watch and don't make a move.
#ETH #投资哲学 #交易心态 #Crypto