Some truths you only understand after you’ve lost money.
There’s a principle mentioned in the section about drawdowns: the maximum drawdown explains the quality of a strategy better than the annualized return. A strategy with 100% annualized return but a 70% drawdown in the middle—when you’re trading live, you simply can’t hold on to it. Paper profits and profits you can actually keep holding are two different things.
Take today’s $ARB as an example: right now it’s at 0.165100, with a 24h -14.98%. This kind of market action perfectly confirms the idea above. It’s not coincidence—it’s human nature repeating itself in the market.
Everyone has heard the principle; the hard part is whether you can actually do it when the moment comes.
For now, just watch and don’t trade.
#ARB #投资哲学 #交易心态 #crypto
There’s a principle mentioned in the section about drawdowns: the maximum drawdown explains the quality of a strategy better than the annualized return. A strategy with 100% annualized return but a 70% drawdown in the middle—when you’re trading live, you simply can’t hold on to it. Paper profits and profits you can actually keep holding are two different things.
Take today’s $ARB as an example: right now it’s at 0.165100, with a 24h -14.98%. This kind of market action perfectly confirms the idea above. It’s not coincidence—it’s human nature repeating itself in the market.
Everyone has heard the principle; the hard part is whether you can actually do it when the moment comes.
For now, just watch and don’t trade.
#ARB #投资哲学 #交易心态 #crypto