There’s something I’ve remembered for a long time, and it came to mind again today.
Larry Hite’s 1% rule makes an important point:
Hite says he never risks more than 1% on a single trade. It sounds overly cautious, but that very 1% is what helped him survive every crash. Have you ever calculated what percentage of your capital your maximum loss on a single trade would be?
Let’s take today’s $RLC as an example: it’s now at 0.782400, up 13.52% in 24 hours. This kind of market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
Looking back, the places where people stumble are all spelled out in that sentence.
Make a note, and compare it later.
#RLC #投资哲学 #交易心态 #Crypto
Larry Hite’s 1% rule makes an important point:
Hite says he never risks more than 1% on a single trade. It sounds overly cautious, but that very 1% is what helped him survive every crash. Have you ever calculated what percentage of your capital your maximum loss on a single trade would be?
Let’s take today’s $RLC as an example: it’s now at 0.782400, up 13.52% in 24 hours. This kind of market action is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
Looking back, the places where people stumble are all spelled out in that sentence.
Make a note, and compare it later.
#RLC #投资哲学 #交易心态 #Crypto