Someone asked me what I think of reading charts, and this is what came to mind.
The book *The Kelly Formula: Its Lessons* makes a point: the optimal position size calculated by the Kelly formula is usually much smaller than what you’d dare to wager. And it comes with a condition: you need to know your win rate. Most people don’t even know their own win rate, yet they’re willing to trade with 5x leverage.
Take $NEAR today, for example: it’s now at 4.8700, down 3.39% over 24 hours. This market is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
The more I think about it, the more I feel that, in the end, trading isn’t about technical skills; it’s about mindset.
When it’s time to wait, you have to wait.
#NEAR #投资哲学 #交易心态 #Crypto
The book *The Kelly Formula: Its Lessons* makes a point: the optimal position size calculated by the Kelly formula is usually much smaller than what you’d dare to wager. And it comes with a condition: you need to know your win rate. Most people don’t even know their own win rate, yet they’re willing to trade with 5x leverage.
Take $NEAR today, for example: it’s now at 4.8700, down 3.39% over 24 hours. This market is a perfect illustration of the point above. It’s no coincidence—it’s human nature repeating itself in the markets.
The more I think about it, the more I feel that, in the end, trading isn’t about technical skills; it’s about mindset.
When it’s time to wait, you have to wait.
#NEAR #投资哲学 #交易心态 #Crypto