Understand The CryptoCurrency/Stock Game - Know Your Probabilities And Get Rich

in #bitcoin6 years ago (edited)

Hi guys,
Today I want to share you a very important lesson in trading and investment.
A lesson learned by making and losing tons of money.
So read carefully :)

So it will be more clear, lets take two examples here

Point A
Market is up hard and then start to correct
Point B
Market starts climbing up after correction
Point C
Market starts correction
Point D
Market start climbing after major crash
Point E
Market picks up

Here are the actions I would do and why:

Point A
I earned big after the raise, so time to sell.
Why? because the probability is 10% for further gain, and 90% for lose.

Point B
I will buy in, chances are 50%/50% win/lose and I believe in the market
Point C
If i joined before C, sell it all, after major up there is major correction.
If you stay at C, your chances are 90% to lose all, 10% to win a bit more.
Point D
Generally in major crash there are fear sell, good buy!
Probabilities are 80% for gain 20% for a bit more loss.
Point E
Never be greedy, after such an up, always comes correction, probabilities are better if you sell.

So what is the moral?
The markets, especially crypto, it is kind of gamble, game of brains.
There is no one that can promise you to win.
But if you know your probabilities, you can chose your games wisely and earn big.
For example in current market situation, lets look at eos

if you bought at 5$, man, if you greedy now, you endangering 100% of your profit, for 10% gains, cause 90% the market will correct itself.
So play wisely, know your probabilities, know when to secure your profit!

If you enjoyed reading it, and you would like to get more of this content, make sure you follow me :)



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