Why is the 90/90/90 rule considered a key principle for successful cryptocurrency trading?

3 answers

• powerappsJRMay 02, 2023 · 2 years ago
  The 90/90/90 rule in cryptocurrency trading refers to the idea that 90% of traders lose 90% of their capital within 90 days. This rule highlights the high-risk nature of cryptocurrency trading and emphasizes the importance of risk management and strategy. By understanding and following this rule, traders can be more cautious and avoid making impulsive decisions that can lead to significant losses. It serves as a reminder to approach cryptocurrency trading with a disciplined mindset and to always consider the potential risks involved.
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• K KellyAug 01, 2021 · 4 years ago
  The 90/90/90 rule is a sobering reality in the world of cryptocurrency trading. It suggests that the majority of traders end up losing a significant portion of their investment within a short period of time. This rule underscores the need for proper education, research, and planning before entering the cryptocurrency market. Successful traders understand the importance of risk management, setting realistic expectations, and developing a solid trading strategy. By adhering to the 90/90/90 rule, traders can increase their chances of long-term success in this volatile market.
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• Duncan MorrisonAug 21, 2023 · 2 years ago
  The 90/90/90 rule is considered a key principle for successful cryptocurrency trading because it highlights the risks and challenges that traders face in this market. It serves as a reminder to be cautious and to approach trading with a well-thought-out plan. At BYDFi, we believe that understanding and respecting this rule is crucial for traders to protect their capital and minimize losses. By following proper risk management techniques, conducting thorough research, and staying informed about market trends, traders can increase their chances of success in the cryptocurrency market.
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