Trial and Error: Accumulating Experience in Failure to Embrace Opportunities
Trading is a long-term game, and successful traders do not profit every time; often, their win rates are quite low. In fact, many excellent trading systems typically have win rates between 30% and 40%. This means that out of every 10 trades, there may be 6 to 7 losses.
However, as Taleb emphasizes, successful trading does not rely on succeeding every time, but rather on continuously accumulating experience through repeated trial and error. Each failure can help you understand the market more clearly and comprehend how your trading system operates amidst uncertainty.
Through extensive repetition, you will discover that true profitability does not depend on perfect predictions, but on making appropriate decisions at the right moments.
Therefore, successful traders are often those who can patiently wait, are willing to experience failures, and learn from them, rather than those who attempt to get rich quickly overnight.
As a seasoned cryptocurrency investor, I freely share my experiences and insights. Interested in the crypto world but not sure where to start? Follow me, and let me guide you to achieve freedom in this bull market.