After months of hard work, late nights and peer reviews-- it's finally here
The most complete (meme)coin guide ever made
100% free, you can find the link below
(中文版也已上线!)
Enjoy 🫶
Here's an exercise to understand how probabilities in trading work:
Take a coin.
Flip it 100 times.
Yeah, it's going to take a while, of course.
But it's better to do it manually.
You could also do it instantly online but the effect won't be that strong.
Now, we know the coin has 50% chance of landing heads and 50% chance of landing tails.
But, you'll see that after 10 flips, you won't have 5 heads and 5 tails most of the time.
It'll be something like 7 heads and 3 tails.
And the sequence won't be : H T H T H T H T H T
It will be something like this : H H H T H T T T T H
Does that mean that there is something wrong with the coin?
Fuck no!
The problem is that the sample size is too small.
What you need to do?
Keep flipping.
You'll see that after 100 flips, you'll most likely have ~47 heads and ~53 tails, which is very close to the expected results.
And that's because the sample size is now big enough and luck doesn't play such a big role anymore.
The sample size is big enough that it has statistical relevance.
What you need to understand:
◆ Individual 'flips' are random.
◆ Never focus on a small sample space of 'flips'.
◆ Keep 'flipping', even if the results don't look promising.
◆ The sequence of 'flips' is random.
◆ Don't change the coin because of the result of a small sample space of 'flips'.
◆ Only focus on large sample spaces of 'flips'.
And, of course, by 'flips', I mean trades, I hope you already figured that out.
Now..
Overcome your damn laziness and do the exercise.
BONUS : Read about the law of large numbers.
Stop cussing (Eph 4:29).
Stop drinking (Eph 5:18).
Stop giving into lust (1 Cor 6:18).
Stop tearing others down (Eph 4:29).
Stop living worldly (Rom 12:2).
Forgive fast (Matt 18:22).
Open your Bible (2 Tim 3:16).
Go to church (Heb 10:25).
Pray always (1 Thes 5:17).
Seek God first (Matt 6:33).
Change your life by changing your focus. 🫶🏽
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