事件合约倍投陷阱
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I'm really speechless. I just came to this platform and everything I buy goes against me. I'm about to withdraw because I'm really hurt!
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#事件合约倍投陷阱
Never do "doubling down". Believe me, no matter how high your returns, the final result will definitely be a total loss!!!
Making money is just part of the process; a total loss is the inevitable outcome. If your win rate is high enough, then use the "Kelly criterion" for betting, a strategy that maximizes the long-term growth rate of your capital in independent repeated bets with positive expected net returns.
Buffett once commented in a speech about Long-Term Capital Management (LTCM), which at the time was the largest hedge fund ever managed in history. Buffett said this company was a typical example of smart people doing foolish things. The reason LTCM went bust was that they increased their bets and leveraged their positions when deviations widened, market volatility increased, and losses escalated.
It's like someone betting with you: they put 1 bullet in a revolver with 1000 chambers, how much would you bet with them? You wouldn't bet anything!
Yet many gamblers are relentless, not realizing that whether it’s 1000 chambers or 10 million, as long as you play enough times, getting shot by yourself is a certainty, especially since many bets are determined by the house 🤪🤪🤪
Never do "doubling down". Believe me, no matter how high your returns, the final result will definitely be a total loss!!!
Making money is just part of the process; a total loss is the inevitable outcome. If your win rate is high enough, then use the "Kelly criterion" for betting, a strategy that maximizes the long-term growth rate of your capital in independent repeated bets with positive expected net returns.
Buffett once commented in a speech about Long-Term Capital Management (LTCM), which at the time was the largest hedge fund ever managed in history. Buffett said this company was a typical example of smart people doing foolish things. The reason LTCM went bust was that they increased their bets and leveraged their positions when deviations widened, market volatility increased, and losses escalated.
It's like someone betting with you: they put 1 bullet in a revolver with 1000 chambers, how much would you bet with them? You wouldn't bet anything!
Yet many gamblers are relentless, not realizing that whether it’s 1000 chambers or 10 million, as long as you play enough times, getting shot by yourself is a certainty, especially since many bets are determined by the house 🤪🤪🤪
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