Waving my hands a bit here (what type of random walk, etc.), say you somehow arrange it so that you have exactly 50% odds of hitting your stoploss before your profit take, 50% vice versa: You thus have a 50% chance of losing 1%, and a 50% chance of gaining 5%. It is EV+ gambling on 50/50 odds.
EV+ gambling is all trading is, but goodluck getting a 5:1 RRR consistently lmao, you will mostly find 2-3 RRR trades
It seems that I must have made a mistake here
Thats no mistake, but trading isnt just that simple, theres alot of nuance to it, especially market manipulation which will rekt you if your not careful
(and if I didnt, I had better get a margin accountwhich would mean defi, because I dont do KYC, and I dont know of any centralized exchanges that offer no-KYC margin accountssorry, Jay). What gives?
Can i interest you in some
bitcoin defi?The margin interest is going to be around 0.7% per year compared to binance's 10%, so its a better choice even if you dont give a shit about KYC or decentralization