The rule of 90 or 90% rule is a gloomy statistics that was suppose to serve as a reminder or caution newbies traders. The rule states that "90% of traders lose 90% of their funds in their first 90 days of trading."
Do you believe that? I hope this caution new traders that are opportune to read it.
Useful piece:
https://trendspider.com/learning-center/the-rule-of-90/I've never seen or read about this rule before but I'm sure that this rule is wrong. More than 90% of traders lose more than 90% of their funds in less than 90 days. Jokes aside, this is a very interesting rule that's based on real-life statistics. That rule is true and I can confirm that from my experience. I've gained lots of money by holding coins. Once I started trading, I gained huge profits but it was mostly because the market was in the bull run but soon a bad accident happened and I lost up to 50% of my money in a few months. It didn't happen in 90 days in my case but it happened in the 6 months time and I learnt a lot from my mistakes. Since then, I decided to focus on holding instead of trading every day. Now I trade once a year or two years and I feel more peaceful and I'm more profitable.