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 have never heard about that rule but this and the whole article makes a huge sense to me now. I have tried trading with a few bucks at first to make some risky but profitable decisions and build a confidence but I soon understood that trading isn't for me, I don't have hours of free time to dedicate to trading. Instead, I prefer to improve my current skill or develop them and overall, improve myself in many aspects. So, as for now, I keep some Bitcoins, some altcoins and wait for the right time to sell.
By the way, I think that majority of big traders feed on these newbies, who really end up losing 90% of their money within 90 days.
Even if it’s pass 90 days, if you’re not meant to be a trader, you will never land into profits but will only lose consistently until you finally absorbed that trading isn’t for you.