Why Is It Easier to Underestimate the Impact of Costs on Long-Term Returns When Trading More Frequently?

Many traders have an intuition:

The more trading opportunities there are, the more chances there are to make money.

But in the cryptocurrency market, frequent trading also means more fees, more slippage, and more opportunities for execution errors.

The real question is not how many trades you can make in a day, but:

Is the expected return from each additional trade enough to cover all the costs it incurs?

I. Why Can Small Per-Trade Costs Have a Large Long-Term Impact?

Suppose a trade

Crypto Market Plunges Across the Board: BTC Breaks Below a Key Level—What Exactly Happened?

Today, the cryptocurrency market saw another significant decline, with Bitcoin, Ethereum, and a range of major altcoins all under pressure. This is not just an issue with one coin; overall market risk appetite is shifting.

Three factors behind this decline are worth watching.

First, regulatory expectations have changed. After the U.S. midterm elections, the market began to worry that cryptocurrency regulations could become stricter in the future. Greater policy uncertainty can lead institutions and i

In BTC trading, how can you control your emotions? Don't let your emotions place orders for you!
In BTC trading, many people lose money not because they can't read the market at all, but because they can't control their emotions. When prices rise, they worry about missing out and can't resist chasing the rally; when prices fall, they fear their losses will grow and rush to exit; after a string of losses, they become eager to make the money back with their next trade. These behaviors may seem like spur-of-the-moment decisions, but they can gradually undermine an entire trading system.
So, how c

Women should be careful around men wearing black leather jackets, especially those who wear long-sleeved black leather jackets all year round, even in summer.
No matter how honest-looking they are, it's still no good.

$BTC Yaoyao | 11.09 Bitcoin Outlook
Entry: Short near 75100-75205
Support zone: 74400 - 74600
Upside levels: 75205, 75600
Pullback target: 74400 support zone; if it breaks, watch the previous low at 73333

Structurally, this is a rebound recovery after the previous sharp drop. Highs are gradually moving lower, indicating a weak rebound. The bulls lack strength to push higher, and the rebound is facing resistance. No reversal into a stronger structure has emerged; this is a pullback pattern after the rebound met resistance.

Resistance: 75205 is a strong short-term resistance level. Price has t

Jensen Huang has been exposed for cheating, and Nvidia’s board has launched an independent investigation into him — amid media claims that a woman close to him is suspected of working for Chinese intelligence.
Axios reported that Huang admitted in a draft employee email obtained by the outlet that he had been unfaithful to his wife. Nvidia’s board announced the formation of an independent committee, assisted by outside lawyers, to investigate the related intelligence concerns.
First, distinguish between two things: admitting to marital infidelity is not the same as admitting to leaking informa

CPI and PPI hit next week! BTC’s real opponent may not be AI, but the Fed!

Tech stocks have just weathered a major shock, and before the crypto market could catch its breath, the next test is already on its way: U.S. CPI and PPI data are about to be released.
The market’s real focus this time may not be how many more chips AI companies will buy, but when the Fed will be willing to loosen its grip on the market.
Why are inflation data so important? Because CPI reflects changes in consumer prices, while PPI reflects changes in producer prices, and both affect market expectations for future inte

After BTC Plunges, How Can You Tell a Normal Correction from a Trend Reversal?

Whenever Bitcoin sees a sharp drop, the easiest mistake for investors to make is to rush to conclusions about the market. Some believe it is a normal pullback in a bull market, while others think a bear market has begun. But the truly important question is: What signals should we use to distinguish between these two scenarios?

First, look at market structure. A normal correction typically does not completely break the previous upward structure. Prices may pull back, but key support areas may still hold. If prices

$UAI This -24.51% bearish candle is a textbook display of market-maker tactics. Let me simulate the market narrative: Dense sell walls appeared near 0.0890 early in the session. Retail traders saw “resistance” and were afraid to chase, but in reality, the market maker was creating the illusion of selling pressure by trading back and forth between its own accounts. Then it used a series of small, roughly 5,000U orders to push the price down. Each time it broke through a key level (0.07, 0.065), it ramped up volume to 5 million U in trading value to trigger panic. The 24-hour trading volume hit

This VC made 1,300x in a few years!
Five years ago, Israeli venture capital firm Cyberstarts invested in the seed round of a fledgling company called Cyera, when the entire company was valued at just $15 million.
Now Cyera has raised another $800 million at a $20 billion valuation, more than 1,300x higher.
Cyera works in data security. It helps companies find out where sensitive data is scattered across clouds and systems, who can access it, and then close those gaps.
Even more remarkably, Cyberstarts invested more money in this round itself.
It usually only invests at the earliest stages and

Tech bigwigs are coming out one after another to say:
Jensen Huang just made a mistake that men everywhere make; it shouldn’t be held against the company.
If Nvidia is done for, then we’re all done for 🤣🤣

Jensen Huang’s affair, Nvidia’s board immediately launches an independent investigation, national security risks compounded by a top-level scandal
Foxconn Industrial Internet, which is deeply tied to Nvidia, still turned sharply higher today
Given the A-share market’s usual behavior, this shouldn’t be happening. Could it be because it had fallen too far earlier

ETH's plan for today | Consider shorting near 2145; geopolitical tensions are escalating, so look to short the rebound first!

ETH fell to a low near 2050 early this morning and has now rebounded to around 2140. The short-term trend remains relatively weak.

On the news front, Trump said the US has three aircraft carriers deployed in the region, with the third having just arrived. The US-Iran military standoff remains a key market focus.

Rising geopolitical risks could weigh on market risk appetite. Given ETH's high-volume decline early this morning and the rebound's limited strength so far,

How can you control account drawdowns when trading BTC? Protecting your principal is what truly matters!
In BTC trading, many people spend every day studying how to increase profits, but rarely give serious thought to one question: How should you control drawdowns if your account suffers consecutive losses? In fact, whether you can sustain long-term trading often depends not only on your ability to make profits, but also on whether you can protect your principal when you incur losses.
So, how can you control account drawdowns effectively?
First, set a maximum acceptable drawdown. Before tradin

11.9 Gold Morning Outlook

Gold surged this morning, climbing rapidly from around 4025 to near 4130, with strong short-term momentum. After bearish nonfarm payrolls pressured it down to 4027 last Friday, it stabilized and rebounded, holding the key 4028–4030 support. The bearish expectations had already been priced in, and buying support remains solid.

On the 4-hour chart, lows are gradually rising, moving averages have shifted from flat to turning upward, and the MACD red histogram bars continue to expand, with the bullish structure gradually opening up. Gold has already moved above the 4100

November 9 · Monday · BTC/ETH Mi Shen Strategy

【Morning Wick Review】
Before the daily and weekly candles closed at 8 a.m. Beijing time this morning, BTC plunged about 2.8% in 15 minutes, hitting a low of 73,420 before quickly recovering above 75,300; ETH hit a low of 2,079.78, briefly falling even further than BTC. About $800 million in positions were liquidated market-wide over 4 hours, with longs accounting for more than 90%; ETH liquidations totaled about $360 million, exceeding BTC's roughly $230 million.

I look at this wick from four angles:

Position: Strategy's average cost (about 75,