Always go long, always with tears in your eyes?

In trading, downside is limited, upside is unlimited.

So from this perspective, going long always has an infinite risk-reward ratio, and the risk-reward ratio of going long is always greater than that of going short.

However, most people overlook a crucial prerequisite, which is the time cost.

Any trading that discusses returns and risk-reward ratios without considering time cost is almost equivalent to playing tricks. After all, the time cost of our trading career is limited; we cannot live forever.

Taking the crypto circle as an example, if we look at the highest and lowest points within any cycle, we will reach a clear conclusion: bear markets are short, bull markets are long. A bear market can bring about significant retracements within a relatively short time frame, comparable to the main upward wave of a bull market, but without the higher time cost that a bull market entails.

This means that compared to a bull market, shorting during a bear market allows us to gain substantial returns with the lowest time cost. From the perspective of time cost, this undoubtedly offers an extremely high risk-reward ratio.

Of course, the above does not promote "short selling" in the market.

After all, if we reverse the logic, the time cost of a bull market must be greater than that of a bear market, which also means that the higher the time cost, the higher the tolerance for errors, and the greater the chance of reaching higher price ceilings. This leaves us more time for decision-making and error correction, greatly increasing our win rate.

Any conclusion about something must have prerequisites, just like in this cycle of a bull market, you hold all shanzhai coins and persist until now, and then you still want to talk to me about the risk-reward ratio? Always go long, always with tears in your eyes?