Top trader Eugene: Investing in high volatility new technologies requires balancing risk and return

BlockBeats news, on October 22, top trader Eugene Ng Ah Sio stated on social media, “Investors often make mistakes when investing in highly fluctuating and ever-changing new technologies. This is part of seeking extraordinary returns. Just make sure that when you find the right investment opportunity, don’t give up too early. If your success rate in new projects is 10%, then sticking with it is worthwhile in the event that 9 other projects drop to zero, as long as your winners can bring you returns of more than 10 times. However, if you sell your winners too early, this mathematical model will collapse. If you sell at 5 times the return, suddenly your entire operation becomes negative expected value.” Earlier, Eugene stated that he had bought AI meme coin GOAT and mentioned that GOAT and GNO would be key positions for future long-term trends.