You'll hear a lot of poetic waxed about the wonders of compounding gains. The flipside, compounding losses, is a far more potent phenomenon. It's death by a thousand cuts, and by the time you become cognizant of the cuts you've already sustained a catastrophic drawdown. https://twitter.com/SalsaTekila/status/1348354220412559360 …
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It's been one of my greatest pitfalls and something that still creeps up from time to time One can set daily limits for drawdown, lost trades, etc. but they're temporary solutions to a more permanent problem imo. You still need to cultivate the discipline to enforce those rules.
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Anyway, not to ruin your Sunday. Keep drinking everyones milkshake.
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What are you suggesting don Hsaka
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I spent 3 years doing this
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I feel attacked
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Being a short term trader. I can attest to this... Risk/Reward and probability is absolutely essential. Took a long time before I got that under control.
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