I heard this concept before in coaching I purchased, it did not sink in. I don't know why but the way you described it, I started to screencap all my trades and categories them in these 4 categories, it helped to break through a selling I before have not been able to break through. Thank you for this!!!!
Boom and bust is not merely psychological. There is math involved as well. When account size is small, bets are small and takes a good run to make it big. When the account size is big, traders increase the size of bets and risk. So, the losses get bigger and account drops...then it takes a long time to build it up again coz can only bet small coz account size is small. Happens easily to retail traders and in futures
I heard this concept before in coaching I purchased, it did not sink in. I don't know why but the way you described it, I started to screencap all my trades and categories them in these 4 categories, it helped to break through a selling I before have not been able to break through. Thank you for this!!!!
27 :00 learn to seperate process from outcome
this is a hidden gem
Most of the traders focus more on indicators than in this tipe of realygood videos! Thanks
Amazing video!
Boom and bust is not merely psychological. There is math involved as well. When account size is small, bets are small and takes a good run to make it big. When the account size is big, traders increase the size of bets and risk. So, the losses get bigger and account drops...then it takes a long time to build it up again coz can only bet small coz account size is small. Happens easily to retail traders and in futures
Excellent
👍🤗🙏