This is a great article. So true. Math can practically keep you from blowing up an account. But human nature will blow up an account. It is hard when you are losing but don’t let ego replace the math. The ego will lie, cheat, steal and delude you into abandoning the rules. Don’t let it and you will certainly stay in the game.
Very well said. One thing is the math, and another thing is real life: when you see that 30%–40% drawdown, you start forgetting the rules and you start acting like “a human” :) . It’s in our nature. we are flawed .. That’s why we need to minimize these risks as much as possible.
Thank you so much, Maria, for this message. As of this year, I’ve become a full-time trader, and it’s my ambition to deliver the highest-quality information. I have more time now, so there’s no excuse not to do it.
Very helpful, thanks
Glad it helped JP!
Can’t begin to tell you how eye opening & valuable your portfolio risk management strategies have been to me! Truly a game changer!
This makes me so happy, my friend. That’s the number one reason why I do this.
Thank you so much.
This is a great article. So true. Math can practically keep you from blowing up an account. But human nature will blow up an account. It is hard when you are losing but don’t let ego replace the math. The ego will lie, cheat, steal and delude you into abandoning the rules. Don’t let it and you will certainly stay in the game.
Very well said. One thing is the math, and another thing is real life: when you see that 30%–40% drawdown, you start forgetting the rules and you start acting like “a human” :) . It’s in our nature. we are flawed .. That’s why we need to minimize these risks as much as possible.
Great article. I have seen many good articles already from you - but this one is clearly standing out.
Thank you for sharing you insights on this platform
Thank you so much, Maria, for this message. As of this year, I’ve become a full-time trader, and it’s my ambition to deliver the highest-quality information. I have more time now, so there’s no excuse not to do it.
I hope it only gets better from here.
I am sure, you’ll succeed 🙌🏻