@ScottPh77711570@therobotjames I have seen some stuff like edgeful company that provides "edge" that have no underlying reason/premise (price retraces to prev HOD 95% of the time) and little data (50-ish data points), is this cunt behaviour?
@imryansong Pls be more detailed about your steps to combat Over fitting. U mentioned it in passing in the video. Which is not enough.
This is the most important thing.
Good research and video by the way
@TheOneLanceB There's a part of risk management that's subjective... (A potential loss shouldn't disrabilize U etc).
For the objective part,
But Ruin...is ruin. If this trade goes pear shaped, can U recover...
If the ans is "maybe" or "not sure", SKIP IT.
@TheOneLanceB No.
And the only risk rule U should have is "never put yourself in a situation that might lead to ruin".
Even if the potential EV is mind-blowing, markets are still probabilistic and going "all in" is the stupidest bet a trader can ever make ...it assumes CERTAINTY
I can't stop thinking about this question:
Are you willing to sprint when the distance is unknown?
In 2021, Georgia Tech strength coach Lewis Caralla delivered this epic speech to the football team.
If it doesn't get you motivated, you may need to check your pulse...
He opens with a few harsh truths:
• Winning isn't loyal to you
• Winning doesn't care about you
• Winning doesn't care how sore you are
• Winning doesn't care how hard you work
• Winning doesn't care how much sleep you get
But it's his question that stuck with me:
Are you willing to sprint when the distance is unknown?
The willingness to sprint with no clear view of the finish line is rare.
It requires two things:
1. A deep belief in one's self
2. A deep belief in the mission
If you have 1 but not 2, you won't be able to do it.
If you have 2 but not 1, you won't be able to do it.
You need both.
In my observation, the greatest things in life are accomplished when you're willing to sprint when the distance is unknown:
The sprint to care for your loved ones in their time of need.
The sprint to build something meaningful.
The sprint to serve others and create positive ripples in the world.
Goal: Find those rare things in life that you're willing to sprint for when the distance is unknown.
That, to me, is the definition of winning.
"And why chase winning? Because the only thing that's guaranteed in life if you don't chase it is losing."