🚨💣 𝗘𝗫𝗖𝗟𝗨𝗦𝗜𝗩𝗘: There’s ongoing discussion among some agents about AC Milan as a potential destination, largely because its medical tests are considered among the most complicated and demanding in world football.
Several agents admit they prefer to avoid AC Milan as an option for their players, especially after multiple transfers were suspended or collapsed when players failed to pass the club’s medical examinations.
They secretly admit AC Milan’s medical tests are known for detecting issues other clubs might overlook.
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🗣️ Claudio Ranieri: "I remember my first meeting with the chairman when I arrived at Leicester City. He sat down with me and said, “Claudio, this is a very important year for the club. It is very important for us to stay in the Premier League. We have to stay safe.”
My reply was, “Okay, sure. We’ll work hard on the training ground and try to achieve this.”
Forty points. That was the goal. That was the total we needed to stay in the first division, to give our fans another season of Premier League football.
Perhaps you have heard their names now. Players who were considered too small or too slow for other big clubs. N’Golo Kanté. Jamie Vardy. Wes Morgan. Danny Drink water. Riyad Mahrez. When I arrived my first day of training and I saw the quality of these players, I knew how good they could be.
Well, I knew we had a chance to survive in the Premier League.
This player Kanté, he was running so hard that I thought he must have a pack full of batteries hidden in his shorts. He never stopped running in training.
I had to tell him, “Hey, N’Golo, slow down. Slow down. Don’t run after the ball every time, okay?”
He says to me, “Yes, boss. Yes. Okay.”
Ten seconds later, I look over and he’s running again.
I tell him, “One day, I’m going to see you cross the ball, and then finish the cross with a header yourself.”
He’s unbelievable, but he is not the only key. There are too many keys to name in this incredible season.
Jamie Vardy, for example. This is not a footballer. This is a fantastic horse. He has a need to be free out there on the pitch. I say to him, “You are free to move however you want, but you must help us when we lose the ball. That’s all I ask of you. If you start to press the opposition, all of your teammates will follow you.”
Before we played our first match of the season, I told the players, “I want you to play for your teammates. We are a little team, so we have to fight with all our heart, with all our soul. I don’t care the name of the opponent. All I want is for you to fight. If they are better than us, Okay, congratulations. But they have to show us they are better.”"
Lo de las mujeres en Irán está siendo increíble. Están luchando ellas solas contra una de las dictaduras más opresivas del mundo.
Están llevando a cabo probablemente la revolución femenina más importante del siglo XXI y es terrible como nadie está hablando de ellas.
talked to a guy who's been trading 23 years and manages $40M
asked him what separates traders who survive from traders who blow up
his answer surprised me
it wasn't strategy. it wasn't discipline. it wasn't psychology.
"bet sizing. that's it. that's the whole game."
here's what he explained:
THE THESIS:
"I've seen hundreds of traders come through. good ones. smart ones. talented ones."
"90% of the ones who blew up didn't blow up from bad trades. they blew up from bad sizing on normal trades."
"a 1R loss at proper size is nothing. a 1R loss at 10x proper size is account death."
THE EXAMPLES:
he walked me through case studies:
TRADER A:
- excellent strategy, 58% WR
- consistently profitable for 2 years
- had a "high conviction" trade
- sized up 5x normal position
- trade lost
- drawdown was 23% instead of 5%
- psychology cracked
- revenge traded the next week
- blew the account in 8 days
"he didn't blow up from a bad trade. he blew up from a big trade."
TRADER B:
- mediocre strategy, 51% WR
- survived for 11 years
- never sized above 0.8% per trade
- took the same size on every trade
- no "high conviction" sizing
- compounded slowly but never blew up
"he's worth $4M now. started with $50k. just never killed himself with size."
THE RULE:
"every trader who blows up violates the same rule"
"they size based on CONVICTION instead of MATH"
"'this one feels right' so they go bigger"
"'I'm on a winning streak' so they go bigger"
"'I need to make it back' so they go bigger"
"conviction is how you justify stupid sizing"
THE DATA:
he showed me internal research:
traders who sized based on conviction:
- average survival time: 2.4 years
- account explosion rate: 74%
traders who sized mathematically (same size every trade):
- average survival time: 8.3 years
- account explosion rate: 12%
"it's not even close. variable sizing kills traders."
THE MATH:
he broke down why "high conviction" sizing is stupid:
"let's say you're 60% accurate on normal trades"
"let's say you're 70% accurate on 'high conviction' trades"
"sounds good right? go bigger on the 70% trades?"
"wrong. here's why:"
"at 60% accuracy with 1% risk, a 4-loss streak costs you 4%"
"at 70% accuracy with 5% risk, a 4-loss streak costs you 20%"
"and 4-loss streaks happen even at 70% accuracy"
"you FEEL more confident but the math doesn't justify the size increase"
THE SOLUTION:
"how do you size then?"
"same size every trade. no exceptions."
"what about when you're really confident?"
"same size. confidence isn't accuracy."
"what about when the setup is perfect?"
"same size. perfect setups lose 40% of the time."
"what about when you're on a winning streak?"
"same size. streaks end."
"every trade gets the same respect. the 'boring' ones and the 'perfect' ones."
THE IMPLEMENTATION:
his rules for position sizing:
1. calculate your base risk (0.5-2% depending on account size and edge)
2. that's your risk on EVERY trade
3. never size up. ever.
4. if you want more money, scale accounts/capital. don't scale risk.
"I've been trading 23 years. I've never taken a trade above 2% risk. not once."
"my biggest winners and my 'meh' trades got the same size"
"I'm not trying to hit home runs. I'm trying to not strike out."
THE TRUTH:
retail traders think they need big trades to make big money
professionals know big trades make big losses
the traders managing real money all size conservatively
they make money through VOLUME of good trades not SIZE of individual trades
if you're varying your position size based on "conviction":
you're already on the path to blowing up
it's just a matter of when
same size
every trade
no exceptions
that's how you survive
I have an employee, Sarah, who has been my right hand for 6 years. She opens the shop, closes the shop, and treats the business like it's her own. Yesterday, she came into my office shaking, handing me a resignation letter. She said her mom was diagnosed with dementia and she needs to become a full-time caregiver because she can't afford a nurse. I tore up the letter. I told her, 'You are not quitting. You are on paid leave until you figure this out. Your job will be here, and your paycheck will hit your account every two weeks.' I’d rather take a hit to my profits than lose a loyal human being to a tragedy she didn't ask for.
Good people are hard to find, we have to protect them