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I can teach you everything I know.
I cannot teach you everything I’ve lived.
That’s the difference between knowledge and experience.
Knowledge is given.
Experience is earned.
Every great football team has a defense before a striker.
Trading is the same.
Rule 1: Protect the account.
Rule 2: Strike when the odds are in your favor.
Defend everything, and you’ll never score.
Attack everything, and you’ll soon be out of the game.
El conflicto entre Iran y Usa ya esta entrando en una situacion prolongada, y eso no es bueno. Malo para todos ya que la inflacion seguira alta o incluso aumentara.
8,000,000,000 people on Earth. Almost no one knows you exist. The few who do are too busy to care. Relax. No one’s watching. Dear son, Go build your life.
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Drawdown is a frightening word for something completely ordinary.
Your equity curve will not print a new all-time high every day. No real track record does. The highest point your equity reaches becomes your high watermark. From there, you only earn performance fees again once you climb back above it. The gap in between has a scary name. It is just the market not paying you yet.
So do not treat a drawdown as permanent. If your strategy has genuine positive expectancy, the slow stretches are there to be sat through. The record grinds back. In time, it breaks higher.
The real danger is not the drawdown. It is what you do inside it. Changing your approach because the curve dipped is how an ordinary drawdown becomes one you never recover from. Hold your risk and trust the edge you tested. Let the cycle do its work.
Fly on the Fund Wall episode with Ryan Paisey of @PiQMarkets is now live!
Make sure you set an hour aside this weekend to listen to Ryan talk about his experience as a runner all the way to becoming a market maker over a 23-year long career.
Not one to miss!
Link below 👇
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