The Feedback Loop of Death
1) Loss (or loss streak)
2) Paralysis, too scared to enter
3) Compensation: TP early to "make back" some PnL
4) Sizing down bc scared to lose
5) Frustration via compensation i.e not "making it back" fast enough
6) Overcorrection into sizing even bigger than normal
7) Bigger Losses (lead to account blow ups)
Hantavirus escalation liquidation into higher low while the market waits for covid style liquidation into 50Ks and lower could be the play (holders sell, buyers afraid to buy)
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Wow I just went through some of the most successful traders performance records, and I can't believe what I found.
Paul Tudor Jones. Net worth $8 Billion
Win Rate: 30% – 45%
Risk-Reward: 5:1
Jim Simons. Net Worth $31 Billion
Win Rate: 50.7% (
Risk-Reward: ~1:1
Ed Seykota. Net Worth $4 Billion
Win Rate: 30% – 35%
Risk-Reward: 5:1 to 10:1
Average X Commenter. Net Worth $0
Win Rate: 100%
Risk-Reward: "What dat mean?"
🏰 You can not build a castle on quicksand.
→ Never ever let yourself get hungry behind the charts.
→ Never full clip 1,5+ hours at once on the charts.
→ Never disrespect your sleeping time two days in a row.
Follow these three and watch winrate 1.5x.