The day you truly accept that any trade you take can go against you, you’ll stop taking oversized positions and letting your risk management slip. That’s when you start becoming a disciplined, successful trader.
But if you expect the market to move in your direction simply because you’ve entered a trade, overconfidence can make you increase your risk. You forget to ask yourself: “What if my stop-loss gets hit? What if the market doesn’t move the way I expect?” That possibility is always there, and the loss can be significant.
When you ignore that possibility and stay in a trade with too much size, your capital can take a major drawdown. Suddenly, your mindset shifts from making profits to recovering losses. You move away from disciplined trading and start chasing recovery.
So focus on keeping your position size under control. Never approach a single trade with absolute certainty that it will move in your direction. No trade is 100% guaranteed.
Once you truly accept that and trade accordingly, watch how much your trading improves.
The Cost of EXCELLENCE-
1. You can't miss a DAY of practice & preparation.
2. You cannot miss looking for opportunities every single DAY.
3. You've got to put constant efforts daily.
4. You've got to stop doing stupidity.
5. You cannot lose hope due to setbacks & failures. Also, setbacks must not become a reason to become indisciplined & disappointed.
6. You've got to fight with 'reality' & 'emotions' and be strict with trigger pulling.
7. Repetition, Repetition, Repetition of all these.
99% of options traders are gambling because they never learned the fundamentals.
This 1-hour Yale lecture changes everything.
In just 60 minutes, you’ll learn more about options trading than most overpriced trading courses ever teach.
No hype. No fake gurus. Just real knowledge.
Save this and watch it without distractions. 📌