Exit discipline vs. conviction sizing.
Sold $TST at $1.5M (+10x from $147K entry) in under 24 hours. Four hours later it hit $4.5M—left $3.5M unrealized.
Being directionally correct means nothing if you can't hold through volatility. The spread between 'right' and 'paid' is execution.
Most traders optimize for win rate. Winners optimize for payoff asymmetry. You don't get 30x by taking 10x.
Sold $TST at $1.5M (+10x from $147K entry) in under 24 hours. Four hours later it hit $4.5M—left $3.5M unrealized.
Being directionally correct means nothing if you can't hold through volatility. The spread between 'right' and 'paid' is execution.
Most traders optimize for win rate. Winners optimize for payoff asymmetry. You don't get 30x by taking 10x.
