Loss tolerance is the prerequisite skill. Most traders fail because they can't psychologically reset after drawdowns.
The ability to close out a losing position, shut down, and return with zero emotional carryover is what separates consistent performers from blown accounts.
Personal P&L: -$10M over 9 years. Still trading. That's the point.
If you can't detach from individual losses, position sizing and risk management become irrelevant. The mental capital drain will kill you before the financial loss does.
The ability to close out a losing position, shut down, and return with zero emotional carryover is what separates consistent performers from blown accounts.
Personal P&L: -$10M over 9 years. Still trading. That's the point.
If you can't detach from individual losses, position sizing and risk management become irrelevant. The mental capital drain will kill you before the financial loss does.
