Spending endless hours on theory does not make a better trader. The decisive edge comes from mastering psychology and tailoring risk-management to one's personal tolerance. Over-studying without mental discipline creates false confidence and costly mistakes.
View full episode →“Edge decay accelerates when a strategy becomes widely known, shrinking the time to profit”
“Loss streaks should be managed by adjusting position size, not by panic exits”
“Position sizing should reflect conviction and the statistical profile of the strategy (win‑rate vs. risk‑reward)”