Successful traders treat each trade like a casino bet: emotionally detached and focused on statistical edge. If your winning trades are twice the size of your losses, a 34% win rate generates profit. The key is indifference to individual outcomes and disciplined position sizing.
Chapters
I don't care if it's a winning trade or losing trade. I'm completely detached to it because I know my odds, almost like a casino, because they know the longer you play, in the end, they have this percentage edge. They're going to come out ahead in the long run, right? That's what we do with trading. It's not about if I win a trade or lose a trade. I know that at the end of the month, right, I'm going to— let's say, let's say, for example, I take 100 trades and I lose on 50 of them and I win on 50 of them, right? Which is very reasonable. But if I just ensure that the winning investments or winning trades are twice the size of my average loser, then I only need to be right 34% of the time. I made $100 grand. So net-net, at the end of the month, I'm going to make, you know, $50 grand. So emotional indifference is key, but in trading, it's one of the best characteristics to have.