Veteran trader explains how to let your profits run:
- Stick to one standard position size for every trade. Don't manually adjust based on how you feel. The markets don't care how you feel and they can remain "wrong" longer than you can stay solvent. Stay solvent, my friends.Replying to @tradertheoryThe data backs this. Risk management metrics show 73% of blown accounts stem from position sizing errors during FOMO periods, not strategy flaws. Market timing beats market prediction every time.
- People think trading should be exciting, its not. It's 99% sitting still. Want to be a better trader? Become a better meditator.Every blown account came from the same thing. Couldn't handle boredom so you forced trades.
- 100% If you're struggling to read current price action, sit out and come back during another session.It took me over 25 blown accounts to realize this
