BINANCE new goals!!! I thank all the people who have supported my posts and broadcasts. AND THIS is how they have helped me evolve within our BINANCE platform... This new year that begins; I wish that each and every one of us achieves every goal, every purpose, and every desire... Let's grow together as a family!!! @ZAARD_ZANNA $BNB TO INFINITY AND BEYOND 🚀🚀🚀🚀
A very special place where many Spanish-speaking people gather. Where we share ideas, support each other, and above all; within the BINANCE ecosystem, we learn to use the tools that it provides us to navigate the platform....
Although we are of different nationalities, we learn to love each other like brothers, and day by day we grow more and more!!!
talked to a guy who's been trading 23 years and manages $40M
asked him what separates traders who survive from traders who blow up
his answer surprised me
it wasn't strategy. it wasn't discipline. it wasn't psychology.
"bet sizing. that's it. that's the whole game."
here's what he explained:
THE THESIS:
"I've seen hundreds of traders come through. good ones. smart ones. talented ones."
"90% of the ones who blew up didn't blow up from bad trades. they blew up from bad sizing on normal trades."
"a 1R loss at proper size is nothing. a 1R loss at 10x proper size is account death."
THE EXAMPLES:
he walked me through case studies:
TRADER A: - excellent strategy, 58% WR - consistently profitable for 2 years - had a "high conviction" trade - sized up 5x normal position - trade lost - drawdown was 23% instead of 5% - psychology cracked - revenge traded the next week - blew the account in 8 days
"he didn't blow up from a bad trade. he blew up from a big trade."
TRADER B: - mediocre strategy, 51% WR - survived for 11 years - never sized above 0.8% per trade - took the same size on every trade - no "high conviction" sizing - compounded slowly but never blew up
"he's worth $4M now. started with $50k. just never killed himself with size."
THE RULE:
"every trader who blows up violates the same rule"
"they size based on CONVICTION instead of MATH"
"'this one feels right' so they go bigger" "'I'm on a winning streak' so they go bigger" "'I need to make it back' so they go bigger"
"conviction is how you justify stupid sizing"
THE DATA:
he showed me internal research:
traders who sized based on conviction: - average survival time: 2.4 years - account explosion rate: 74%
traders who sized mathematically (same size every trade): - average survival time: 8.3 years - account explosion rate: 12%
"it's not even close. variable sizing kills traders."
THE MATH:
he broke down why "high conviction" sizing is stupid:
"let's say you're 60% accurate on normal trades" "let's say you're 70% accurate on 'high conviction' trades"
"sounds good right? go bigger on the 70% trades?"
"wrong. here's why:"
"at 60% accuracy with 1% risk, a 4-loss streak costs you 4%" "at 70% accuracy with 5% risk, a 4-loss streak costs you 20%"
"and 4-loss streaks happen even at 70% accuracy"
"you FEEL more confident but the math doesn't justify the size increase"
THE SOLUTION:
"how do you size then?"
"same size every trade. no exceptions."
"what about when you're really confident?"
"same size. confidence isn't accuracy."
"what about when the setup is perfect?"
"same size. perfect setups lose 40% of the time."
"what about when you're on a winning streak?"
"same size. streaks end."
"every trade gets the same respect. the 'boring' ones and the 'perfect' ones."
THE IMPLEMENTATION:
his rules for position sizing:
1. calculate your base risk (0.5-2% depending on account size and edge) 2. that's your risk on EVERY trade 3. never size up. ever. 4. if you want more money, scale accounts/capital. don't scale risk.
"I've been trading 23 years. I've never taken a trade above 2% risk. not once."
"my biggest winners and my 'meh' trades got the same size"
"I'm not trying to hit home runs. I'm trying to not strike out."
THE TRUTH:
retail traders think they need big trades to make big money
professionals know big trades make big losses
the traders managing real money all size conservatively
they make money through VOLUME of good trades not SIZE of individual trades
if you're varying your position size based on "conviction": you're already on the path to blowing up
talked to a guy who's been trading 23 years and manages $40M
asked him what separates traders who survive from traders who blow up
his answer surprised me
it wasn't strategy. it wasn't discipline. it wasn't psychology.
"bet sizing. that's it. that's the whole game."
here's what he explained:
THE THESIS:
"I've seen hundreds of traders come through. good ones. smart ones. talented ones."
"90% of the ones who blew up didn't blow up from bad trades. they blew up from bad sizing on normal trades."
"a 1R loss at proper size is nothing. a 1R loss at 10x proper size is account death."
THE EXAMPLES:
he walked me through case studies:
TRADER A: - excellent strategy, 58% WR - consistently profitable for 2 years - had a "high conviction" trade - sized up 5x normal position - trade lost - drawdown was 23% instead of 5% - psychology cracked - revenge traded the next week - blew the account in 8 days
"he didn't blow up from a bad trade. he blew up from a big trade."
TRADER B: - mediocre strategy, 51% WR - survived for 11 years - never sized above 0.8% per trade - took the same size on every trade - no "high conviction" sizing - compounded slowly but never blew up
"he's worth $4M now. started with $50k. just never killed himself with size."
THE RULE:
"every trader who blows up violates the same rule"
"they size based on CONVICTION instead of MATH"
"'this one feels right' so they go bigger" "'I'm on a winning streak' so they go bigger" "'I need to make it back' so they go bigger"
"conviction is how you justify stupid sizing"
THE DATA:
he showed me internal research:
traders who sized based on conviction: - average survival time: 2.4 years - account explosion rate: 74%
traders who sized mathematically (same size every trade): - average survival time: 8.3 years - account explosion rate: 12%
"it's not even close. variable sizing kills traders."
THE MATH:
he broke down why "high conviction" sizing is stupid:
"let's say you're 60% accurate on normal trades" "let's say you're 70% accurate on 'high conviction' trades"
"sounds good right? go bigger on the 70% trades?"
"wrong. here's why:"
"at 60% accuracy with 1% risk, a 4-loss streak costs you 4%" "at 70% accuracy with 5% risk, a 4-loss streak costs you 20%"
"and 4-loss streaks happen even at 70% accuracy"
"you FEEL more confident but the math doesn't justify the size increase"
THE SOLUTION:
"how do you size then?"
"same size every trade. no exceptions."
"what about when you're really confident?"
"same size. confidence isn't accuracy."
"what about when the setup is perfect?"
"same size. perfect setups lose 40% of the time."
"what about when you're on a winning streak?"
"same size. streaks end."
"every trade gets the same respect. the 'boring' ones and the 'perfect' ones."
THE IMPLEMENTATION:
his rules for position sizing:
1. calculate your base risk (0.5-2% depending on account size and edge) 2. that's your risk on EVERY trade 3. never size up. ever. 4. if you want more money, scale accounts/capital. don't scale risk.
"I've been trading 23 years. I've never taken a trade above 2% risk. not once."
"my biggest winners and my 'meh' trades got the same size"
"I'm not trying to hit home runs. I'm trying to not strike out."
THE TRUTH:
retail traders think they need big trades to make big money
professionals know big trades make big losses
the traders managing real money all size conservatively
they make money through VOLUME of good trades not SIZE of individual trades
if you're varying your position size based on "conviction": you're already on the path to blowing up
BINANCE new goals!!! I thank all the people who have supported my posts and broadcasts. AND THIS is how they have helped me evolve within our BINANCE platform... This new year that begins; I wish that each and every one of us achieves every goal, every purpose, and every desire... Let's grow together as a family!!! @ZAARD_ZANNA $BNB TO INFINITY AND BEYOND 🚀🚀🚀🚀
It's incredible how many things I've been able to read in the last few hours regarding Venezuela. I believe that many people don't know that I am from that beautiful country, where people get up every day to work and fight to see their dreams come true.
On January 3rd, we woke up to the news that the dictator Nicolás Maduro was taken away (yes, he is a dictator). So many criticisms about the U.S. only wanting Venezuela's oil may be true; however, within the country, there were already many allied countries of the regime that, together with them, were stealing that resource.
If you don't know, if you don't live the Venezuelan reality or have your eyes blinded by sensationalist news, it's better to get informed through someone who does live here and knows everything that happens in their country.
I think the only thing I can inform you is that we are fine and we will be better. #Venezuela
BINANCE new goals!!! I thank all the people who have supported my posts and broadcasts. AND THIS is how they have helped me evolve within our BINANCE platform... This new year that begins; I wish that each and every one of us achieves every goal, every purpose, and every desire... Let's grow together as a family!!! @ZAARD_ZANNA $BNB TO INFINITY AND BEYOND 🚀🚀🚀🚀
ZANNA was not born to be just a token. 💭It is an idea in motion, an expanding universe, a project that thinks in long cycles, not in minutes. Those who only look at the price see numbers. Those who look with vision see structure being built. 🫴🏻The future does not announce when it arrives. It is being built now!
ZANNA was not born to be just a token. 💭It is an idea in motion, an expanding universe, a project that thinks in long cycles, not in minutes. Those who only look at the price see numbers. Those who look with vision see structure being built. 🫴🏻The future does not announce when it arrives. It is being built now!
BINANCE new goals!!! I thank all the people who have supported my posts and broadcasts. AND THIS is how they have helped me evolve within our BINANCE platform... This new year that begins; I wish that each and every one of us achieves every goal, every purpose, and every desire... Let's grow together as a family!!! @ZAARD_ZANNA $BNB TO INFINITY AND BEYOND 🚀🚀🚀🚀
I am the host of the live audio "🔥 ZAARD 🔥 BINANCE starting the year with positivity 🔥🔥🔥" on Binance Square. Join here: https://app.binance.com/uni-qr/cspa/34653233143050?r=KAN4LD16&l=es-LA&uc=app_square_share_link&us=copylink
BINANCE new goals!!! I thank all the people who have supported my posts and broadcasts. AND THIS is how they have helped me evolve within our BINANCE platform... This new year that begins; I wish that each and every one of us achieves every goal, every purpose, and every desire... Let's grow together as a family!!! @ZAARD_ZANNA $BNB TO INFINITY AND BEYOND 🚀🚀🚀🚀
🌸 one day out of curiosity I entered a live where they spoke my language, there were many laughs, jokes, and I felt comfortable, it was there when I met them, we understand each other with just one word, without envy, without competition, without malice, proud of each other's achievements, celebrating every effort, supporting and accompanying as much as possible, 🔥*unconditional* 🔥 that word is not earned by just anyone some will say "you can't call friends in such a short time" but what they don't know is that QUALITY ALWAYS beats QUANTITY thank you thank you thank you for being there. 🌸🌸my women the most beautiful, sincere, unique and above all the most incredible they are mine, I will follow them wherever they go, regardless of what others say or think, my loyalty is with you🌸🌸 $BNB $BTC