93 - Real Talk with Real Traders: Traveling Fox
The Trade Busters
The Importance of Recognizing Geometric Expectancy
Every little mistake you make is essentially compounding backwards forever. So if you think about not having made 10 little mistakes and having extra $10,000 that is now compounding for like, what is that impact on your long term trajectory? And so I'm so cognizant of like not trying to make, you know, we get so annoyed losing like even a dollar. When you take a five percent hit, it feels like, whoa, in the grand scheme of things, something like a two or three percent or, you know,. Five percent is a big, big hit when you have no other bankroll coming in.
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