045: Jack Litle – Global Macro Trading, the Nature of Probability, and When to Place ‘Big Bets’
Chat With Traders
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The Importance of Position Sizing in Trading Success
I think position sizing is one of the biggest factors if not the most dominant factor in trading success if you are a discretionary trader and it's also this replicates all across what you see in investing in markets and business and in life I think that being able to make the very large bet at the right time is absolutely. If you don't have this the odds are are much lower that you will succeed when you look at how the market distributes profits profits are distributed on a fat tail basis meaning they come along semi-rarely.
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