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Insights on Trading Psychology and Overcoming Obstacles | Charles Harris

The TraderLion Podcast

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Compounding Is the Secret to Building Great Wealth

I think really being cognizant of your risk and having a line in the sand where you say to yourself, below this level, I'm done. No matter what, it's really important. It can happen to anybody that you almost have to put in that hard stop just to protect yourself from yourself. To be a consistent winner, you have to manage your drawdowns because large drawdowns are the kind of the enemy of compounding is really the secret to building great wealth.

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