Ep69: Bad Position Sizing
The Trading Psychology Podcast
00:00
Avoiding Arbitrary Trading Goals and High Percentage Return Targets
The chapter cautions traders against setting arbitrary monthly or quarterly trading goals and aiming for high percentage returns, highlighting the importance of realistic long-term growth goals and consistent trading systems. It warns against predatory practices of demanding specific percentages by prop firms and emphasizes the need to avoid desperation in trading decisions to prevent financial disasters.
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