Trader Mindset How traders use asymmetric gains to earn millions
Jul 21, 2025
Discover how traders leverage asymmetric gains to maximize profits. Learn about effective stop-loss adjustments that can transform risk management. The discussion emphasizes the importance of emotional intelligence and visualizing outcomes. Additionally, the conversation highlights strategies focused on scaling positions, disciplined execution, and accepting the reality of losses in trading. It's a deep dive into the psychology behind successful trading!
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Adjust Stops to Let Winners Run
- Use trailing stops and adjust them as the market moves to let winners run for bigger gains.
- Avoid obsessing over picking tops; focus on managing stops to capture asymmetric returns.
Starting Small with Limited Capital
- Michael started trading with an account equivalent to about $13,000 today, which gave him little room to breathe.
- He favored futures and directional trades over options and forex due to margin and accessibility constraints.
Write Notes to Learn Trading
- Write trading observations and data by hand to better lock in learning and connect with the markets.
- Visual and tactile note-taking reinforces understanding more than digital or purely mental methods.
