Post #8668

The goal isn’t to have the most wins. The goal is to have the biggest wins. Conviction is inversely correlated to frequency. The more frequently you act on opportunities, naturally, the lesser conviction you have in each. ➡️Trader A: 20 right calls over 5 years, but sized <5% every time. ➡️Trader B: 5 right calls over 5 years but sized >25% every time. 1 trade by trader B can outperform 10 similar trades by trader A just because of sizing. Warren Buffett spoke of the ‘punch card approach’. Imagine your portfolio was capped to only 20 investments ever: You would take every single opportunity that comes your way a lot more carefully, with a lot more responsibility, and in turn enter with higher conviction and size. ✅Subscribe to@cryp