jp_paradigm

reminder that *you* are in control over your own actions and you don’t have to force a trade, ever

@DodgysDD yeah suck pa

Yesterday I said I wouldn’t trade today bc I knew PA would suck Did I trade today? Nope 99% of people can’t do that

talked to a guy who's been trading 23 years and manages $40M asked him what separates traders who survive from traders who blow up his answer surprised me it wasn't strategy. it wasn't discipline. it wasn't psychology. "bet sizing. that's it. that's the whole game." here's what he explained: THE THESIS: "I've seen hundreds of traders come through. good ones. smart ones. talented ones." "90% of the ones who blew up didn't blow up from bad trades. they blew up from bad sizing on normal trades." "a 1R loss at proper size is nothing. a 1R loss at 10x proper size is account death." THE EXAMPLES: he walked me through case studies: TRADER A: - excellent strategy, 58% WR - consistently profitable for 2 years - had a "high conviction" trade - sized up 5x normal position - trade lost - drawdown was 23% instead of 5% - psychology cracked - revenge traded the next week - blew the account in 8 days "he didn't blow up from a bad trade. he blew up from a big trade." TRADER B: - mediocre strategy, 51% WR - survived for 11 years - never sized above 0.8% per trade - took the same size on every trade - no "high conviction" sizing - compounded slowly but never blew up "he's worth $4M now. started with $50k. just never killed himself with size." THE RULE: "every trader who blows up violates the same rule" "they size based on CONVICTION instead of MATH" "'this one feels right' so they go bigger" "'I'm on a winning streak' so they go bigger" "'I need to make it back' so they go bigger" "conviction is how you justify stupid sizing" THE DATA: he showed me internal research: traders who sized based on conviction: - average survival time: 2.4 years - account explosion rate: 74% traders who sized mathematically (same size every trade): - average survival time: 8.3 years - account explosion rate: 12% "it's not even close. variable sizing kills traders." THE MATH: he broke down why "high conviction" sizing is stupid: "let's say you're 60% accurate on normal trades" "let's say you're 70% accurate on 'high conviction' trades" "sounds good right? go bigger on the 70% trades?" "wrong. here's why:" "at 60% accuracy with 1% risk, a 4-loss streak costs you 4%" "at 70% accuracy with 5% risk, a 4-loss streak costs you 20%" "and 4-loss streaks happen even at 70% accuracy" "you FEEL more confident but the math doesn't justify the size increase" THE SOLUTION: "how do you size then?" "same size every trade. no exceptions." "what about when you're really confident?" "same size. confidence isn't accuracy." "what about when the setup is perfect?" "same size. perfect setups lose 40% of the time." "what about when you're on a winning streak?" "same size. streaks end." "every trade gets the same respect. the 'boring' ones and the 'perfect' ones." THE IMPLEMENTATION: his rules for position sizing: 1. calculate your base risk (0.5-2% depending on account size and edge) 2. that's your risk on EVERY trade 3. never size up. ever. 4. if you want more money, scale accounts/capital. don't scale risk. "I've been trading 23 years. I've never taken a trade above 2% risk. not once." "my biggest winners and my 'meh' trades got the same size" "I'm not trying to hit home runs. I'm trying to not strike out." THE TRUTH: retail traders think they need big trades to make big money professionals know big trades make big losses the traders managing real money all size conservatively they make money through VOLUME of good trades not SIZE of individual trades if you're varying your position size based on "conviction": you're already on the path to blowing up it's just a matter of when same size every trade no exceptions that's how you survive

@callistoroll finally a real interview

Japanese girls were asked if they think there are any handsome men in India. Do you agree with their answer?

um filipino ganhou medalha de ouro e é ouro pro brasil também porque somos primos

@SMC_Trader01 @P_DROGO_ @RiffatFN @FundedNext already did, nothing happen so far

We paid $170,000 extra to 170 traders. On a weekend. When we first launched our Brand Promise : "Get paid within 24 hours, or we pay $1000 extra" .. Many were skeptical. We kept our head down and maintained the 24 hour deadline for months in a row. We finally hit a block, where payouts couldn't be processed in 24 hours. 170 payouts were delayed 1/2 days. We paid all of the traders $1000 extra without a second thought. Not a single query, no documents, interviews..nothing. That's what our brand promise means to us. #unfazed

@SMC_Trader01 @FundedNext good for you

@SMC_Trader01 @FundedNext I don't see anything active in my dashboard, I passed phase 1 yesterday I still haven't got any details. I've checked my email and responded to their forms i still haven't got any details

@RiffatFN @FundedNext DM'ed you already

@jp_paradigm @FundedNext Hello, please DM me. I will look into it.

@krungy21 @xoxogHeLa21 hard !

@xoxogHeLa21 Exactly

Wag na wag lang bumalik-balik yung mga ex-friends ni Ati na biglang hindi na siya kilala when 2ne1 disbanded. Baka mamalimos ng tickets sayo @krungy21 parang awa i-WHO YOU mo sila. Alam kong mabait ka pero di nila deserve ng kahit anong favor from you.

No rest until i die

Twitter Exclusive Giveaway! 20 x $10k Challenge Accounts Reply down below with your best suggestions for TFT Results will be posted July 5th! discord.gg/thefundedtrader 100,000 members on the way!!

@I_Am_The_ICT 1 to 2 trades a day 😅

Did you learn today?

@SJosephBurns 9

What’s the correct answer?

200k special - $1000 account at @DominionMktsLLC Random chosen from likes and retweets.

How’s your 2023. 7 years in the game. No over trading for 6 years, no over risking for 6 years. Just 2 rules followed CONSISTENTLY for 6 years. You will give up your rules after 6 days or 6 weeks or even 6 months. This takes YEARS. #forextips #marketfluidity #src #xauusd

GIVEAWAY: $50K FTMO + $3000 COURSE I’m running a giveaway of a $50k FTMO + My unreleased course worth $3000. (Course preview below) RULES: 1- Like 2- Follow 3- Retweet Winner announced when I hit 10k. Course preview: kb-trading-consultants.com/become-a-profe…

Andrew Tate, Judges Ruling on Rape I have reviewed the allegation against the Tates & it's very weak. I'm surprised that they were arrested. Romanian Authorities have gone in, without there being much substance behind the arrest. But, let’s review the evidence /1

We live in clown world 🤡