ilmscore | Prediction Details
"so I mean you know in hindsight it's like yeah I wish I had slowed down sooner so I could have dug the hole half as deep you know but in the moment you keep thinking maybe today's the day it's going to turn yeah exactly and like I might make 5,000 today and but then you're down another 2500 another 2500 and next thing you know it's like oh my gosh this is unreal and I think my feeling is that as much as I as much as I say and I you know it'd be like you got to slow down this and that there's a certain extent that we have to learn these things kind of ourselves and and go through the experience of like wow that was painful I thought you know this was going to work but it didn't so that pain is what's going to remind me the next time I start a draw down to get my foot off the gas real quick yeah"
By Ross Cameron - Warrior Trading | November 28, 2024 | Pending
From video
How Danny Scaled his Day Trading Strategy from $10/day to $350k/Year 00:46:33 - 00:47:16
Interpreted Prediction
The speaker emphasizes that while hindsight suggests slowing down during drawdowns, the immediate 'maybe today's the day' mentality often prevents it. The painful experience of drawdowns serves as a crucial, self-learned reminder to reduce risk quickly.

Prediction Details

Topic
Trading Psychology

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