Sanjeev S

A golden snippet from one of our previous livestreams with @TradingInTheNow "Periods of drawdown are statistical. They're not personal. And so, you have to be able to understand how to manage those periods. And so, after many years of experiencing pain and kind of rejecting this idea and then opening myself up to this, I came up with this philosophy which is something that I want to share with you and something that I had to remind myself of last week. And that is this idea that time will always fix your frustration, but it will never fix your account balance. It doesn't matter what the market has done. Doesn't matter what mistakes I've made, it doesn't matter how I'm feeling in the moment. However frustrated I am, enough time spent away from the charts will eventually fix that frustration. It will bring that frustration from level 100 down to level 50 or 20 or 10 or to a point where it's far more manageable that you're not going to do something stupid in terms of how you manage risk. However, if you decide not to have that detachment, if you decide not to have that time away and you decide that you want to try and beat your money back out of the markets, the likelihood is you could get lucky and win some money back and it's probably not the most favourable thing to do because all you're doing is ingraining a bad habit. But in the long term, what that generally leads to is a detriment in terms of your risk management. Whether you pay the price today or whether you pay the price at some point in the future, you're doing something wrong if you're not operating from a point of mental clarity."