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All moments › Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting

Soros lesson: aggressive sizing on high-confidence ideas generates wealth; win rate is secondary.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 52:01 · speech

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And when Drucken Miller started working with Soros, he said, the thing that changed the most for me working with George Soros was just how hard he pressed the bet when he knew or had confidence in the idea. It was not about catching every move, it was about aggressively sizing in the ones that you were extremely confident in because that's where all the money is made. And I couldn't agree more. I think it's proper sizing in your A plus setups and making sure that when you win, you win more than you lose because it's not how often you win, it's how much you make when you win and how much you lose when you lose. Those are really the two driving factors because win rate is just one of the variables of, you know, your expected value of your entire system.
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