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

Common trading adage 'don't trade your P&L' is wrong; successful traders like Soros trade their book daily.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 1:06:08 · speech

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you think is just wrong? You know, like there's there's old adages that people have about trading and whatever. Is there anything that you see people parrot over and over and over again? You're like, actually, that's kind of stupid and incorrect. Just one? Or yeah, give us give us a couple as many as you like. I'm sure I think that let me use the top one, right? No, I'll give you a few, right? So things that grind my gears, right? When people say things like don't trade your book, don't trade your P&L. I mean, I trade my P&R, right? And if I'm I've traded my P&R for the last 20 years, right? It's literally all I've ever done. You know, like you make some money on any given day and you're looking at the next trade and you're kind of thinking, well, look, I can afford to lose a bit. I'll give it a shot, right? And you might end up doubling what you what you're making that day, right? Or, you know, look, you you're in drawdown, you're in a hole and you've taken another trade and it's like 10% of the way to target, but it's covering the loss in the first trade, right? And I'll cover that trade. And I'll say, well, you know, my account's back up even, or at
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