š āThe market can remain irrational longer than you can remain solvent.ā ā John Maynard Keynes.
Markets are inherently unpredictable. No matter how good our strategy is, success rates will often hover around 50/50āperhaps improving slightly to 55/45 or 60/40 with experience.
āØThis is why risk management matters more than the strategy itself.
Proper risk management ensures that when weāre wrong (and we will be wrong), the losses are controlled and manageable. Equally, when weāre right, we must have the confidence to maximise profits. Itās not about avoiding mistakesāitās about making sure our wins outpace our losses over time.