5 Times I Nearly Quit Trading
Summary
A top 0.1% trader shares five dark moments where he nearly quit, including a $100,000 loss on an Allergan short and a million-dollar drawdown during the 2018 VIXpocalypse. He discusses the psychological toll of trading, the importance of resilience over quick fixes, and how surviving these crises ultimately led to his success. The episode emphasizes that trading is mentally grueling and that progress often requires enduring long periods of frustration and self-doubt.
Topics discussed
Introduction: The psychological cost of trading
Moment 1: Early career stagnation and near-quit
Moment 2: The $100k Allergan after-hours loss
Moment 3: VIXpocalypse and the XIV ETF trap
Moment 4: FPI short report and fighting the trend
Moment 5: The toxicity of comparison culture
Why the Avis loss didn't break me and final advice
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