I really needed this conversation. Was rage trading, chasing BS, forcing trades, and slowly chopping up my capital to $0. Seeing how Mike was moving made me rethink what I was doing and come back to center, to winning systems. Funny enough, after this conversation I went on to... make over $200K. It ended up being a pretty important inflection point in my recent trading journey. Hope you guys enjoy. Chapters: 0:00 — Why Copy Trading Usually Goes Wrong 4:55 — How to Build a Trading Thesis 7:37 — Taking Profits Without Killing the Upside 11:42 — Learning From Better Traders 13:38 — Why Ego Is Expensive 16:32 — Greed, Round-Tripping and Knowing When to Sell 19:06 — When a Thesis Changes in Real Time 24:27 — Position Sizing That Lets You Sleep at Night 28:46 — Moving Down the Risk Curve as Capital Grows 31:50 — Selling Too Early vs. Staying Alive 34:05 — How Good Traders Actually Find Ideas 40:18 — The Biggest Lessons Trading Teaches 42:58 — What Still Takes Years to Figure Out 46:45 — When Trading Starts Changing Your Life Let me know if these are helpful, they 10000% are for me selfishly. Who else do you want to see? Any other questions you have?show more

Incredible conversation really Amazed at how you asked for uncut feedback and took it all in and went on an absolute heater After the convo I went through a lot of my own struggles and have to talk to you now 😭😂 All joking aside glad to have you as a friend and trade beside you Legend 🙏

@fomo i think we basically did what happened in space jam

@Mike_Ess_ @fomo mike is a chad and moves a conviction play with words. some of you braindeads need to have an opinion vs. copy trading wallets.

@Mike_Ess_ @fomo Position sizing is such an important topic

what i personally have a tough time with is that i always tell myself; "well if im not selling, that means i think it will go up, and if i think it will go up, why dont i just buy more here" and its not that i always do buy more, its even that I dont sell because of that.

@Mike_Ess_ @fomo Good stuff

@Mike_Ess_ @fomo rage trading wrecked me before too ego chapter is real

@Mike_Ess_ @fomo Watching it now, hopefully I'll gain some insightful information init.

@Mike_Ess_ @fomo sounds like you're back on track that's what matters

@Mike_Ess_ @fomo Good stuff brother.

@Mike_Ess_ @fomo yeah selling early kills the upside

@Mike_Ess_ @fomo banger

@Mike_Ess_ @fomo thx that really helped, looking fw for the next one 🫶

@Mike_Ess_ @fomo Watching now. Thank you

@Mike_Ess_ @fomo Okay

@Mike_Ess_ @fomo 👀

@Mike_Ess_ @fomo this is a video I need to take time and watch

@Mike_Ess_ @fomo just listened to it. you guys are legend. can't wait to sit in the same room than you guys.

@Mike_Ess_ @fomo thx for the pod

@Mike_Ess_ @fomo can u bring @waleswoosh broskiii ?

@Mike_Ess_ @fomo ego and position sizing probably save more traders than another indicator ever will.

@Mike_Ess_ @fomo Position sizing and ego control are underrated trading lessons