#freezing #Freeze #BrianLeeFreezing #Compounding #LongRunWin #LongRunLose
There's a lot of context to the decision to wire outlier days but let me be super clear and make it simple.
For traders who are grinding up accounts and risk levels for the first time (beginner to advanced) I would primarily focus on using my "freeze" or "freezing" method. Do an advanced search on the terms I quoted and you'll find a ton of clarity on the process and exactly what you should do. For the outlier days wiring system, that was a very necessary adaption I needed to make because I had fully experienced a ton of risk levels on my journey and then hit a drawdown in 2022. As a result I was retracing back to risk levels that I was fully comfortable with and felt there was no reason to wire out, it revealed a hole in the freezing strategy — no conditions for wiring meant I was no longer treating trading as a business. My last blog goes over this in depth. So here’s the final word: 1. Pretty much everyone can and, imo, should give my freeze method a serious go. 2. If you enter into any sort of significant drawdown, contrary to your emotion, I believe you should wire out 50% of outlier days while grinding it back up for a plethora of benefits both psychological and practical. This is one of the few topics I believe almost never gets discussed, let alone in detail. Ask yourself why it is that most traders never elaborate on risk, risk controls, growth systems and failure points and, even when they do, cannot provide direct actionable systems. The reason is because of gambling. The reason is because of luck. The reason is because of being a natural. I understand that I can be absolutely mediocre and have to put in a lot more effort to make sure I eliminate as many aspects of this as I can within my control. Most people are not going to be Kobe or LeBron, and the funny part is that by being hyper aware of my weaknesses, I end up being able to flirt with the top of most any pursuit I put my mind to. Literally in any game I play I’ll be able to reach the top 1% because I don’t rely on being a natural, I just put in more work that is reasonable because I know I have to do more than the next guy to even compete. Most of you fall into the same camp so take it seriously when I mention a path that you can take as well. Whenever I design systems or strategies I always think in terms of “can the average person succeed with this?” If my strategy or concept is so niche that only 1% can succeed, then I think it’s a miserable strategy to teach. If you really think your trading shortcomings are a result of not being able to replicate strategies only the 1% can execute then you’re just thinking way too highly of yourself. Most people literally have so much ego in this game that they think they’re above process and will break every rule in the game to replicate others who have more resources, more luck, or straight up bad actors with no actual transferable methodology.
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