Video Description

In this video, I interview 7-figure Trader Kyle Williams, as we go in depth on the topic of Trade Sizing. With a game like Poker, if you bet the same amount on every hand, statistically speaking, you should lose over time as there are more bad hands than good ones. However, if you up the ante during your best hands, your chances of being positive in the long run increase. It’s my belief that this same concept applies to trading, as the best traders make most of their profits from a small fraction of their trades, as they are the best at recognizing when to scale up. In this video, Kyle and I talk about all things trade sizing, from how much to start with, how to scale up, and how to handle the mental roadblocks that come with it. 👉 Follow Kyle's YouTube Channel: https://www.youtube.com/@kylewilliams3752 📝Access my trading course here: https://theonelanceb.com/ --------------------------------------------- 📱Follow my socials: X: https://x.com/TheOneLanceB Insta: https://www.instagram.com/lancesmagnumopus --------------------------------------------- 🎥 My other videos: Why Trading is a Terrible Career: https://youtu.be/hSnu9-cpdeY My $100M Daily Report Card: https://youtu.be/vKy6Q9hwon4 15 Years of Trading in 15 Minutes: https://youtu.be/27cXk34t1gI --------------------------------------------- If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards. The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you. May you want it bad enough to overcome any obstacles. -(The One) Lance B --------------------------------------------- Chapters: 00:00 What is Exponential Trade Sizing 04:06 How to Measure Trade Sizing 08:06 How Much Do You Risk? 09:45 Uniform Bet Sizing Vs. Dynamic Bet Sizing 11:23 The Importance of Expected Value 14:25 How Does Sizing Change Over Time 24:06 Why Kyle Grew So Much This Year 28:19 Don't Scale Up Too Fast 31:32 Handling Risk In the Moment 37:50 Knowing When to Turn the Gas On or Off 41:12 Building Confidence After a Loss 43:51 How to Be More Systematic 47:13 Knowing When You're In Too Deep DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/ #swingtrading #trading #lancebreitstein #daytrading #stocks #finance #stockmarket #tradingeducation #kylewilliams #tradingpodcast #tradesizing