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Our brains have evolved to be successful hunter gatherers, but terrible for trading, as our natural tendency of being loss averse and risk averse means that we tend to hold to losers and get rid of small winners. When I joined here I did an analysis of all the logged trades from the performance page to understand how each of the strategies behaved, typical drawdowns and profits, exceptional drawdowns and profits, etc. This gives my hunter gatherer brain the reassurance that there is an statistical edge, and in order not to ruin it, I need to be consistent in execution. This means sizing, not giving up on a strategy when there is a period of draught, not joining only after a period of logged steady wins, and respect the win and loss conditions of each strategy. Otherwise I risk doing something that will lose the statistical edge. That makes me accept losers and give room to grow to small winners. @Bullfighter

October 2021 update: Many of our current and former members know our long time mentor @krisbee for his highly valuable contributions to SteadyOptions community. Many of you learned to appreciate his high professionalism and patience. I'm pleased to inform all members that going forward @krisbee will start contributing trades to our official model portfolio. The performance numbers on the performance page will include all trades from the official model portfolio (posted under SteadyOptions Trades forum). This will allow us to expand the quantity and the quality of our trades, sometimes providing a slightly different angle and perspective. SteadyOptions is getting even better! Now you will get official trades from THREE traders for the price of one! This means more selection and more diversity. Those who followed @Kim and @Yowsterto get the posts in trades and discussions forums, please don't forget to follow @krisbee. Of course you can also continue following the forums and the topics. Happy trading!

I would say that the big risk is entering at a price you already know is bad just for the sake of being in the trade. Not entering a trade carries absolutely zero risk. What it does carry is FOMO, or Fear Of Missing Out, and that, my friend, is an account destroyer. FOMO causes us to do dumb things because we’re afraid of not making the money we think we should, or afraid of not making back this month’s service charge. It’s insidious, and we have to be vigilant to keep it at bay, plan our trades, and trade our plan. @Peeyotch

Couldn't agree more Tom. This is why we always recommend to start small with any system. You never know when the next drawdown will come.