Conviction is PROVEN in ADVERSITY
Profit during expansion requires optimism.
Survival during contraction requires structure.
When markets retrace 20% !
Amateurs react while the Professionals recalibrate
The difference tho is not intelligence but an allocation governance.
Being correct is irrelevant
If position sizing is reckless.
Capital that endures drawdowns is capital that compounds.
Markets reward longevity.
Not EGO !!!