{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64b6a5eb30f191001299b331/64deca5f4189310011762286?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"EP12: Why Winning Streaks Leads You to Blow Your Account","description":"<p>There's nothing better than a winning streak in trading, right? But you know, winning streaks can actually blow your trading account, and Somesh explains why. Join Somesh as he delves into the psychology behind why winning streaks can actually lead to blowing your trading account. As he navigates the treacherous waters of overconfidence, he reveals hidden dangers under seemingly unstoppable winning streaks, and he gives you some practical tips to keep this from happening to you.</p><p><br></p><p>In this episode, Somesh discusses:</p><p><br></p><ul><li>The fine line between confidence and overconfidence, and its impact on trading</li><li>The dangerous temptation of maintaining winning streaks at any cost</li><li>Recognizing red flags and the art of disciplined trading</li><li>The pivotal roles of humility, discipline, and risk management in trading</li><li>The consequences of succumbing to overconfidence: emotional, physical, and financial</li><li>Strategies for breaking the cycle and achieving consistency and discipline.</li></ul><p><br></p><p><br></p><p><strong>Memorable Quotes:</strong></p><p><br></p><p>\"The money you make without confidence, the money you make without discipline, the money you make without being the best version of yourself – you're going to lose in the market, be it today, or be six months from now.\"</p><p><br></p><p>\"Worry about the inputs, don't worry about the outputs.\"</p><p><br></p><p>\"A disciplined life leads to disciplined trading.\"</p><p><br></p><p><br></p><p><strong>Resources:</strong></p><p><br></p><p><a href=\"https://www.instagram.com/kay_capitals/\" rel=\"noopener noreferrer\" target=\"_blank\">Somesh S (@kay_capitals) on Instagram</a></p><p><br></p><p><a href=\"https://www.youtube.com/@KayCapitals\" rel=\"noopener noreferrer\" target=\"_blank\">Kay Capitals on YouTube</a></p><p><br></p><p><a href=\"https://twitter.com/KayCapitals\" rel=\"noopener noreferrer\" target=\"_blank\">Somesh (@KayCapitals) on X</a></p><p><br></p><p><a href=\"https://whop.com/day-trading-lords/\" rel=\"noopener noreferrer\" target=\"_blank\">Join The Day Trading Lords Discord</a>&nbsp;</p><p><br></p><p><a href=\"https://kaycapitaluniversity.ck.page/74490bbc19\" rel=\"noopener noreferrer\" target=\"_blank\">Join The Daily Trading Newsletter</a>&nbsp;</p><p><br></p><p><br></p><p>If you enjoyed this episode of <strong>Trading Lords Podcast</strong>, then make sure to <strong>Rate, Review and Subscribe</strong> to our podcast. Your support keeps us going strong! </p>","author_name":"Somesh S"}