The Risk Takers Podcast A Sustainable Approach to Downswings (+RFQ IDs) | Ep 146
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Mar 11, 2026 They dig into the emotional reality of long losing stretches and how they change decision making. There is a deep debate about showing RFQ user IDs and how that shifts market behavior. Legal and industry news, market profiling tactics, automation impacts, and practical trading adjustments round out the conversation.
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SP's 2022 Downswing During Startup Legal Work
- SP recounts a brutal fall 2022 downswing while working on legal groundwork, where each bet felt like a loss and he joked 'is it illegal if all you do is just lose money'.
- The story highlights emotional strain when professional and startup costs collide.
Zoom Out To Deflate Short Term Volatility
- Zooming out your performance graph reduces emotional reactivity to short-term volatility.
- John Shilling suggests visualizing profits over a long horizon so weekly spikes vanish in the big-picture trend.
De Risk By Selling At Close When Appropriate
- Consider selling positions near close to de-risk when you believe close markets are efficient.
- John argues using exchanges and selling reduces variance and is now more viable thanks to modern tools and liquidity.