13. Understanding Downswings and Long Breakeven Stretches
Description
Patrick unpacks the true power of variance, exploring why downswings, breakeven stretches, and other extreme events aren't as rare as they seem. From selection bias to simulation data, he highlights how understanding variance can transform your mindset and bankroll management strategy. This deep dive into the realities of variance will help you stay focused, prepared, and resilient.
Mentioned in this episode
• Primedope Variance Calculator
• Selection Bias in Variance Calculations
• Beyond Downswings: Why Extended Breakeven Runs Are Inevitable
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