During a workshop organized by Dr Tharp which I attended, he split us up into 10 groups of 3 each and had us play his Marble Game which he uses to teach the importance of Position Sizing. Each participant had to put up $100 with the winning team taking the whole pot
https://twitter.com/vantharp/status/1405193456541048833
The game had a positive Expectancy so logically every team should have made money. Yet after some 15 draws in the 20 draw game, all but 3 of the teams were eliminated as they lost all their money. Just before the 20th draw, 2 teams were neck and neck and one way behind
On the last draw, the 2 teams increased their position size in a desperate race to win but a 10x loser was drawn bankrupting both of them. The third team with a modest return won the game and pocketed the $3000
This is exactly what happens when you try to compete with the higher, often fake claims put up on social media. The path to Trading Success is by following a conservative Trading Style and practicing Sensible Position Sizing.
It's best to follow a Conservative methodology, practice Sensible Position Sizing and be satisfied with reasonable returns than to try to emulate unrealistic goals and go bankrupt
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