I'm going to take one last quick question here, and that is from Mohit again.

So I delayed your other question, Mohit, but you did come up with another one today,

which I'll just quickly ask.

He said, would it be possible for you and your guest to be talking about your worst trade ever

and when you're following the systems.

I wanted to hear about the psychology of going through an unprofitable decision.

So I think the answer will probably be relatively short from both of you.

So I wanted to see if we can also just provide a quick answer to Mohit since he has been

patiently waiting for another question he was

asking. So worst trade, Moritz, I mean, I know you probably don't think about it like that,

so maybe you can just quickly describe how that concept works.

Worst trades probably being the trades, where you don't follow the system, where we don't follow

the rules. We spoke about that, I think, in episode one or two where, you know, I remember saying that most of the time,

I don't follow the rules that doesn't end well, right?

There are exceptions to that, but certainly as far as trend following trading systems are concerned,

not following the roles in my case has led to bad performance.

So every time that happens, that's bad.

But apart from that, really, like, you know, sure, I mean, in that portfolio, there

have been trades that have lost a tremendous amount of money

is that a bad trade no well it's a trade that has lost money but yeah the trade was a good

trade to take at the outset when that signal was generated so it's um one of many, one of a very large sample size.

And that distribution of results includes trades which, you know, are painful and

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