Conviction in markets is often misunderstood.
Most people think it means never selling — never changing your mind — never admitting a position evolved.
That’s not conviction.
That’s attachment.
This post is about what conviction actually looks like when probabilities shift, asymmetry compresses, and discipline matters more than ego.
It’s the third entry in Microcap Home Runs — a series focused not on market-cap labels, but on how real investors manage exposure through inflection points.
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