Post
Topic
Board Trading Discussion
Re: Don't trade what you can't risk loosing
by
rose9696
on 14/04/2020, 16:30:51 UTC
If we want to succeed in trading, always follow the basic rules in trading. One of them uses capital that we can afford to lose.
Very true if you can't risk loosing better don't trade. Just hold all the capital you have, so the risk becomes very small. Even
though we know that trading can produce 1000x, but the risk is huge. Trading only for people who are ready to face risks,
such as professional traders who already understand the risks when trading.
Very few people actually follow that advice because as we know you need a significant amount of money as your starting capital because even if you are the best trader in the world if your capital is too small you will never make significant profits, so most people find themselves compelled to invest money in the market they cannot afford to lose thinking that making profits in the markets is going to be somewhat easy when we know that is not true at all.
I think that is the critical point that many traders lose a lot before making money. Why don't we start with small amounts of money to test our trading methods?
I know that with a small amount of capital, we will be discouraged in trading, because of the time we spend a lot but the return is very small. But it is a very necessary time to practice the patience and discipline of a successful trader in the future. Those who can patiently spend a lot of time on this will surely make a lot of money in the future.