Post
Topic
Board Trading Discussion
Re: The sole difference is capital.
by
Mpamaegbu
on 10/10/2022, 14:03:35 UTC
When it comes to trading, capital makes the difference. For it hits me hard to know that same energy and technicality put in making about $500 is also synonymous to making a million dollars or more in trading.
In as much as I concur that capital is necessary in trading, I want to disabuse your mind that it's the ultimate requirement when it comes to being a successful trader. No, it's not. To be a successful and profitable trader what is required is the set skills for trading. One can build on small capital if one has the set skills. It may take time to build, depending on what capital one has but one can't build on a capital without having the set skills. It will only take a few losing trades to ground one. One can get a few wins momentarily because of the huge capital one has but any mistake that throws one into loss will demoralize one and that's where the losing streak comes in because one would be at a lost as to what to do again.