With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?
Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.
True, the mindset of a rich man and a poor man are completely different when it comes to trading..first of all, you shouldn't even be trading if you are poor because i5 would make you too desperate and this can set you off balance as a trader...a poor trader puts in a small capital and uses a high lot size but a rich trader does the opposite of that and they have more positive results compared to the poor trader
The poor trader should learn more especially about risk management, because he wouldn't have the privileges the other trader has in the real trenches.
Leverage is a friend of a such a trader, to a degree, but only if the wisdom and a cool head is with him.
Trading capital wont matter much, it all depends or basing up on how you do able to sustain yourself towards the market. If you cant be able to find yourself that making up some good trading decisions then it will be able to affect out profitability. Everything will be depending on how well you do make out trades with this volatile space on which just like on what been said by most people on here that everything will be basing up on your skills and other factors on which you do need up to consider out. Mindset will be that only disrupted if you do find yourself that being emotional when it comes into this approach. There are just that those times that we cant be able to stop ourselves specially when we are losing money on which is normal but you should be that trying out to get rid with this one because it will be that the reason on why you cant make out such good decisions because you had been affected out by your emotions.
Doing trading or learning up such skills is never been easy and if you arent that good when it comes to self control specially with your emotion then it will be affecting out overall your mentality on which this is that very bad into your part. There's no way that you can avoid mistakes and errors on which this is just that very normal but as we do move forward then we do know on what trading skill is never been that easy and never been that simple but it doesnt mean that you cant be able to learn. It all matters about persistence and patience.