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.
This will be the great success for him who will understand it and become better at it and will take more interest in it and will also be able to get more profit. For him his poverty will cause more pain. If he feels himself rich and work he can easy succeed in it and will never fail in it. If he look at his poverty he will always see his own loss.
This will not happen until a person has enough money to bear their loss or has spent enough time on it. It will be easier for them. In other words if the goal is to succeed they should keep quiet and work hard.