"If this trades doesn't go as planned, will I still be able to sleep at night?"
Many traders will never ask themselves the question above. If they do;
["] They will begin to trade with what they can afford to lose, which will likely not give them good profit.
- If they do, they will not trade everytime (over trading)
- If they do, some can avoid futures
- If they do, trading might be boring.
The set of people that doesn't ask the question are the set that thinks that gambling is just a 1 way thing. It's only the good side and quick money side.
A good trader who is a good risk manager will be successful on the long run.