Managing finances and only investing the amount which we can afford to loose has been taught since ages but how many have followed this to be honest? Quite a few, and those few are not top traders amongst their circles.
If only people know how easy and simple is to follow this rule in trading, it will save alot of people that loss money to trading. The market has been bullish this year, even though some alts are not making good moves but I can say that I have acquired some good profit. There are some days that I do make loss but overall, my trading strategy has been good too me, I don't over trade and I don't use more than I can afford with a tight stop loss.
There is no perfect trading strategy, nor can we say that those who follow our works will also end with the same (good) results. Nothing…If we have found a strategy that works for us, we should continue using it rather than sharing it with others, as it will likely fail. Why? This is because we all have differences when it comes to decision-making.
I would also like to say that trading is not for impatient or greedy people. That is why it is never fit for everyone. Perhaps this is a reminder for those who want to become a trader. Trading is not all about money and strategy but also about behavior and mindset.