Risk only what you can afford to lose
Ensure that the money in your trading account is truly expendable before you start trading with real cash. The trader should keep saving until it is.
A trading account should not be used to pay for the kids' college tuition or the mortgage. Traders should never think they are simply taking money from other important obligations.
It is traumatic enough to lose money. It is even more so if it is capital that should never have been risked in the first place.
A trading account should not be used to pay for the kids' college tuition or the mortgage. Traders should never think they are simply taking money from other important obligations.
It is traumatic enough to lose money. It is even more so if it is capital that should never have been risked in the first place.
Dec 27, 2021 04:36