Overleveraging, trading with “scared money” is not sustainable and will cause you to lose your money faster than playing the craps tables in Vegas. Entrepreneurs like Thomas Edison, Donald Trump and Steve Jobs will often say fail fast and fail often, I’d like to add that in trading, you must fail small.
Tag Archives: Account Size
If you have $10,000 to put towards your trading account, don’t waste your time. As a matter of fact if you have $15,000 or even $25,000 in your trading account, don’t waste your time. That is, don’t waste your time with careless mistakes because every trade counts.