Every experienced trader knows that profit has to be measured over a longer period of time, whereas, a novice trader believes that the bigger the trading account: the more money.
The fact of the matter is; if you don't know what you're doing then your account balance won't matter because you'll lose it all anyway. A good trader can make a big profit on any account whether big or small.
Trading can be quite tricky at times and you might find yourself wondering how you went wrong with the most basic of all things because you don't have the proper strategy in mind. Having a lot of money in hand and no trading experience is as good as having no money at all.
The problem lies with the trader themselves because of their approach towards trading. Consider yourself lucky if you don't have a large trading account at the beginning because it's better to make a loss of a few than of a lot.
Mindset
First and foremost; change your outlook of things. Think of 'how' rather than 'when', sooner isn't always better in these cases. Think about what you would've done had you had a larger trading account instead of 'if' you had a larger trading account so and so would've been easier.
You might think you're goal-oriented by wanting to make more money but it isn't about that, its about how you'll make that money.
- See more at: http://goo.gl/mnfUZ4
No comments:
Post a Comment