I have a friend who was married to the love of his life . They took their vows and there was a lot of fun fare at the wedding .
My friend promised her over 500,000 hectares of real estate because of his love for his wife . He loved her , spent on her , did everything.
No trader knows with certainty what will happen next.
What we can know is that based on similar conditions in the past there is a higher probability that one thing is more likely to happen and trade it.
Proper sizing helps protect capital if wrong and if right enjoy the ride.
@lovepierced@WisdomMatic Exactly ๐ฏ If he employs risk management and position sizing which I am very sure he did,then that calculation of capital growth % is wrong ๐
Taking the time to study and understand the various trading styles is a good starting point to determine the best approach for you.
Your risk tolerance, time commitment, and current knowledge are just a few things to consider.
In business:
You need capital.
You got expenses to cover.
You don't expect to succeed from day one.
You need some time before you make a profit.
Trading is a businessโso treat it as one.
@MrOdanz ๐ A lot of people are gambling ! Even the gambling self dem no still know how to do am .Learn how to trade / invest the market no dey run... Invest your time to learn first.