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Corey aka (lescor):
Trade SMALL until you've established that you have a real edge, then size up slowly. The thing that kills new guys is they come in and start trading 1000 shares at a time and blow through their money way too quick. I think almost anyone can make it in trading IF they can survive the learning curve. You have to nurse your capital along through that process, and it can be a long one.
Trade SMALL until you've established that you have a real edge, then size up slowly. The thing that kills new guys is they come in and start trading 1000 shares at a time and blow through their money way too quick. I think almost anyone can make it in trading IF they can survive the learning curve. You have to nurse your capital along through that process, and it can be a long one.
Which ties in with the saying that is at the basis of everything I do:
The three goals of trading in order of importance:
1. Preserve your capital
2. Earn consistent returns
3. Earn large returns
You cannot skip any steps. Newbies always want to go straight to step 3.
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