ChrisEccles
Private, 1st Class
- Messages
- 47
It is theoretically possible to open a €2,000 mini account and become
a millionaire in twelve trades. Anyone with third-grade math can work
that one out.
-
The real world is a little different.
-
If you went to Catford and backed the winning dog in every race on
the card, you'd also be a millionaire, but if your Auntie had balls, she'd
be your Uncle. IF is the most dangerous word in the language.
-
Slow and steady compounding of a trading account is the ONLY way that
your wealth will remain commensurate with your skill. Unless you are a
complete moron, your skill will always become better, not worse, as you
explore and understand the effects of your mistakes. When I began with
my demo some eight months ago, my ability to place a successful trade
was abysmal. It is now, whilst nowhere near perfect, at least approaching
what could be called decent.
-
Losing trades must never, ever, threaten your equity. The whole "twelve
good positions in a row" school of thought keeps brokers rich and traders
destitute.
-
Chris
a millionaire in twelve trades. Anyone with third-grade math can work
that one out.
-
The real world is a little different.
-
If you went to Catford and backed the winning dog in every race on
the card, you'd also be a millionaire, but if your Auntie had balls, she'd
be your Uncle. IF is the most dangerous word in the language.
-
Slow and steady compounding of a trading account is the ONLY way that
your wealth will remain commensurate with your skill. Unless you are a
complete moron, your skill will always become better, not worse, as you
explore and understand the effects of your mistakes. When I began with
my demo some eight months ago, my ability to place a successful trade
was abysmal. It is now, whilst nowhere near perfect, at least approaching
what could be called decent.
-
Losing trades must never, ever, threaten your equity. The whole "twelve
good positions in a row" school of thought keeps brokers rich and traders
destitute.
-
Chris
