Agree. i think you should post it as an article. (blog)
I've been trading for over 10years now and have noticed that all starting traders want to triple their account every month, this is just not realistic in the long run without blowing up an account. If you want to trade as a career and earn a living from trading you have to manage risk first and understand that your best friend is compounding. if you make a steady 10% a month trading which is not that difficult (if you know what you are doing) that compounds to over 300% a year. so a 10k account can increase to over 30k in 1year and 98k in 2years.
There are many trade methods that have an edge and work- but most traders downfall remains greed- they want too much too quickly instead of grinding it out and compounding
Good idea, I will use it.
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I've been trading for over 10years now and have noticed that all starting traders want to triple their account every month, this is just not realistic in the long run without blowing up an account. If you want to trade as a career and earn a living from trading you have to manage risk first and understand that your best friend is compounding. if you make a steady 10% a month trading which is not that difficult (if you know what you are doing) that compounds to over 300% a year. so a 10k account can increase to over 30k in 1year and 98k in 2years.
There are many trade methods that have an edge and work- but most traders downfall remains greed- they want too much too quickly instead of grinding it out and compounding