Whenever we enter into the trading/investment world; our soul aim is to make the most of the money in the minimum time and nothing is wrong in that. Stock market has always been the great symbol of one of two extreme as either huge wealth creation or broken dream with a burnt trading/investment account. Both the pictures do not reflect the reality at all. Because who come to this market with an attitude that whatever the condition will be but their first priority will be survival at any cost and if they will be able to survive then they will eventually make the money; have a very high ratio of success in the investment world. In the contrary who came to to the investment world as a high risk takers in order to make big money, thrown out of the market mostly in the first or second year of their endeavor.
So to be successful in the market, survival is important and to survive, you need to take care of your account with utmost respect and that is possible only by the mean of adequate risk. Because when you enter into a trade or investment, whatever is your premises that what money you will make in the coming days or week but the only reality is risk. Every trade had a risk to turn out as a looser irrespective of your well planned method or information. So take care of your risk very well whenever you making any trade. Don't risk substantial amount of your trading capital on a particular trade or investment because if it fails then it will broke not only your account but your spirit too. So take adequate risk as always because you are here not for a one or two trade but for at least more than 1000 trades in your lifetime.
So to be successful in the market, survival is important and to survive, you need to take care of your account with utmost respect and that is possible only by the mean of adequate risk. Because when you enter into a trade or investment, whatever is your premises that what money you will make in the coming days or week but the only reality is risk. Every trade had a risk to turn out as a looser irrespective of your well planned method or information. So take care of your risk very well whenever you making any trade. Don't risk substantial amount of your trading capital on a particular trade or investment because if it fails then it will broke not only your account but your spirit too. So take adequate risk as always because you are here not for a one or two trade but for at least more than 1000 trades in your lifetime.