Learn how to build a solid plan for making a lot of money here:
are no less important than trade entry and exit strategies, and should all be considered scientifically and thoroughly. If you get them right, then as long as you can maintain a trading edge , you have a solid blueprint for making a lot of money. You don’t need to pick spectacular trades to make a lot of money, you just need to keep consistently doing the right thing, and let the magic of compounded money management snowball the growth of your account equity.
Trader B feels much more relaxed than Trader A. She has $9,000 very safely parked in U.S. Treasury Bills, and has $1,000 in her new brokerage account. Even if she loses the entire account, at the end she would only have lost 10% of her investible wealth, which would not be fatal and could be recovered. It is drawdowns exceeding 20% that are a challenge to recover from. Trader B is more psychologically prepared for risk than Trader A is.
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