Trader Quote #3

Trader Quote

“Rule number one of investing is never lose money. Rule number two is never forget rule number 1” – Warren Buffet.

=== This is a classical quote for any trader with any level of experience or money. For me this quote means, that it is virtually impossible not to lose money, but it is in our hand to manage our risk and ‘how much we are willing to risk in order to find out if it works out’ or to put it in another way ‘if buyers or seller were in the market to push the price higher or lower’.   Capital preservation is at the highest rank of importance, it should always be our compass to future trading. D.F. ===
 
What do you think? Do you like to lose or win money? How do you relate to loosing money? What have been your experiences?


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