Trader Quote #25

Trader Quote #25

“More Money,  More Problems.”  Anonymous

==== We were discussing this quote my father & I at breakfast today and i just had to share it.  I have heard this one before and I was wondering what you think about it?

In my opinion, purely as a trader, I would say this is not always true. In my thinking, Less money  could as well be More Problems or another variant More Money , Less Problems. I guess it is all relative. Trading wise, it is widely know that if you can not trade with strategy and discipline $100 do not expect to do any better with $200, $1000, $10,000 or $1,000,000. If you don’t believe me ask those millionaires, billionaires who have lost it all. Right now, im thinking about Long-Term Capital Management (LTCM) where two Nobel – prize winners & a financial wizard brought the company down to bankruptcy. So, in a way more money doesn’t precisely mean  more money.

I could go on & on with this but I want to wrap up for today saying this : learn to manage small , grow small then replicate it in incrementally bigger volumes.

What do you think? Do you agree with this saying? what has been your experience? would love to here from you

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