Trader Quote #25Posted: January 5, 2013
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