[It never hurts to start small] Let me ask you… If you can a | The Real Rayner Teo

[It never hurts to start small]

Let me ask you…

If you can afford to lose $10,000 without affecting your lifestyle, how much should you fund your trading account?

$10,000?

Wrong answer.

That’s because when you first start trading, your performance will be at its worst.

You’ll make trading mistakes, give in to your emotions, and do things that are detrimental to your account like averaging your losses, widening your stop loss, etc.

This means your $10,000 will not last long.

The solution?

Start with a small trading account.

This way, your mistakes won’t be costly and even if you lose it all, you have money to fund another account.

Because no matter what, you must pay tuition fees to the market.

The question is, do you want to pay more or less?