Incidentally, for those who do not yet have a proven plan; It's far more valuable to lose money trading a plan that doesn't work rather than trading with no plan at all. Losing consistently beats losing randomly every time because you have a constant which can be tweaked to profitability. Trade randomly and you are trading with raw luck (or lack there of).
3 comments:
Well said! I liked this gem the other day too, "It's really not about the money. It's all about the difference between taking risks and accepting them. Doing the former without the latter is financial suicide..."
Glad you liked it MBA :)
However, now it's time for me to actually put my money where my mouth is and practice that way of thinking everyday
For me, I work harder and harder at proving my plan so that I have less and less reason to be fearful of it. :) Lots of hard work, though. But it works with my personality.
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