Risk vs Return
Focus more on risk than reward.
You have to focus more on your risk than your reward because you have to manage and contain your risk effectively on every trade, so that the money you have on the line does not make you emotional and you will naturally be more focused on the trading strategies since you won’t be worried about losing lot of money.
Know your risk tolerance and never go over it, to wrap this lesson.
The problem with the youngsters nowadays is that they need a lot of money through shortcuts not sink with the efforts that have taken, that is why they take more risk for higher returns & they do it, they don’t think what they have done.
Their greed is heavier on their mentality.
In next blog, we will discuss on the 3rd point.