Tuesday, August 4, 2009

You NEVER "Get Money Back"

RULE ONE - You never "get money back" from the market. If you have lost it, it is lost. You can earn money moving forward by proper trading, money management, etc.

But to ramp up leverage to try to get money back is not just poor trading, it is poor gambling. And after significant losses, is not when you ramp up to new levels of leverage. You might be able to "prove" that you were right all along, or you might find yourself in a world of hurt.

No comments:

Post a Comment

Insightful and Useful Comment!