Sentences with phrase «mistakes on a small account»

You should actually consider yourself lucky if you don't have a large trading account right now, because it's better to learn and make mistakes on a small account than on a big one where there's potential for greater financial and emotional loss / stress.

Not exact matches

So, while this method of money management will allow you to risk small amounts on each trade, and therefore theoretically limit your emotional trading mistakes, most people simply do not have the patience to risk 1 or 2 % per trade on their relatively small trading accounts, it will eventually lead to over-trading which is about the worst thing you can do for your bottom line.

Whatever you do, do not get greedy and trade too large or over-leverage on a smaller account, this is a common emotional trading mistake and it will kill your trading account faster than you think and greatly inhibit your chances of becoming a successful trader.