$BTC $BTC
Imagine
There are two traders, ๐๐จ๐ก๐ง and ๐๐๐ฅ๐ฅ๐ฒ.
Both of them start with an account of $1,000.
๐๐จ๐ก๐ง is an aggressive trader and he risks $250 on every trade (he might also jump out of a plane without checking if his parachute works).
๐๐๐ฅ๐ฅ๐ฒ is a conservative trader and he risks $20 on every trade (he might also have many insurance policies and wear a helmet while sleeping).
Both adopt a trading strategy that wins 50% of the time with an average risk to reward ratio of 1:2.
During the next 8 trades, the results are Lose Lose Lose Lose Win Win Win Win.
Here are the results for ๐๐จ๐ก๐ง:
-$250 -$250 -$250 -$250 = BLOWN UP
Here are the results for ๐๐๐ฅ๐ฅ๐ฒ:
-$20 -$20 -$20 -$20 +$40 +$40 +$40 +$40 = +$80
So hereโs the deal:
As a trader, you will experience losses regularly, guaranteed.
But with proper risk management, you can control these losses so that they feel like a "ant bite".