What type of trader has better chances to gain a fortune? a) all-in / risk all for the hope of wining the million in one wining trade out of 99 losing trades
b) steady small growth of 0.1% each day, planing each step of the trip to 1M$
Proper Risk management can save you - the weaker you are in predicting trends, the higher the ratio if reward to risk must be.
There is nobody that can predict the market with total accuracy; if there was one, nobody would win, nobody would loose. Therefore, instead of trying to beat the market, you'd better focus on losing less than you earn!
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