Comment on 10th Std Pass, Market Wizard from Thrissur

Nithin Kamath commented on 24 Aug 2015, 09:42 AM

Hi Rajiv,

I was just writing this for an article:
I can tell with experience of interacting with thousands of traders in the last 17 years that the real difference that sets a consistent winning trader apart from those who don’t is the way he/she manages risk. There is a saying in the market that, “it is tough to profit from scared money”. Scared money is when your positions are big enough to cause your heart take over the decision making from your brains. So everything said and done, the lesser capital you risk on a single trade, the higher the chance of profiting from it.

I’d tell you to take it easy, if you want to take trading as a career, you need to be able to stay profitable. If you don’t have that track record, it will be tough to convince others to take a bet on you.

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