Comment on 10th Std Pass, Market Wizard from Thrissur

Nithin Kamath commented on 13 Jun 2014, 10:06 AM

Vipul, after having interacted with more than 100 consistent winners and over 1000 who have lost, the common theme that I have found across the winners is the low exposure of their networth for trading, like in Joby’s case only 1 to 3% of his liquid networth. One of the common reasons for people to blow out is that they bring in too much money on the table and hence are forced to put very tight stops and are trading with scared money, biggest reason for traders to loose money.

That is the reason I have highlighted this twice, even ending the post with: “Joby proves it can be done and I think a critical element to his success is also the fact that only a small portion of his networth is used for trading, that in itself is his risk/money management rule.”.

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