Risk
most worthwhile things in life involve some amount of risk...from trivial things like crossing the road, to starting a relationship, and trading in the markets.
wherever there is risk, there is also often a reward...sometimes its emotional satisfaction, or a goal achieved, or a physical reward.
in trading, if we wish to be successful, we must always remember the goal is to make money in the long run. we can only do this by sticking to a realistic plan.
the purpose of the plan is to minimise risk and maximise the financial reward.
the reward must be financial, if you are after thrills or excitement, or other emotional reward, make sure you get that from some other aspect of your life.
i like to focus on managing risk, and the rewards take care of themselves. hence my name "risk".
risk management is money management.
wherever there is risk, there is also often a reward...sometimes its emotional satisfaction, or a goal achieved, or a physical reward.
in trading, if we wish to be successful, we must always remember the goal is to make money in the long run. we can only do this by sticking to a realistic plan.
the purpose of the plan is to minimise risk and maximise the financial reward.
the reward must be financial, if you are after thrills or excitement, or other emotional reward, make sure you get that from some other aspect of your life.
i like to focus on managing risk, and the rewards take care of themselves. hence my name "risk".
risk management is money management.
posted at: 8:00 am
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