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Don't Trade Scared Money

 

No one ever made any money trading when it was to pay their bills at the end of each month. Having a definite monthly financial requirement could put you in trouble and can very quickly mess up all trading discipline, rules, objectives, and leads faster than you’d expect.

When you trade you need to take a reasonable amount of risks in order to get a good reward. It is very difficult to predict how and when the market gives up their profits, and it is therefore even more difficult to control it. You should never trade if you need money for your bills, and, don’t trade if your business and personal expenses aren’t covered by another income stream or bank account. Don’t make any swift decisions.



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