• Kenny

There is no reward without risk

The greater the risk, the greater the reward.

There is no reward without risk. the greater the risk, the greater the reward. The problem with trading shares, CFDs, options, etc - is that once you start making buttloads of money, you begin to believe that you can do this full-time, and can make $1,000 or $2,000 over a couple of days or on the intra-day price movements.

The math starts going to crap when you pro-rate this over a 30-day (month) period by trivially and simplistically calculating 30 days x $1,000 = $30,000, implying a $30,000 per month income. And then you think “why am I working so hard?”. But the one thing you forget is that you can lose $30,000 a month just as easily and quickly.


Stay close to reality. Never take for granted the stability of your job or income that is hard-earned.

Tags

Pinned

Thursday, July 23, 2020

IB isn't only about late nights & number crunching, but also the toxic & condescending environment one has to put up for many years to come.

Sunday, October 18, 2020

In 1990, a psychologist quoted in the New York Times reported that people “turn on the TV when they feel sad, lonely, upset or worried,...

Wednesday, March 4, 2020

Money is the one thing that you can always replace any time or at some point of time in the future - money is just money.

Friday, August 2, 2019

More than three years since I started out, I discovered a new-found respect for the many areas of businesses which are presumably...

Saturday, July 4, 2020

There’s nothing you should regret in life - all the good things that you have today are a result of everything that has happened....

Sunday, July 26, 2020

Good investors are first and formost by nature: business people. They should be entrepreneurs, owners of businesses or have been placed...

Wednesday, December 31, 2003

Learning, knowledge and staying up to date with the news and what's going on in the world is your own personal responsibility. The same...

Connect

  • My LinkedIn Page
  • My Twitter
  • Instagram

More