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RE: Well, Hot Damn, I Did My First Trade Today!
I'm not much of a trader, more of a gambler myself. And if I've learned anything from gambling over the years it's, "don't risk more than you're willing to lose". What that means is basically Bankroll Management. Risk small amounts to Win Big. That is the Goal. If you can't turn 0.001 BTC into 1 BTC trading.... then what makes you think you can turn 1 BTC into 1000 BTC? =)
People are impatient, risk too much and lose it all. Start small, get a solid foundation, and have fun!
Exactly right!
When I was kid, the adults liked to play Rummy for a half a cent a point. Small stakes usually, but occasionally someone would win/lose big (i.e. - a couple dollars instead of sixty cents.) My sis and I were allowed to play later on, when we understood that if you lose... you lose. You actually had to fork over the cash AND you didn't get it back when we were done! You also got to keep what you won, so no complaining. Good lessons, learned early and taken to heart have served me well over the years. It never hurts to be reminded of them. Thanks!