Many people always think they can't do well in trading because their capital is too small. In fact, it's quite the opposite. Those who truly know how to trade, capital is never a problem. Even a few thousand dollars can be gradually grown. Only those who don't know how to trade will desperately want more money, because subconsciously they think about holding positions. They need not efficiency, but tolerance for errors. The result is simple: the more money they have, the longer they can hold, and ultimately, the more thoroughly they blow up.
This market is originally a place where $1,000 can be used as $30,000. The 1:30 leverage is right there. If you're prepared with that much money, you're not really preparing for opportunities, but for prolonging mistakes. What truly needs preparation is never money, but cognition. Those who tell you to have off-site income, cash flow, and a good mindset, frankly, are not very clever. Essentially, they don't know how to trade either, and can only rely on external forces to stabilize themselves.
The wealthy don't trade, gamble, or start businesses; they never run out of money in their lifetime. People with insufficient cognition, no matter how much money they have, will never fill the gap. Trading has never been about having a lot of money to do well. If you don't know how, no amount of money is enough; if you do, you don't need much. So for those who know how to trade, leverage is a tool. For those who don't, leverage is just a button for liquidation.
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Many people always think they can't do well in trading because their capital is too small. In fact, it's quite the opposite. Those who truly know how to trade, capital is never a problem. Even a few thousand dollars can be gradually grown. Only those who don't know how to trade will desperately want more money, because subconsciously they think about holding positions. They need not efficiency, but tolerance for errors. The result is simple: the more money they have, the longer they can hold, and ultimately, the more thoroughly they blow up.
This market is originally a place where $1,000 can be used as $30,000. The 1:30 leverage is right there. If you're prepared with that much money, you're not really preparing for opportunities, but for prolonging mistakes. What truly needs preparation is never money, but cognition. Those who tell you to have off-site income, cash flow, and a good mindset, frankly, are not very clever. Essentially, they don't know how to trade either, and can only rely on external forces to stabilize themselves.
The wealthy don't trade, gamble, or start businesses; they never run out of money in their lifetime. People with insufficient cognition, no matter how much money they have, will never fill the gap. Trading has never been about having a lot of money to do well. If you don't know how, no amount of money is enough; if you do, you don't need much. So for those who know how to trade, leverage is a tool. For those who don't, leverage is just a button for liquidation.