What size bankroll do I need to start with?
I get this question a lot, here's what I think...
Start with what you can afford to lose, when you start you are going to make mistakes and lose money.
It's just a fact.
So why would you want to start with a large bankroll? When you are new at it?
Start with a small bank, then small mistakes lead to small losses.
Bigger banks = bigger losses.
Which is okay when you are ready for that. Of which when you are new you are not.
I know why people want to start with more: to make more.
You will never make more if you try to run before you can walk.
What you need to do here is learn:
How the markets work.
Learn how you handle the ups and downs of trading.
Build a system to allow you to succeed.
Then as you get better your bank steadily grows.
If you take anything from this let it be this:
Go SLOW to go FAST.
How much did you start with? |