Come across this video which some may find useful to help with there bank managment - Why its so hard to get back to breakeven.
Excluding commison if you win 10% of you bank on your 1st trade then lose 10% on your next trade whats your overall position?
If you thought breakeven you will want to watch this
https://www.youtube.com/watch?v=n5z3_XwqK3s
Approach to bank management
He had an interesting statement on his PowerPoint presentation......It's harder to recover a loss than it is to make a loss
He's right. His video is all about money management and saving the bank, but his statistics show why so many people fall into the suicide trap of trying to recover losses with gambles
He's right. His video is all about money management and saving the bank, but his statistics show why so many people fall into the suicide trap of trying to recover losses with gambles
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bennyboy351
- Posts: 332
- Joined: Sat Jun 07, 2014 6:01 pm
- Location: West Midlands, England.
Hi there. Thanks for the link, I enjoyed the video - all the more because of the way the sub-title software made a real mess of understanding his accent! 