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272: Erik Smolinski - Marine Corps Discipline Crushes the Markets
Chat With Traders
Trading with Small Accounts and Risk Management
Trading with a small account is unlikely to grow into significant wealth; it's essential to accept this and focus on other avenues for building future wealth, such as aggressive saving. Diversifying income sources and managing risk through different buckets can reduce the potential of losing a single income source. Additionally, having a high win rate in trading can lead to the disposition effect, which poses problems despite being sought after by many.
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