Hi,
I read "Market Wizards" a few days ago and noticed that many of the successful traders interviewed in the book started trading with relative high leverage and great amount of risk. I would like to start a discussion about that topic - do you think a trader should start with a small account and with a higher risk (of course, he may whipe his account several times) or is the key to success in a conservative style of trading? By that, I mean trading with reasonable Money Management rules and betting that your consistency will lead you to success in the future.
But maybe I'm wrong and traders in the 70thies/80thies were just crazy.
I read "Market Wizards" a few days ago and noticed that many of the successful traders interviewed in the book started trading with relative high leverage and great amount of risk. I would like to start a discussion about that topic - do you think a trader should start with a small account and with a higher risk (of course, he may whipe his account several times) or is the key to success in a conservative style of trading? By that, I mean trading with reasonable Money Management rules and betting that your consistency will lead you to success in the future.
But maybe I'm wrong and traders in the 70thies/80thies were just crazy.