Wednesday, April 10, 2013

A little more introspection...

I spent most of today at home just meditating and going over past business plans.
Late last year I had a "eureka" moment when I realised that wealth could be generated through a higher frequency of trades while decreasing my risk. An overall trading strategy that generated 1000 trades per at 2% risk would generate greater wealth than a strategy with 100 trades at 5% risk.
Instead of concentrating my energy in being a "hero" and using ultra-aggressive money management, I think I need to return to basics, dot my i's and cross my t's. Let compounding do the heavy lifting as I originally planned, and redouble my efforts in finding ways to increase my frequency of trades.

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