How to Double or Triple my money?

[willoneau]

I found understanding risk and managing it has stopped me losing money, just need to improve my win/loss ratio

 

[Wysiwyg]

I found understanding risk and managing it has stopped me losing money, just need to improve my win/loss ratio

Or increase the amount you profit to the amount you lose. Been proven countless times that 40% win/60% loss is an overall win with trend trading. Swing trading may need a higher win rate.

 

[PinguPingu]

Doubling, tripling $100 has many people able to do. Increase that start amount to 10k and the number of people able to double / triple that amount drop off significantly. 100k fewer again. I think it has to do with increased mental/emotional attachment to the money and volumes traded. Understanding risk may help but the decision making process changes ... somehow.

As someone who is still working full time, and probably around the average income earner, this is something that really catches you off-guard. Its easy when your trading funds are at or below your wage, but when you've compounded it much higher and the swings are something like half your income for the year, you really need to focus on % rather than $ terms or you will psyche yourself out. I'm still struggling at the mental game here, especially when friends and family ask how you're going or friends are comparing how much they've saved/earned etc.

 

[Aussieper]

Newbie + Speculative: Man, this is for super hero like superman, spiderman, ironman, not for people like us.