21). You started small, right?
22). Ultimately, you’re staying consistently in the green, correct?
23). Then it’s time to scale up. Slowly does it.
24). Why the whole spiel about starting small? You make your biggest mistakes in the first seven years.
25). Hopefully, you don’t repeat a mistake once it has happened, and once you’ve learnt from it.
26). However, mistakes are good, because they teach you. Nothing else can teach you with incorporation into DNA. Mistakes can.
27). No university can teach you. No books. No professor. Play the market, make the mistake, and learn.
28). A big break early in the markets is a recipe for disaster. More likely than not, you’ll blow up later, when it matters.
29). The best possible way to scale up is using position-sizing as delineated by Dr. Van Tharp.
30). The good thing about position-sizing is that it makes you scale down, when trading corpus goes below par.
31). Day trading takes up the day. You’re exhausted and are not able to do much else.
32). Short-term trading also keeps you riveted to the terminal, mostly.
33). However, position trading and longer time frames keep you in the line for whatever else you wish to achieve.
34). Market TV makes it a video game. Switch it off.
35). Trading with targets caps big-win potential.
36). When you trade, you trade. You don’t invest.
37). Successful trading means buying high and selling higher, or…
38). …selling low and buying back lower…
39). …as opposed to successful investing, which is buying low, not selling for the longest time, and then selling for a multiple.
40). Read points 16 to 19 again.