You must minimize risks and keep your funds reserved for the few times when you can make big money in the short term.


Investing funds in suboptimal trades is something you cannot afford.
If you do so, by the time the opportunity to make big money in the short term arrives, you will already be exhausted and your funds depleted.
Even if you still have money to invest in trades at that time, the amount of capital you can deploy will be relatively small due to previous losses and drawdowns in other trades.
Good steel must be used on the blade.
— Richard Dennis
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