The cornerstone of the problems of new traders is the prejudice that “if I had more money” you would “magically” become a profitable trader right away. You feel disadvantaged and at a disadvantage, starting your career with a small deposit. But this feeling is just an illusion, because you are focused on the wrong things.

Here is the truth! If you do not know how to trade profitably with a small deposit, then you will not be successful in trading even with a lot of money. If you do not know what exactly to do, how to make transactions correctly, then you will simply lose more money faster than if you have a small account.

It’s an illusory feeling of advantage to have a large sum of money in your account. You probably think it will give you a “head start”, allow you to double your deposit in a short period of time, quit your job, change your life. Dreams are good, but you won’t be able to fly on their illusory wings, but you can hit the pavement in no time!

So you have a deposit of $100,000, but no trading experience, how will you manage it, how to trade? The probability of “draining” it in the first months is 50 to 1. You forget that experience and psychology solve the problem of the deposit, not its amount. It’s like filling a full tank of gas in an elite car and putting a newbie behind the wheel. And let him get to the finish line via a race track. The chances of survival will sharply tend to zero!

You need to change your thinking from “I want to make a lot of money right now” to “How can I make money?” Think about what you would trade if you had a large account, what would be the strategy, risks, algorithm. You will calculate the profit later. Your task is to develop an algorithm and a trading plan so as not to lose your small deposit. Make a transition in thinking from “money” to “process”. Focus on the trading process!

A sniper carefully selects a target, studies it thoroughly, patiently waits for the moment to shoot and hits the target with one movement. Stop trading everything in a row, it’s like shooting at the market with a machine gun. Pick a small number of liquid stocks and trade them, practice your strategy, hone your algorithm on them and comprehend the laws of the market.

Controlling your risks will keep your boat afloat in the stock market sea. Even on a large yacht, you study the maps, the dangers and do not go full speed into the reefs. Let’s get rid of the cliché – “the rich spend a lot and nothing bothers them!” Rich people always know their risks and how much it will cost them, which is why they preserve and increase their capital. Leave everything else to cinema and novels!

Emotion’s control

The trader’s greed has ruined him. Don’t try to win back every deal and “grab” more, “take the market players for a ride”. The wise say – “Don’t make important decisions when you are very happy or when you are sad”. The highest Zen for a trader is a neutral calm state like in meditation. It will provide you with a sober view of the market, an assessment of your mistakes and the effectiveness of your strategy.

Complete the mission

It is not the size of your account that matters, but your ability to use it. Of course, if you have a large deposit, you can trade in a larger volume. But if you do not know HOW to do it, then it is useless. Be in the moment of trading and the profit will find its way to you!