by Larry Benedict
Casey Research
The most important concept in trading is something that’s totally lost on new traders.
It’s simple. But it’s directly at odds with the “fast cash” mindset that gets most people interested in trading to begin with.
You have to “earn your risk.”
Let me explain…
When folks are new to trading, they tend to look for ludicrous returns right out of the gate. They speculate on long-shot bets and blow away all their starting capital. (I did the same. More on that later…)