There are old traders and there are bold traders, but there are very few old, bold traders. This saying highlights the importance of caution and risk management in trading. While bold traders may take large risks for potentially high rewards, this aggressive approach often leads to significant losses and short-lived careers. On the other hand, experienced traders who survive in the long term tend to adopt a more cautious and calculated strategy, prioritizing steady growth and preservation of capital over risky gambles.
The Wisdom in Cautious Trading
