The real problem of losers is not the amount of money, but overtrading and poor money management. No matter how much money he has, if he risks too much, no matter how perfect his trading system is, a period of wrong trading will always make him lose everything.
Amateur traders neither expect to fail nor are they prepared to manage these failed trades. Blaming their failures on insufficient capital gives them an excuse to avoid two painful facts: they do not have a realistic money management plan and lack self-discipline.
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Traders must control losses if they want to survive and thrive in the market. You can do this by trading only a small portion of your principal in each transaction and learning from every small loss.
