A good analogy that comes to mind is professional blackjack. If you wanted to become expert at playing blackjack you would be well advised to keep your risk as low as possible as you play until you learn the lessons that you need to learn and gain the experience that you are going to need to succeed. If you do not play small before you have mastered the game you could easily take yourself out of the game (and by game I mean career) before you have a chance to succeed.

The biggest black jack pro's count cards, so why not learn to count cards at a $1 or $3 table. Why would you want to start your "live play" on a $10 or $25 table when these larger bet tables can easily spell disaster for the inexperienced. The $1 table is the exact same game as the $25 table (provided the table rules and deck size are the same) so why not practice hard on the $1 table and keep your emotions out of the way until you can genuinely handle the risk of the $25 table? If you begin to feel the "greed demon" as you think about that question, crush it right away, it will only spell disaster for you. Just slowly work your way up to larger sizes and try to keep your stress level low, because it WILL cloud your judgment. You literally need to EARN the right to trade larger.

The simple truth is that the market pays you to be disciplined. It does not pay you for being a great person or for being a great speculator, it pays you for being disciplined. When I say disciplined, I mean being disciplined every day that you trade. Work out rules for yourself as you gain experience (or pick up a few from others that feel right) and stick to them. The market will reward you when you earn it.

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