It is my contention that the number one reason for failure is undercapitalization If you eliminate lack of discipline, fear, greed and all the other things they talk about on the psycho forum that leaves you with the problem of capitalization I bring it up because it keeps coming up on other threads, especially from people just starting out I hear, "If I can't make it with 5k, I won't do any better with 5m." I read all the books, "Only risk x% on any one trade." Ok, that takes care of that one trade, but what about thousands of trades over the course of the year? It's pretty simple for a scalper, but it gets more complicated if your strategy involves adding to positions or holding overnight. Any thoughts, ideas, or comments?