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Good money management skills are very important in trading
A good trading system or strategy is absolutely worthless without a method of managing your money. You like to trade stocks right? You like to make money in the markets right? Well, you will not have any money to trade with if you do not follow good money management practices!
Your #1 goal as a trader is to preserve your capital so that you can stay alive long enough to have some big winners that cover the costs of your losing trades AND make a profit. You accomplish this through a sound money management strategy.
Your #1 goal as a trader is to preserve your capital so that you can stay alive long enough to have some big winners that cover the costs of your losing trades AND make a profit. You accomplish this through a sound money management strategy.
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Good money management skills are very important in trading :: Comments
Thu 13 Jan 2011, 07:39 by Guest
pls read
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