by Ann C. Logue, author, Day Trading for Dummies (second edition, Wiley 2011) Traders love military metaphors: they keep copies of “Art of War” on their bookshelves and talk about attacking the market. And, they need to keep some powder dry. You can’t trade if you don’t have money. Margin will only get you so … Read more
By Michael J. Carr, CMT Blackjack players at a casino will spend a lot of time deciding how much to bet on each hand. At least the serious ones do. Often, they even have a system. Traders may be surprised to realize they might not be as well prepared as savvy card players. Position sizing, … Read more
Jeff Quinto presentation on money management in trading. In this exciting presentation, Jeff shows you how he and other successful floor traders learned to handle the money in their trading account.