Managing Money to Stay in the Market
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.
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.
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.
Money management in trading involves specialized techniques combined with your own personal judgment. Failure to adhere to a sound money management program can leave you subject to a deadly “Risk-Of-Ruin” exposure and most probable equity bust. With this in mind, here are a few essential money management techniques that can make a big difference for …
Bennett McDowell Implementing sound money management encompasses many techniques and skills intertwined by the trader’s judgment. All three of these ingredients must be in place before the trader is said to be using a money management program along with their trading. Failure to implement a good money management program will leave the trader subject to …