Synopsis E-book: Money Management Controlling Risk and Capturing Profits
Money management is the process of analyzing trades for risk and potential profits, determining how much risk, if any, is acceptable and managing a trade position (if taken) to control risk and maximize profitability. Many traders pay lip service to money management while spending the bulk of their time and energy trying to find the perfect (read: imaginary) trading system or entry method. But traders ignore money management at their own peril. The story of three not-so-wise men I know of one gentleman who invested about $5,000 on options on a hot stock. Each time the stock rose and the options neared expiration, he would pyramid his position, plowing his profits back into more options. His stake continued to grow so large that he quit his day job.
Preview Money Management Controlling Risk and Capturing Profits
Download E-book Money Management Controlling Risk and Capturing Profits
|FileName: Money Management Controlling Risk and Capturing Profits|
|Author: Dave Landry|
|Size: 502 kb||Remove!|