Money management
How can you trade in control, relaxed, unemotionally, and with confidence? The simple answer is to develop a consistent money management strategy with a positive outcome. Time and time again, I have heard from winning traders that a mediocre system with good money management triumphs over a superior system with poor money management. Money management is the vital element required for success, yet so few traders concentrate on it.
What's the best money management strategy? I think the beginning trader is looking for the Holy Grail here, but if there is such a thing, I've not found it. Going in, I strive to risk only 5% of available equity on any one trade (striving to be as close to this number as possible, including fees and ...
Get Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets, Third Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
