MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » Money & Risk Management

[Roswell]

Originally Posted by pinalli

Hi all,

An important aspect of trading is too keep money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested. You never invest more than 10% of your capital into any one position. You limit your loses to no more than 10% in any position.

I'm really feeling good to be a part of this discussion. Thanks a lot for providing such a valuable information. Hope u guys continue doing this...

[gturnwald]

You can ask the service of NO MARKETING NO HOTLINKS an expert in Bankruptcy.

[dazzler]

I would say that failure in anything means that you don't have enough knowledge and experience to be working on the field you are in. In trading, the traders who have lost money are those that took bigger risks than they should be and the ones who gambled. Some even admit that they have become addicted to it that sometimes its difficult to stop. We should realize that it is a business too and that we have to stay in control. Knowing the market is necessary to remain successful in the business. If you know how to manage your money, it will grow bigger, just like any business as well.

[tictactalk]

agree to all money management is very important never put all your fruits in one basket so you could save some if the other basket will be destroyed

[stevejade]

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[TheRealDenzel]

I agree with everyone's take. All traders will end up finding different strategies and plans that work them, but there are always some commonalities.

- Attack with a purpose. Have a well-defined plan.
- Risk what you are comfortable with. Don't get carried away.
- Keep emotion out of it!
- Last but not least, have DISCIPLINE

The important thing to aim for is consistency. It would be extremely hard to achieve without the things above.