Fine-Tuning Your Money Management System by Bennett A. McDowell
ARTICLE SYNOPSIS ...Fine-Tuning Your Money Management System by Bennett A. McDowell
Acknowledge the risks in trading the markets by making sure
your money management system is sound.
When you hear of someone making a huge killing
in the market on a relatively small trading
account, more likely than not it was a fluke: The
trader was not using sound money management
techniques. The trader probably exposed
his trading account to obscene risk due to an abnormally large trade size. The trader may have just gotten
lucky and experienced a profit windfall. Trading like this
means it's just a matter of time before huge...