The money management skills greg outlines in this publication are NECESSARY if you want to be a successful trader. One strategy I've been experimenting with lately is to always have 10% capital reserves, and never put more than 35% of the remaining capital in a single position. In my opinion, coupling this with the money management skills greg outlines in this publication, puts you way ahead of other traders.
RE: The One Rule You Must Never Break When Trading Stocks. By Gregory Mannarino
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The One Rule You Must Never Break When Trading Stocks. By Gregory Mannarino
I appreciate you saying this. I think that the lack of basic money management skills is what puts most traders out of business.
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