We managed to grab +23 pips this week.
Not bad at all, wasn't it guys??
Lets talk about money management now, specially for our "15 is the number" system.
Money management is very important, it will safe our neck for being cut off by the market crazy movements. These are mine:
1. I Never trade without Stop Loss and Target Price. It'll surely make me relaxed and confidence.Your brain will released some kind of chemical substance once you place this two friends of your immediately after you put your order, I turn off computer and go to work and get the result later that day.
2. I Never bear a grudge, that is the heaviest thing in life you can carry. I Do not double trade, to suffer some losses is part of our trade. There isnt such system that 100% win.
3. I Trade only 15% of money, risk only 4%.
I think thats it :)
If you have your personal money management, would you be kind to share it with us?
Showing posts with label Money management. Show all posts
Showing posts with label Money management. Show all posts
Sunday, December 9, 2007
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