Van Tharp:Money management
Perhaps the greatest secret to top trading and investingsuccess is appropriate money management. I call it a“secret” because few people seem to understand it,I including many people who’ve written books on the topic.Some people call it risk control, others call itdiversification, and still others call it how to “wisely” invest your money.However, the money management that is the key to top trading andinvesting simply refers to the algorithm that tells you “how much” withrespect to any particular position in the market.Rapidshare.
1 comment:
According to Dr. Van K Tharp trading is basically 60% psychological, 30% money management and 10% trading system. You will have to manage your money properly and invest in proper places if you want to make money and achieve financial freedom.
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