Money management is vital to trading success. Yet, most traders fail to realize the importance and implementation.
Money Management – Risk, Profit Targets and Rules
In this video, Gail shows you why money management, risk and profit targets are critical to your success as a trader. Using a simple spreadsheet she shows random trades with different risk and profit parameters and you can visually see how it affects your trading account. Gail also discusses why following the rules are important for measuring your success overall.
You will find these simple techniques can make a huge impact on your overall goal. Plus, Gail discusses why she uses a combination of the methods that she discusses to increase her profit potential.