Money Management is the most ignored topic among newbie traders I guess, When someone starts trading they focus on trading systems, strategy, which gives results (80%, 90%) a holly grail indicator, the same did I but now I have come to the conclusion Money Management is the most important key to success in trading. One of my friend very often say " There should be money to manage it if you have a very little money what would you manage", but I think " One cannot succeed in market till he/she does not have great money management system" but the worst situation with me is I myself do not have MM plan. Very often I thought of contacting some members in this forum and ask them to teach me something about MM, but I was afraid if they hated this, but here in this thread I am begging please share the MM rules you, May be your post would enlighten a loosing trader and with your rules he/she would be successful.
I am hoping your ideas would completely change my trading results.
Happy Trading
I am hoping your ideas would completely change my trading results.
Happy Trading
What Money Management rules you follow
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