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Good Money Management Is The Key

  
  Education
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You can give anyone the best tools in the world and if they don’t use them with good money management, they will not make money in the markets….
We’re convinced that a person could make a profit simply by buying and selling the markets according to the dart board if they followed all the right things as far as money management is concerned.

Traders and investors spend all their time in search of the ultimate trading method. They have no clue that the road to stock market riches ultimately lies in sound money management.

Dangers in Trading caused by Human Nature

  
  Education
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human-natureFear: fearful of profit and one acts too soon.
Hope: hope for a change in the forces against one.
Lack of confidence in ones own judgment.
Never cease to do your own thinking.
A man must not swear eternal allegiance to either the bear or bull side.
The individual fails to stick to facts!
People believe what it pleases them to believe.

Practice Trading As A Game, But Trade To Win

  
  Education
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When you are developing your trading skills and trading mindset have fun at it, and treat it like a game. Develop a stress free environment where practicing and learning are fun. This is where “Paper Trading” can help you. “Paper Trading” is a great way to practice your trading in a stress free environment where you can have fun while learning and improving. When you ready to trade with real money, trade to win! Be relaxed yet focused. Don’t get too serious or you will lose your edge and become uptight and stressed. Instead flow with the markets but make no mistake about it, you are there to win! The Navy Seals have a great saying, “It Pays To Be A Winner!”, and “Second Place Is First Loser!”, and this is true for trading as well.

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