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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.

A Cognitive Self-Appraisal for Traders

  
  Education
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PATIENT . . . . . . . . . . IMPATIENT
FOCUSED . . . . . . . . . . DISTRACTED
OPEN-MINDED . . . . . . . . . . CLOSED-MINDED
PREPARED . . . . . . . . . . UNDER PREPARED
CLEAR HEADED . . . . . . . . . . CONFUSED
ALERT . . . . . . . . . . FATIGUED

Your mind, not your hardware or software, is your ultimate trading tool. The quality of your thought and perception will be reflected in the quality of the actions you take. 
And those are likely to affect the trades you take, how you take them, and whether you take them.

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