Money Management is one of the most important aspects of trading. Many news traders ignore it only to take it seriously after blowing their accounts. In my opinion the most important aspect of trading is money management and risk management. Most traders take money management wrong. When we talk about making 500 pips or 1000 pips in a month, we are not talking right. Pips are meaningless. What we should be talking is the return that we are making daily, weekly or monthly. Without proper money management, you will often find yourself losing and wiping out the gains that you made in the last few days, weeks or the last month. So be very serious when it comes to money management.
What you need is a sound methodology for applying money management strategies. Download this Money Management Strategy Strategies For Serious Traders PDF FREE. In this Money Management Strategies For Serious Traders by David Stendahl, you will learn not only how much to risk but also how to evaluate the performance of your trading system. Once you have found a good trading system, you need to optimize it for maximum gain while at the same time lowering the risk per trade. This can only be done if you have a sound money management methodology. Money Management Strategies For Serious Traders PDF explains how you can improve the performance of your trading system using sound money management strategies. In this PDF, you will learn:
System Analysis: In this section, you will learn how to gauge the overall performance of a trading system.
Total Trade Analysis: In this section, you will learn how to evaluate the overall performance of a trading system by critiquing each trade in general from both optimistic as well as pessimistic perspective. This includes run up as well as the drawdown.
Total Trade Stability: In this section, you will learn how to graph the profit in $$ vs the total number for all trades.
Annual Trading Summary: In this section, you will learn how to determine the general overview of the systems trading performance. You will learn how to evaluate the trading system over different time periods in order to ensure its consistent performance.
Monthly Trading Summary: In this section, you will learn how to determine the performance of a trading system on a monthly perspective.
Equity Curve Analysis: Learning how to do the Equity Curve Analysis will provide valuable insight into the performance of your trading system.
If you are a serious trader and want to take up trading seriously no matter what market you trade, you should download this Money Management For Serious Traders PDF and go through it. You can keep it as a reference and use it again and again as you develop your trading skill.