don’t get high off your own supply - the first rule of money management

Trading successfully is about probability, not being right. Traders lose money on a regular basis.

Money management is an important strategy for minimizing loss and controlling risk. The first rule of money management is don’t trade the rent money. Or the grocery money.

I set up and funded a separate brokerage account specifically for short term trading. This is money I can afford to lose. When that account is empty, I’m done trading.

One Response to “don’t get high off your own supply - the first rule of money management”

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