How many investors spent enough time seriously thinking about Money Management strategies?
I believe most investors tend to spend more time thinking on Method and trying to improve it; but don't forget that Money Management is important too.
Read? Have you spend enough time thinking on your money management stratgeies?
Two of Jesse Livermore’s Money Management Rules
3) Keep cash in reserve.
The successful speculator must always have cash in reserve.. .for exactly the right moment. There is a never-ending stream of opportunities in the stock market and, if you miss a good opportunity, wait a little while, be patient, and another one will come along. J.P. reach for a trade, all the conditions for a good trade must be on your side. Remember, you do not have to be in the market all the time. The desire to always be in the game is one of the speculator’s ......
