We began our Money Management series with this article.
The “Money Management” playlist on YouTube can be found here.
We continue, from our last post on this topic that you can find here.
As we mentioned in the previous entry … it begins with risk. While we seek risk, we must look to limit our risk as much as possible. And that we must understand there are different forms of risk. What we mean, is that rather than ‘only the stock price moving against you’, other factors can negatively impact your bottom line, and cause you a loss.
This seems like common sense, yes? But for some reason many new investors and traders only focus on the reward. Or worse yet? We have noticed a tendency with new investors and traders to focus on other factors, which we discuss in the following public video in this series …
(After the following video, we continue the series of ‘Money Management’ in this next entry … )