If you're reading this, then you clearly have an interest in improving your trading returns. One of the surest ways to do that, is not so much by picking the right stock to invest in, but rather incorporating sound money management principals into your trading.
We recently had a MarketClub member on the Members Blog who was claiming that he had lost a tremendous amount of money using the Trade Triangles, trading in the FX market. Doing the math, I just couldn't figure out or understand how he could have lost the money he claimed he had lost. I thought that the matter was closed until one of our members came back with a reply. Frankly, it is a perfect reply and one that applies to everyone who has traded or is presently trading.
Here is the member's unedited response: Continue reading "Does money management trump stock picking?"