Protect your portfolio: video discloses unbreakable rules
If you make a profit on every trade you make, skip this now. (But let me know how you do it!)
Why? Because most traders don’t. Even successful traders take losses.
Heck, even BILLIONAIRES take losses; like British billionaire Joseph Lewis, who lost nearly a billion dollars when Bear Stearns collapsed in March. Yes, you read that correctly — a billion.
So how can the average trader possibly trade successfully in today’s market? In two words:
Money management
This is a powerful and often overlooked aspect of trading. I’m not talking about budgeting for the house payment, or setting aside money for groceries. But in talking with a number of traders, I realized how many people didn’t get this concept.
So I found a raw, unedited video recently recorded where a 30 yr trading veteran reveals his top money management rules.
Incredibly, he found too many traders completely ignore the #1 rule. And if that ONE rule isn’t followed, you could:
- Poison your portfolio…
- Sabotage your trading strategy…
- Turn even the best trading method into a financial OIL SLICK…
He also divulges his second rule of money management. It’s too detailed to cover here, but if you don’t follow this rule, you may as well be writing blank checks to your broker (I’m sure he’ll appreciate that).
Take a few minutes to learn how these two rules can act to protect your portfolio’s value, almost automatically. It’s the best money you WON’T lose today.