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Wednesday, November 12, 2008

Money Management: Accuracy Rate

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

As I mentioned the other day here on the blog? YouTube contacted me, after blocking one of my money management videos. I was under the impression that I was allowed to use under 30 seconds of any song, under the 'fair use' clause. Well, YouTube disagrees. I did not store those videos anywhere else; such as at Google Video, Metacafe, etc. Therefore, I will re-do these very important videos. At the same time? I get to improve the video quality. If you have not seen them yet? This is the most important series of videos that I ever made.

So here is a repeat of the Money Management Video: Accuracy Rate...

Whether you trade the Forex, Commodity Futures, Day trade, or play just a bit in the stock market - you without a doubt have heard all about "Accuracy Rates". Just do a Google search. Seriously. Search for "Highly Accurate Trading" and see what pops up. All sorts of promises.

Although Accuracy is highly over-rated, and misunderstood? In this entry, we discuss that properly understanding your accuracy rate is vital to your overall Money Management Strategy ....

(Video Included. If you're seeing this from Email subscription? Click on the Title Link in the Email to View the Video ...)

Next in the "Money Management Series" we will next discuss how to put this all together with "Performance Analysis" ...

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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