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Friday, November 7, 2008

Money Management: Reward Analysis

"A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them." - John C. Maxwell

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: Reward Analysis...

Everyone wants a profit when it comes to investing and trading. But to take a profit? You have to exit a trade. If it's an investment? Well, then you have to know when to start accepting dividends. When to start shredding profits.

When? Where? How?

We discuss that in the following vlog entry ...

(Video Included. If you're seeing this from Email subscription? Click Here to View the Video ...)



Tomorrow is the "Week in Review", and then on Monday, we will continue with "Trade Management"

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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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