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Friday, January 9, 2009

Have a Plan for Profit (Risk Tolerance and Trade Management)

"It's difficult being young. But in this world, it's up to a man to watch his back. There's a lot of mad dogs around" - Dirk Struan, from James Clavell's "Tai-Pan"

Why is it, that people cannot separate generosity, and allowing a business to fail? Why is it, that people believe that to be 'kind', you need to support failing businesses no matter what? Why is it, that people believe that by supporting failing business, you are assisting the economy?

I talk about this, as well as a plan for YOUR profitability, in the following video ..

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

When it comes to data statistics? I do receive releases from BLS as the numbers are released. But honestly, I'm the kind of guy that would just rather listen to the actual number than reading through 10 pages of a report that seems to attempt to hide what the number actually is.

Here's the link to my BlogTV page ...

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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 13 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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