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Wednesday, April 22, 2009

Money Management: Accuracy Rate and Psychology (VIDEO)

"Trading appears deceptively easy. When a beginner wins, he feels brilliant and invincible. Then he takes wild risks and loses everything" - Dr. Alexander Elder, from the book "Trading for a Living"

Although I have discussed Accuracy rates previously? I thought it best to examine them a bit differently, once again. How accuracy relates to your account size, and the psychological impact that accuracy rates have on your trading.

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click here to view the entry ...)

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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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