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Wednesday, April 15, 2009

Money Management: Commissions (VIDEO)

"Advertising is 85% confusion and 15% commission" - Fred Allen

To date in the money management series, we have explored the founding principles of money management. Risk Analysis, Reward Analysis, Trade Management, Drawdown, Accuracy Rates and Performance Analysis. We talked about Strategies and the need to find an edge to the market, or a bias, and to massage that bias. Those principles are the foundation. There is much of those principles can be expanded upon, and there can be further discussion and explanations. These explanations will assist you to see more of the underlying strengths of the base principles.

In the previous entry, I discussed how important it is to consider the danger of overtrading, and how it relates to your account size with a given time period. In the following video, I discuss the enemy of the low funded trader and investor.


(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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