Money Management

A beginning investor who takes money management lightly will be washed out of the market within weeks. Managing Your Money is THE most important thing for you to learn. It means the difference between success and failure.

YOUR #1 Objective is to live to TRADE ANOTHER DAY!

This sounds ridiculous, but poor money management will wash you out of the market irregardless of your win/loss ratio. It is how you manage those wins and how you manage those losses that will determine how long you participate in the market.

It is not only about learning HOW TO INVEST IN STOCKS...sure your Stock Investment Strategy is important and we will get to that, but for right now pause and ask yourself...

Why do I want to learn How to Invest in Stocks?

Here are some possibilities...

• You like to Gamble. The thought of placing a trade in the most competitive marketplace Excites you!
• You are tired of someone else losing your money. If you are going to lose money anyway, it might as well be you who loses it!
• You are tired of working for someone else and you want to quit your job tomorrow and start trading for a living!
• You watched the movie Wall Street and you want to be like Gordon Gekko!

If ANY of these describe you, DO NOT INVEST IN STOCKS!

You will be disappointed, and I can't help you. If you are coming from that place, your chances of success are very slim. Don't waste your money. You will not manage your money!

If on the other hand, you answered...

• You are intrigued by the movement of stocks and you want to learn more about them.
• You are disappointed in your investment performance and would like to learn how to manage your own portfolio.
• You have heard of rags-to-riches stories but understand the chances of winning the LOTTERY are not worth busting your account.
• You truly have a desire to learn how to invest in stocks and understand (or can accept) that MANAGING YOUR MONEY is critical to your success.

If these are a better description of your feelings...

YOU ARE READY TO FOR A STOCK MARKET EDUCATION!

If you are coming from this place, your chances of success are good. It is okay to risk some of your money, but FOLLOW MY GUIDLINES to improve your chances of success!

Stock-Market-for-Beginners.org will be your stock market guide. Before we get started with Money Management techniques, I need to make sure you understand...

HOW TO BUY STOCK is easy! MONEY MANAGEMENT is difficult!

I recommend that you spend more time truly understanding How to Manage Your Money BEFORE you start placing trades. Then, for at least the first 30 trades, return and review the entire section on managing your money before and after each trade.

This will help you keep the tips and techniques on the top of your mind where they should be always. Understand, with each trade you make, you are risking future dollars as well as present dollars.

See how trading losses really affect your future success.

Return From "Money Management" To "Home"