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Money Management Articles


Goal Setting: An Essential Element if Consistent Profitability by Gabe Velazquez

Gabe discusses the importance of realistic and time-sensitive goal setting and having clearly defined benchmarks in your trading. These things will lead to having consistent profitability... READ MORE


From Small Beginnings to Great Endings by Bill Provenzano

I began working on the trading floor of the Chicago Mercantile Exchange in 1988. This was a job unlike anything you could imagine. Men and women wearing colorful jackets yelling at each other in trading pits created a constant low roar that filled the air. All the while hundreds of other young men and women dressed in yellow jackets, "runners", swarmed around the trading floor distributing buy and sell orders to brokers. They resembled worker bees delivering honey to the comb. I was among those worker bees as a runner, and I loved it... READ MORE


Jim Wyckoff's Top 10 Money Management Rules

1. Bulls make a little. Bears make a little. Pigs get slaughtered. In other words, do not be a greedy trader. If you are a bull, don't expect to get in at the bottom and out at the top. If you are a bear, don't expect to pick an exact market top and ride a market all the way down to the lowest low. Thinking otherwise allows the destructive "greed" emotion to take over. Greed has been the ruin of many traders… READ MORE