Fast Money Management!
Information about how to manage your finances easily and quickly.
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Money Management: Strategies
Posted on July 10th, 2010 11 commentsAirelonTrading asked:
The Blog Entry that Accompanies this Vlog is at: investorandtrader.blogspot.com My Daily Blog is at: investorandtrader.blogspot.com My channel at BlogTV is: www.blogtv.com There are other strategies that what I list in this video. They are applicable in any market. Be it the Forex markets, daytrading, the stock market, or the commodity futures market. But I urge you to look up different money management strategies, and pick on the fits YOUR risk tolerance (not other peoples risk tolerance, or my risk tolerance)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 12 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 risk tolerance. Included Music is by Paul Young. A personal friend and is not a part of any music license, recording label, etc
DeanDollar Blog Entry, Blogtv, Commodity Futures Market, Education, Financial Planner, Forex Markets, Initial Investment, Investment Adviser, Losses, Money Management Strategies, Music License, Personal Friend, Risk Tolerance, Stock Market, Vlog11 responses to “Money Management: Strategies”
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The downside there, is the account stops growing as quickly.
This is why some guys will take $15,000 trade it up to $100k, and then start over.
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AirelonTrading July 17th, 2010 at 00:51
It’s true, and there is an aspect there that I would like to talk abit about in the future.
There becomes a psychological barrier as the account grows from risking %’s, vs. risking $’s.
When the account grows by about 3000%?
Trust you me, it becomes difficult to risk the amount you should be risking. My mind just has a problem risking $5000 looking for $10,000.
My risk tolerance is such that I would rather be going for a 1k to 2k rr ratio
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AirelonTrading July 20th, 2010 at 06:52
If you just click on my name from YouTube, it will take you to my Channel Page.
From there, if you click on “See All” under the playlists, it will take you to all of my YouTube playlists. There is one for the Challenge Project.
Or, if you’re on my Daily Blog, click on the link that says “My YouTube Playlists”, and get to the “Challenge Project” from there.
It started out at the daily blog however.
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Mike3gdc July 20th, 2010 at 11:50
“MM is about accumulating wealth”you said somewhere…if we get this absolutly right ,and do it as Jewish does,counting pennies and preserving capital and all that you talked,
do nt you think we should plant and prepare a proper mind set for that sudden fat shift in a account from now? Naufel a 19 yrs old trader and millioner says ” First million is the hardest”!!can we talk about this dimension a bit?
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Mike3gdc July 21st, 2010 at 08:11
Thanks Dan for another great video
where can i get some more info reg your challange project.I am interested in being part of it…although I am heavely focussed on FX at the moment to raise some capital.but considering to get back to futures and stocks.
by the way,wouldnt you like to talk about “how can expand his capacity to handle large sudden profit? as you grow and master your MM ,your path to riches is pretty garanteed? you said you like talking so a food for its thought.!
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pisanghangus July 24th, 2010 at 19:54
you look like jim carrey
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newutubejunkie July 27th, 2010 at 04:55
I’m glad you’re just getting started. I hope to get to hear your opinions for quite some time to come.
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AirelonTrading July 28th, 2010 at 08:15
Ahhhh, Birmingham AL. I thought you meant Birmingham MI earlier.
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AirelonTrading July 30th, 2010 at 09:45
Not really. I mean, it could, but remember, I don’t try to predict. At this point, I’d wait to look at the markets reaction.
But at this point? My thoughts are that the risk has been adequately priced, and the credit lines for those that will survive this mess are intact. Now the market is trying to price in the loss we’re going to see in earnings.
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VivaMydick July 30th, 2010 at 16:58
Dan ,Ted spread is collapsing . Should we expect Dow Jones to end up higher this weak ?
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ohio1998 August 1st, 2010 at 20:41
Great work as always. Well, looks like I’ll be going to Lakeland, FL right down the road instead of Birmingham, AL. I’m bummed because Birmingham is really nice!
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AirelonTrading July 13th, 2010 at 14:19