Monday, 23 September 2013

3M's - Method, Money, Mind (3)



Read? 3M's - Method, Money, Mind (2)


Money
 
over
 
Method
 
 
 
Method generally just provides you with your Entries and Exits. 
 
Even though most of your Entries and Exits are perfectly executed; it doesn't necessarily means that you are going to become rich in stocks. It may just be boosting your own ego!
 
 
Wait a minute!
 
How about becoming the next "Guru" conducting courses?
 
Surely all will be impressed with your near perfect Entries and Exits.
 
 
Money is more than just protecting profit and cutting losses.

The most important thing in Money is Position Sizing. This will determine whether you are going to become rich in stocks or not.

Your position sizing matters!

But, that will depend on your Account Size.

Now Your Account Size really matters!

Read? Your account size

 
It has never been easy to be right in stocks. But, when you are right; what have you?
 
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros



 
 
 
 
 
 
 
 
 
 
 
 

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