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Money management


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#1 CLK

CLK

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Posted 25 April 2013 - 09:18 PM

What I have learned, is that you can lose a lot of money in commissions alone, and small losses when you cut in and out of a bunch of open positions trying to micromanage them. Best money management is to put a 5-10% position on with a small hedge and leave it alone for a month or until it turns a good profit or the hedge breaks even, or close. Trying this and adding that, before you know it you have half your money on the line and it is tough to back out of those without a serious drawdown.