Traders Toolbox: Money Management Part 4 of 4 Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

---

"This is the final portion of the Trader’s Toolbox: Money Management series. This post will recap the 5 main rules discussed. If you missed our previous post please click here for : Part 1Part 2 or Part 3.

♦ Setting a goal - Decide what your trading objective is (quick profit and steady return) as well as your risk tolerance level

♦Diversification - If possible, allocate your finances between different products to avert the danger of getting wiped out in a single market. Don’t go overboard, though; think in terms of three to five unrelated instruments. Stick to markets you know, rather than risking the unknown for the sake of diversification...."

Revisit the Trader's Toolbox Post: "Money Management Part 4 of 4" here.

Saturday Success Story - Ronald, California

At MarketClub, our mission is to help you become a better trader. Our passion is creating superior tradingtools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.

Here is one of our member's story...

"I was so pleased to be given the opportunity to tell how MarketClub has changed my trading. I started following MarketClub about a year now, and I’m following the Trade Triangles with great success to say the least. I noticed that if I get a signal from the daily and enter on either a stop order or on the market open on the next day and stayed with the trade till the daily triangle signal tells me to exit the trade, most of trades have been winning trades. My profits range between $5,000 dollars (lowest month) to $13,000 dollars (best month). Also they added a new Alert feature, and it’s outstanding, giving traders a hands on alert to when a profit target or stop placement have been hit (not having to wait until end of day to find out.) In closing, I would like to say that I’m very happy to be a member of MarketClub and look forward to many years of profitable trading with Trade Triangles." ~ Ronald H., California

To send your own success story, please email

bl**@in*.com











. We wish all of our members the best and we look forward to hearing your success story.

Traders Toolbox: Money Management Part 3 of 4 Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

---

Money Management Part 3 of 4

"Crucial but often overlooked, money management practices can mean the difference between winning and losing in the market.-Placing Stop Order- It’s helpful to think of these by their more formal name, stop-loss orders, because that is what they are designed to do – stop the loss of money. Stop orders are offsetting orders placed away from the market to liquidate losing positions before they become unsustainable.

Placing stop orders is more of an art than a science, but adhering to money management rules can optimize their effectiveness. Stops can be placed using a number of different approaches; by determining the exact dollar amount a trader wishes to risk on a single trade; as a percentage of total equity; or by applying technical indicators..."

Revisit the Trader's Toolbox Post: "Money Management Part 3 of 4" here.

Saturday Success Story - John, Idaho

At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.

Here's great news from a member...

"Since joining MarketClub in February 2009, my confidence in placing trades has greatly increased. The trending tool is the best I have seen and puts you on the right side of the trade in any market. My winners have greatly out-numbered my losers, and to quote an old cliche, "its like taking candy from a baby." Trading has never been easier for me, MarketClub's Trade Triangle Technology, coupled with their Smart Scan feature and Talking Charts instantly identifies your next picks in your price range. I especially like the daily blogs that analyze markets that are about to move. Because of my success, two of my friends have already joined MarketClub. If your considering trading in any market i.e. equities, futures, indexes, currency etc., or learning about trading, I would strongly recommend joining MarketClub for the following reasons: the price is right; success will be easier to obtain; research time is reduced, and my experience with MarketClub has been positive, profitable and less stressful. I truly believe that Market Club has your best interest at heart and wants you to succeed as a trader. In my opinion, if your doing any trading its the place to be." ~ John T., Idaho

To send your own success story, please email

bl**@in*.com











. We wish all of our members the best and we look forward to hearing your success story.

Traders Toolbox: Money Management Part 2 of 4 Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

---

Money Management

"Crucial but often overlooked, money management practices can mean the difference between winning and losing in the markets.
-Amount Of Money To Risk- It’s difficult to come up with hard and fast money to risk on different markets and trades. For our purpose, though, it’s best to think conservatively. Although some studies suggest initially allocating equity in broad terms of original margin (40% to 50% of total equity committed to the markets at a given time in the form of original margin, 15% to a particular market, 5% to a single trade, etc.), many traders consider these percentages too high, and do not consider the market to be a accurate measure of risk or a sound basis on which to allocate funds, because a trader can always, technically, lose more than the margin amount. These traders find it more beneficial to think in terms of the actual money amount they are willing to lose on any particular trade or trades, determined by their stop level or through some other calculation..."

Revisit the Trader's Toolbox Post: "Money Management Part 2 of 4" here.