Advice on money management ?

Question

alot of you covers guys have great advice and insite and I really thank you all for your help.&#xD;&#xA;  Can any of you tell me what % of bankroll would you take for a position.   example...100K bankroll .how much would you put into a position and how many positions do you like to hold at a time?&#xD;&#xA; &#xD;&#xA;not for an IRA and not looking for funds.. and not using scared money..&#xD;&#xA; thanks for any advice

brooklyn1 · Answer

alot of you covers guys have great advice and insite and I really thank you all for your help.&#xD;&#xA;  Can any of you tell me what % of bankroll would you take for a position.   example...100K bankroll .how much would you put into a position and how many positions do you like to hold at a time?&#xD;&#xA; &#xD;&#xA;not for an IRA and not looking for funds.. and not using scared money..&#xD;&#xA; thanks for any advice

claycourtlesson · Answer

When "trading," the golden rules are to use stops, and make sure you can sleep at night.&#xD;&#xA; &#xD;&#xA;When "investing," the golden rules are to keep a long term outlook, and DO NOT get caught up in the TV crappola of second to second.

Advice on money management ?

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