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Was just talking to a few new traders some time ago, regarding money management principles. It's fascinating to watch new traders absolutely and positively reject anything having to do with money management principles. They nearly scream shreiking into the night, as if a cross, garlic and holy water was just thrown up in front of them. This was about 3 weeks ago. What do I know? I've only been trading for 12 years right? They've been in the markets a whole whopping 2 years.
One guys calls were on 100% this year - so his reasoning became "Well, I'll just hold onto my stocks (50% of his account equity), because I know they'll turn around". And of course, the market turned against him, and he just recently found out the markets rule: "The markets can remain irrational longer than you can remain solvent"
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