Money management overlaps with risk, trade, business and personal management, yet it has many aspects that make it distinctly different from all of these other areas of management.
Money management is usually not followed or is used only when things get real bad. Usually, it’s a bit too little too late unless you start from scratch including building up enough risk capital all over again.
Money management has some key aspects that in one way or another tends to have an influence on all aspects of trading. It also helps you to become a more consistent trader. Continue reading Key thoughts on money management in stock trading