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I'll keep reducing my trading size as long as I'm losing My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds.
Randy McKay
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Randy McKay
Age: 57
Born: 1967
Born: January 25
Ice Hockey Player
Montreal
Quebec
Hugh Randall McKay
Amount
Extremely
Approaching
Risk
Total
Funds
Alone
Technique
Techniques
Keep
Accounts
Trading
Money
Management
Reducing
Anything
Conservative
Long
Size
Fund
Never
Losing
Account
More quotes by Randy McKay
I basically learned that you must get out of your losses immediately. It's not merely a matter of how much you can afford to risk on a given trade, but you also have to consider how many potential future winners you might miss because of the effect of the larger loss on your mental attitude and trading size.
Randy McKay