The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

If you can't take a small loss, sooner or later you will take the mother of all losses.

If you can't measure it, you probably can't manage it Things you measure tend to improve.

Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.

To avoid whipsaw losses, stop trading.

The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.