Friday, March 13, 2015

100 Trading Quotes To Put Into Action And Change Your Life: Machiavelli On Risk Management



The greatest boxer of our time can't punch worth a lick. So why is Floyd Mayweather one of the greatest boxers of all time?

It is because he is a defensive prodigy. He protects himself. The man is a risk management wizard.

Even the most aggressive leaders understand that you can not go haphazardly into battle with your guns blazing. Before going on the offensive, you must protect yourself. Master strategist Niccolo Machiavelli gave us the following trading quote because he knew that the best offense is a great defense:

Men rise from one ambition to another: first they seek to secure themselves against attack, and then they attack others.

Machiavelli and Mayweather lived by these words, and so should a winning trader. As traders we must protect our capital from those trying as hard as they can to take it away from us.

How do we protect our trading capital? It's actually quite easy if you stick to these rules:

     Always enter a trade with a game plan. I know my entry level, target and stop before entering every trade.
 
     Adhere to strict risk management rules. The amount you risk should always give you a 1:2 ratio in relation to your potential gain.

     Religiously cut losses and let winners ride. Don't settle for small wins and big losses.

     Always seek value when entering a position. Do not chase entries and enter as close to support levels as possible.

     Never risk more than 2 percent of your account on any give trade. Go big or go home does not apply to traders.

When I analyze a setup, before I even consider the target and potential profit, I scrutinize how much I can lose. This is the opposite of what most amateur traders do, and is the biggest reason most traders lose money.

Never forget Machiavelli's trading quote: protect, then attack.

The 100 Quotes To Put Into Action and Change Your Life Series:

Quote 1: Nehru on Caution as Risk

Quote 2: Bruce Lee on Creating Opportunity

Follow me on twitter, bullsonwallstreet, subscribe to my youtube video channel, and never miss an article my entering your email here:
Enter your email address:


Delivered by FeedBurner

2 comments:

Anonymous said...

Hello Guys!! I'm Brenda I live in Ohio,USA. My husband and I are here to testify about how we used Dickson harry BLANK ATM CARD to make money and also have our own business today. Get your blank ATM card today and be among the lucky ones. The blank ATM card is capable of hacking into any ATM machine,anywhere in the world.It has really changed our life for good and now we can say we have enough money for our family and business. The card can withdraw maximum of $5,000 daily. We got it from him last week and now we have withdrawn about $120,000 for free,though it's illegal but it helps a lot and no one ever gets caught or traced.Dickson sent the card through DHL and we got it in three days. We are happy and grateful to Dickson because he changed our story all of a sudden. It also has a technique that makes it

impossible for the CCTV to detect you. The card works in all countries that is the good news email him now on dicksonharryblankatmharckers@gmail.com .....

WENDY CUTRONA said...

Welcome. BE NOT TROUBLED anymore. you’re at the right place. Nothing like having trustworthy hackers. have you lost money before or bitcoins and are looking for a hacker to get your money back? You should contact us right away. It's very affordable and we give guarantees to our clients. Our hacking services are as follows:Email:Creditcards.atm@gmail.com 
-hack into any kind of phone
_Increase Credit Scores
_western union, bitcoin and money gram hacking
_criminal records deletion_BLANK ATM/CREDIT CARDS
_Hacking of phones(that of your spouse, boss, friends, and see whatever is being discussed behind your back)
_Security system hacking...and so much more. Contact THEM now and get whatever you want at
Email:Creditcards.atm@gmail.com 

  Whats app:+1(305) 330-3282  

WHY WOULD YOU NEED TO HIRE A HACKER??:
There are so many Reasons why people need to hire a hacker, It might be to Hack a Websites to deface information, retrieve information, edit information or give you admin access.
• Some people might need us To Hack Their Target Smartphone so that they could get access to all activities on the phone like , text messages , call logs , Social media Apps and other information
• Some might need to Hack a Facebook , gmail, Instagram , twitter and other social media Accounts,
• Also Some Individuals might want to Track someone else's Location probably for investigation cases
• Some might need Us to Hack into Court's Database to Clear criminal records.
• However, Some People Might Have Lost So Much Funds With BINARY OPTIONS BROKERS or BTC MINING and wish to Recover Their Funds
• All these Are what we can get Done Asap With The Help Of Our Root Hack Tools, Special Hack Tools and Our Technical Hacking Strategies Which Surpasses All Other Hackers.

★ OUR SPECIAL SERVICES WE OFFER ARE:
* RECOVERY OF LOST FUNDS ON BINARY OPTIONS
* Credit Cards Loading ( USA Only )
* BANK Account Loading (USA Banks Only)

★ You can also contact us for other Cyber Attacks And Hijackings, we do All ★

★ CONTACTS:
* For Binary Options Recovery,feel free to contact (Creditcards.atm@gmail.com)for a wonderful job well done,stay safe.

Why waste your time waiting for a monthly salary. When you can make up to $3,000 in 5-7days from home,                     
Invest $300 and earn $3,000
Invest $500 and earn $5,000
Invest $600 and earn $6,000
Invest $700 and earn $7,000
Invest $800 and earn $8,000
Invest $900 and earn $9,000
Invest $1000 and earn $10,000

IT HAS BEEN TESTED AND TRUSTED