Thinking About Money?

Following on-from minimizing your exposure, we come to your relationship with money.

Whether we like it or not, money is highly prized in our soity. It’s important. And we attach a lot of feeling to it.

How then will you feel when you see hundreds of dollars(perhaps thousand, depending on your account size) go up in smoke in front of you?

The problem is, ”expenses” are part of the game. You have to lost some to win some more. There is no holy grail.

If you can’t change your relationship with money, then just don’t think about is. Focus instead on numbers.

Think “percentage of trading account”. Think “average risk-to-reward ratio”. Think “potential profit points versus maximum points risked”.

Concentrate on getting the numbers right and the money will take care of itself.

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The Moneymunch editorial staff is a team of experienced financial writers and analysts with over a decade of experience in the financial markets. They have previously contributed to popular financial blogs and newspapers, and are passionate about providing accurate and up-to-date information to help both investors and traders make informed decisions. Trust the Moneymunch editorial staff to provide reliable and effective financial advice that can help you achieve your financial goals.

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