The Market Is designed against the Human Nature

And will bring out   and Test Your Weakest Emotions (Financially and Psychologically ) So that is the reason  we should have a good trading system and Money management rules for decision making . To develop a trading system You should study the charts over a period of at least 20 to 30 years of that particular Stock or commodity that will give you the confidence to act and make profits when you can see and   know for yourself why stocks should go Up or down – If you do this you will prepare yourself to act independently without anyone’s advice – because you will know from your study where the market is headed and thus you will act with confidence and not with the GUESS Work

Money Management is one of the most important aspects of

any trading system and the First defense from loss –And of any Trading system the main weapon to protect you from Disaster losses is STOP LOSS and placing a stop is an art – and explaining it is beyond the scope this article  - For Money Management You should Develop trading system which is tested  at least on  20 years of chart – If you don’t have any trading system or Money management that means you are weak in both the areas and will never have confidence in your Entry price , Exit Price cause you don’t have a plan to execute and thus you will act on your Human emotions (So that is the reason Trading is against the human nature and the Market is design to teach you to fail ) So its very crucial to have money management and trading plan into place Cause it will Remove the Subjectivity of the human condition  .

At last- If your not Ready to dedicate your time and energy in studying the Historical charts - then please don’t trade with your Impulsive emotions and Guess Work .

Have a safe Trading with ( logical Stop Loss) .