Financial discipline and Money management technics.

#1
Hello friends

Please post your views on Financial discipline and Money management technics. I never seen CNBC or any other media focussing on this topic. I trust financial discipline play 70% of role in trading than levels or analysis. So started this thread please post how you people manage money in trading.

Personally I am positional trader, do hardly 5 to 6 trades in NIFTY options, in a month. I am happy with my way of trading. I go with 20000/- in a month. I use 10,000/- for first trade, if my capital erode in first trade, will go to next trade with remaining 10,000/-. If i fail in both the trades, i will keep quiet for that month. If i am successfull trader in a month, i use profit to trade on expiry day, the day i love to trade :).

Hope all will participate in this thread.

Thanks
 

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