by: Robert Deel
The author explores a new approach to money management he calls DDRL, for "Direction, discipline, risk, and leverage," that can help determine where your trading strengths and weaknesses lie.
As you sit looking at the monitor, eyes transfixed on the screen, you keep going over in your head all the analysis that led to the decision to buy. Your heart begins to pound as you reach for the mouse. You pause for one last look at the chart before committing to the trade. With a push of the button you are in, and then suddenly it hits you, the one thing you forgot. How could you have overlooked it? Money management and an analysis of your individual direction, discipline, risk, and leverage equation: the DDRL©.
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