This in an excerpt from this book
Risk control techniques, and self control practices are two essentials that are vital for a successful stock trader. Once the trader gets aware of the formula to assess risks, then success is not far at all. To calculate the money management angles, the trader has to spend on third of the time in doing effective searches, studies and researching. Stocks may look highly attractive but the risks parameters may not suit the specific trader. The vice versa can also be true in some other cases. Analysis and resultant clarity are vital at that point of time to take right decisions.
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