Zap Seminar – Ryan Jones – Money Management I & II
Zap Seminar – Ryan Jones – Money Management I & II
We live in an age that is dominated by the “I know what I want and I want it now” attitude. It is a time of fast food and quick fixes. A time of self before everything and Me! Me! Me! A rat race of the lowest kind. Keeping up has never seemed more important-a mentality of getting rich quick at any cost. This attitude is also why many people are getting involved with the commodity and futures industry. Trading can be a powerful endeavor. On the other hand, it can also be financially crippling. Trading is a game of risk versus reward. It is also a game that is not forgiving of players who come in without learning the rules. For those with the “get rich quick” or “gotta have it now” mentality, failure is all but certain.
The failure rate of those who attempt to trade in the leveraged markets arena is somewhere around 90 percent. As far as I can tell, this means that 90 percent of those who begin trading stop showing a net loss. I have also been told that at any given time 90 percent of the open accounts show losses while only 10 percent of the accounts show profits. These statistics illustrate that getting rich quick in these markets is highly improbable. To make serious money in this environment, traders must manage their money. Unless sheer luck intervenes, no one will make a fortune in leveraged markets without proper money management strategy. This is the basis of this book.
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