"Here's how individual trader and money manager goals differ," says Mr. Ruggiero and, "how the differences affect a key component: money management." He continues, "Although we can learn from professional money managers, as private traders, we should not fully emulate their approach to the markets." Recommending five distinct steps he feels benefit the individual trader, Mr. Ruggiero explains, "Allocate sufficient capital and understand risk tolerance, have a trading system or systems, develop a money management plan for increasing position size, know what happens when a five sigma event occurs, and set realistic goals for the account." Describing one fundamental difference between the money manager and the individual trader he says, "Fund managers and commodity trading advisors (CTAs) are different animals than individual traders. Clients view their positions as investing in the manager, not trading." Benefit from Mr. Ruggiero's insight by downloading a free copy of this enlightening article now ... download the eBook to read more
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