As traders we need to discipline and follow rules. With out these in place we are prone to surprises that the market can spring on us. Understanding good money management skills is essential to being a successful trader.
Trading strategy lesson from Tony, aka @tradersmarts on twitter, with the benefits and drawbacks of scaling into trades, which Tony uses as part of his strategy in conjunction with his TraderSmarts levels for Dow Jones, S&P, Nasdaq, Euro (6E) and Gold futures.
