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How's Your Money & Risk Management?

"In my opinion JBL RM is a top product that should be a mandatory tool for any trader or investor." 9 Aug 2014 7:45 PM

In his classic book ‘Trading for a Living’, Dr Alexander Elder wrote that successful traders need to master the 3 M’s: 

1)     Mind 

2)     Method and 

3)     Money and Risk Management 

Dr Elder likened it to a trading stool – all 3 legs need to be strong for the stool to stand and not fall over. 

We have featured several articles on Money & Risk Management in our weekly ‘Investing & Online Trading’ Report by Joseph Barrington-Lew, the creator of the popular JBL Risk Manager

This tool is designed to simplify your trading, save time & money, minimize losses & maximize your profits. It will automatically calculate your:

  • Trade Size
  • Stop Loss price
  • Trailing Stop
  • Break-even price and
  •  Much more, based on the last close.

Alternatively, you can also enter a Technical Stop (e.g. as selected using Jim Berg’s methods).

 Our thanks to Gavan Bethke in Yass, NSW who wrote this on 6 Aug 2014: 

 "I have been using the JBL Risk Manager (RM) for several years and recently updated to the latest version.  

I would not purchase a stock without entering the purchase details into the RM first.  It is invaluable for position sizing and money management.  

Similarly I maintain all sale details for each of my three portfolios using JBL RM.  

I have read many books on share trading, most of which contained some detail on how to manage risk. 

I am confident that by using JBL RM that I am undertaking the necessary management of risks associated with capital appropriation, open positions and sector constraints, with the added bonus of stop loss alerts.  

In my opinion JBL RM is a top product that should be a mandatory tool for any trader or investor.  I also use the Van Tharp Expectancy and SQL performance measures you have built into the product and these are excellent for monitoring that my trading system is continuing to perform well." 

For more info on the JBL Risk Manager and to start your Free 14 Day Trial Click Here Now==>

Jim Berg and John Atkinson are Authorised Representatives (AR Nos. 322724 and 1251439) and ShareTradingEducation™.com Pty Ltd (“STE”) is a Corporate Authorised Representative (CAR No. 322726) of Maven Capital Pty Ltd, Australian Financial Services Licence AFSL 418504. Examples from the Australian and USA markets are provided to demonstrate that Jim Berg’s principles may be used globally. This educational material is from an Australian source and complies with Australian law and not necessarily any other (local) law. Direct investing in the stock market can result in financial loss. STE products have been prepared for the general information of investors and do not take into account the investment objectives, financial situation and particular needs of any particular person. Persons intending to act on information in STE's products should seek professional advice to confirm that the investments or strategies mentioned are appropriate in the light of their particular investment needs, objectives and financial circumstances prior to taking any action. Refer also to the full Customer Caution Notice in our Terms and Conditions.