Customer Quote by Michael Covel
“Your trading needs to boil down to rules, money management, and that is it.”
About This Quote
Trading success depends solely on clear rules and disciplined money management.
In simple terms: Trading = rules + money management.
Key Takeaway
Follow strict rules and manage risk.
Themes
finance
discipline
risk management
Mood
analytical
pragmatic
Type
practical
educational
When to use this quote
- stock trading
- forex
- options investing
Key Concepts
strategy
behavioral economics
Questions to Reflect On
- How do you test your trading rules?
- What risk controls do you use?
A Different Perspective
Markets can be unpredictable despite rules.
![“Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to [money management]; for. ... want of attention to pecuniary matters ... has impeded the progress of science and of genius itself.” quote by William Cobbett](https://sms4smile.com/quotes/img-quotes/91d/william-cobbett-8980_accounts_be-you-in-what-line-of-life-you-may-it-w_1204629.jpg)
