Money Management

SO guyss wanna save some money for your future so lets see some thing about money management...
You need to develop your own money management program for entering or exiting markets, sizing your positions, etc. based on the size of your account and your trading style, but here are some principles to guide you, listed in no particular order.

1. Bulls make a little. Bears make a little. Pigs get slaughtered.

2. Any fool can get into a market, but it's the real pros that know when to get out.

3. Use protective buy and sell stops.

4. Don't put all of your eggs in one basket.

5. Cut losses short. Let winners ride.

6. Only the markets know for sure.

7. Be humble.

8. On selling options, use caution.

9. Don't over-trade.

10. To succeed at trading markets, one must first survive at trading markets.

Taken from an extract I hope you liked it....