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This book, Money Management for Traders, will show you how to manage losing trades, resulting in greater profits at the end of the day. You’ll see how to cut the losers short and let the winners ride. And, when your plan is in place, you can sleep at night because you know your downside is protected. Which brings me to a personal story. In the beginning of my trading career, there was one AMAT trade that did keep me up at night. Let’s just say, it didn’t end well. That painful trade drove me to focus on how to never experience that again. I picked up every risk control book I could get my hands on, no matter the cost. Every day was dedicated to studying the methods and formulas in these books. Finally, what I needed to do became crystal clear. I never looked back. Because I use the methods, you’ll discover in the book you are reading now, that pain is a distant memory never to be repeated. My hope is that if you haven’t yet experienced the pain of a losing trade gone out of control, maybe this little book might save you from that nightmare. And, if you’ve already learned the hard way how powerful the financial markets can be, this book will show you simple strategies to protect yourself going forward. The moral of the story is that as traders we must learn to “save a penny” and control our downside which in the end is just as important (if not more important) than learning how to “earn a penny”. Let’s get started saving those pennies!