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you trade well all day long and then you lose everything youamp;#39;d made with just a few bad traits if this sounds familiar then this video is for you because today i will tell you about five main principles of money management and risk management so letamp;#39;s get started life was like a box of chocolates you never know what youamp;#39;re gonna get number one you mustnamp;#39;t put all of your money into one trade i know itamp;#39;s obvious but i have to say it itamp;#39;s much better to open several different ones because itamp;#39;s not as hard on you when you lose only a part of your money so define how much you can afford losing with one trait usually psychologically speaking that would be about two percent of your deposit the second rule has to do with another aspect of a personamp;#39;s psyche and that being the desire to win the losses back when once had a string of bad luck a seasoned trader never gives way to emotions if trading starts be