You hear stories of up to 90% of all new traders failing in their first year of
trading. The reason is that there are several critical areas in trading and you can't afford to be successful in mastering just one or two
areas, you have to master them all. Tom DAngelo, the creator of ManusRisco boils these areas down to a three legged stool with the legs of
methodology, psychology, and money management. If any one of the legs
fail, the stool falls over....the trader fails. 98% of the trading literature is on
methodology. There is relatively little information on money management although that leg is arguably the most important of the
three. Even with an identical win/loss record, one trader can make money and another lose money depending on their money management
skills.
I have likened ManusRisco to turning on a light in the darkened room of money
management. When you first see your trading results under the light of the reports and graphs in ManusRisco, it opens your eyes to a whole new dimension in your
trading. You see your trading results in the hard, cold light of
facts, which is the only way you want to see results when running a
business. ManusRisco analyzes your trades in areas such as drawdown
analysis, profit factor analysis, slippage, standard deviation
analysis, risk reward profiles and return on investment. It alerts you to areas of trading weakness and trading strengths and serves as an early warning
system, enabling you to make early adjustments if your trading results start heading in the wrong
direction. ManusRisco is part of my daily trading routine. Trading is a matter of having an
edge. ManusRisco is my edge in money management. I wouldn't trade without
it.
David Olson
Diamond Jaguar Trading
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One of the best things a trader
can do for himself is to keep a trading diary. ManusRisco
enables me to do that effortlessly. With ManusRisco, my trading
is much more organized and, as a result, my bottom line has
improved. Anyone who is serious about managing their trades
should use ManusRisco.
It has all positive benefits and
zero drawbacks. It can help you identify bad habits such as
failure to prepare, over trading and a host of other faults.
Trading is a lonely business! You are the “captain of your ship
and the master of your soul.” Self-evaluation through a daily
log using ManusRisco can go a long way toward insuring continued
success.
Guo Wang
tradehard at dancesuperb.com
