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  • đź“‹ChartSchool
  • Table of Contents
    • Overview
      • Why Analyze Securities?
      • Technical Analysis
      • Fundamental Analysis
      • Random Walk vs. Non-Random Walk
      • Asset Allocation and Diversification
      • John Murphy's 10 Laws of Technical Trading
      • John Murphy's "Charting Made Easy" eBook
      • Technical Analysis 101
        • TA 101 – Part 1
        • TA 101 – Part 2
        • TA 101 – Part 3
        • TA 101 – Part 4
        • TA 101 – Part 5
        • TA 101 – Part 6
        • TA 101 – Part 7
        • TA 101 – Part 8
        • TA 101 – Part 9
        • TA 101 – Part 10
        • TA 101 – Part 11
        • TA 101 – Part 12
        • TA 101 – Part 13
        • TA 101 – Part 14
        • TA 101 – Part 15
        • TA 101 – Part 16
        • TA 101 – Part 17
      • Irrational Exuberance
      • Cognitive Biases
      • Arthur Hill on Goals, Style and Strategy
      • Arthur Hill on Moving Average Crossovers
      • Multicollinearity
      • "The Trader's Journal" by Gatis Roze
        • Stage 1: Money Management
        • Stage 2: Business of Investing
        • Stage 3: The Investor Self
        • Stage 4: Market Analysis
        • Stage 5: Routines
        • Stage 6: Stalking Your Trade
        • Stage 7: Buying
        • Stage 8: Monitoring Your Investments
        • Stage 9: Selling
        • Stage 10: Re-Examine, Refine, Re-Enhance
        • Additional Reading
      • Bob Farrell's 10 Rules
      • Richard Rhodes' Trading Rules
      • Donchian Trading Guidelines
      • Why and How To Use Correlation
    • Chart Analysis
      • What Are Charts?
      • Support & Resistance
      • Trend Lines
      • Gaps and Gap Analysis
      • Introduction to Chart Patterns
      • Chart Patterns
        • Broadening Top or Megaphone Top
        • Double Top Reversal
        • Double Bottom Reversal
        • Head and Shoulders Top
        • Head and Shoulders Bottom
        • Falling Wedge
        • Rising Wedge
        • Rounding Bottom
        • Triple Top Reversal
        • Triple Bottom Reversal
        • Bump and Run Reversal
        • Flag, Pennant
        • Symmetrical Triangle
        • Ascending Triangle
        • Descending Triangle
        • Rectangle
        • Price Channel
        • Measured Move—Bullish
        • Measured Move—Bearish
        • Cup With Handle
      • Chart Types
        • Arms CandleVolume
        • CandleVolume
        • Elder Impulse System
        • EquiVolume
        • Heikin-Ashi Candlesticks
        • Kagi Charts
        • Renko Charts
        • Three Line Break Charts
        • MarketCarpets
        • Relative Rotation Graphs (RRG Charts)
        • Seasonality Charts
        • Yield Curve
      • Candlestick Charts
        • Introduction to Candlesticks
        • Candlesticks and Traditional Chart Analysis
        • Candlesticks and Support
        • Candlesticks and Resistance
        • Candlestick Bullish Reversal Patterns
        • Candlestick Bearish Reversal Patterns
        • Candlestick Pattern Dictionary
      • Point and Figure Charts
        • Point and Figure Basics
          • Introduction to Point & Figure Charts
          • Point & Figure Scaling and Timeframes
          • P&F Trend Lines
        • Classic Patterns
          • P&F Bullish Breakouts
          • P&F Bearish Breakdowns
          • P&F Signal Reversed
          • P&F Catapults
          • P&F Triangles
          • P&F Bull & Bear Traps
        • P&F Price Objectives
          • P&F Price Objectives: Breakout and Reversal Method
          • P&F Price Objectives: Horizontal Counts
          • P&F Price Objectives: Vertical Counts
        • Point & Figure Indicators
        • P&F Scans and Alerts
          • P&F Pattern Alerts
      • Chart Annotation Tools
        • Andrews' Pitchfork
        • Stock Market Cycles
        • Fibonacci Retracements
        • Fibonacci Arcs
        • Fibonacci Fans
        • Fibonacci Time Zones
        • Quadrant Lines
        • Raff Regression Channel
        • Speed Resistance Lines
    • Technical Indicators & Overlays
      • Introduction to Technical Indicators and Oscillators
      • Technical Indicators
        • Accumulation/Distribution Line
        • Alligator Indicator
        • Aroon
        • Aroon Oscillator
        • ATR Bands
        • ATR Trailing Stops
        • Average Directional Index (ADX)
        • Average True Range (ATR) and Average True Range Percent (ATRP)
        • Balance of Power (BOP)
        • Bollinger BandWidth
        • %B Indicator
        • Chaikin Money Flow (CMF)
        • Chaikin Oscillator
        • Chande Trend Meter (CTM)
        • CMB Composite Index
        • Commodity Channel Index (CCI)
        • ConnorsRSI
        • Coppock Curve
        • Correlation Coefficient
        • DecisionPoint Price Momentum Oscillator (PMO)
        • Detrended Price Oscillator (DPO)
        • Distance From Highs
        • Distance From Lows
        • Distance To Highs
        • Distance To Lows
        • Distance From Moving Average
        • Ease of Movement (EMV)
        • Force Index
        • Gopalakrishnan Range Index
        • High Low Bands
        • High Minus Low
        • Highest High Value
        • Linear Regression R2
        • Lowest Low Value
        • Mass Index
        • MACD (Moving Average Convergence/Divergence) Oscillator
        • MACD-Histogram
        • MACD-V
        • MACD-V Histogram
        • Median Price
        • Money Flow Index (MFI)
        • Negative Volume Index (NVI)
        • On Balance Volume (OBV)
        • Percentage Price Oscillator (PPO)
        • Percentage Volume Oscillator (PVO)
        • Performance Spread
        • Price Relative/Relative Strength
        • Pring's Know Sure Thing (KST)
        • Pring's Special K
        • Rate of Change (ROC)
        • Relative Strength Index (RSI)
        • Relative Volume (RVOL)
        • RRG Relative Strength
        • StockCharts Technical Rank
        • Slope
        • Standard Deviation (Volatility)
        • Stochastic Oscillator (Fast, Slow, and Full)
        • StochRSI
        • Traffic Light
        • TRIX
        • True Range
        • True Strength Index
        • TTM Squeeze
        • Typical Price
        • Ulcer Index
        • Ultimate Oscillator
        • Vortex Indicator
        • Weighted Close
        • Williams %R
      • Technical Overlays
        • Anchored VWAP
        • Bollinger Bands
        • Chandelier Exit
        • Double Exponential Moving Average (DEMA)
        • Hull Moving Average (HMA)
        • Ichimoku Cloud
        • Kaufman's Adaptive Moving Average (KAMA)
        • Keltner Channels
        • Linear Regression Forecast
        • Linear Regression Intercept
        • Moving Averages—Simple and Exponential
        • Moving Average Ribbon
        • Moving Average Envelopes
        • Parabolic SAR
        • Pivot Points
        • Price Channels
        • Triple Exponential Moving Average (TEMA)
        • Volume-by-Price
        • Volume-Weighted Average Price (VWAP)
        • ZigZag
    • Market Indicators
      • Introduction to Market Indicators
        • Market Indicator Dictionary
      • Advance-Decline Line
      • Advance-Decline Percent
      • Advance-Decline Volume Line
      • Advance-Decline Volume Percent
      • Arms Index (TRIN)
      • Bullish Percent Index (BPI)
      • DecisionPoint Intermediate-Term Breadth Momentum Oscillator (ITBM)
      • DecisionPoint Intermediate-Term Volume Momentum Oscillator (ITVM)
      • DecisionPoint Swenlin Trading Oscillator (STO)
      • High-Low Index
      • High-Low Percent
      • McClellan Oscillator
      • McClellan Summation Index
      • Net New 52-Week Highs
      • Percent Above Moving Average
      • Pring's Bottom Fisher
      • Pring's Diffusion Indicators
      • Pring's Inflation and Deflation Indexes
      • Pring's Net New High Indicators
      • Put/Call Ratio
      • Record High Percent
      • Volatility Indices
    • Market Analysis
      • Dow Theory
      • Sector Rotation Analysis
      • Intermarket Analysis
      • The DecisionPoint Chart Gallery
      • DecisionPoint Rydex Asset Analysis
      • Wyckoff Analysis Articles
        • Wyckoff Market Analysis
        • Wyckoff Stock Analysis
        • The Wyckoff Method: A Tutorial
      • Elliott Wave Analysis Articles
        • Introduction to Elliott Wave Theory
        • Identifying Elliott Wave Patterns
        • Guidelines for Applying Elliott Wave Theory
    • Trading Strategies & Models
      • DecisionPoint Trend Model
      • Trading Strategies
        • Bollinger Band Squeeze
        • CCI Correction
        • CVR3 VIX Market Timing
        • Faber's Sector Rotation Trading Strategy
        • Gap Trading Strategies
        • Harmonic Patterns
        • Hindenburg Omen
        • Ichimoku Cloud Trading Strategies
        • The 'Last' Stochastic Technique
        • MACD Zero-Line Crosses With Swing Points
        • Moving Average Trading Strategies
          • Finding Support and Resistance in Moving Averages
          • Guppy Multiple Moving Average: An MA Ribbon Designed to Tip the Market’s Hand
          • How To Trade Price-to-Moving Average Crossovers
          • Trading the Bounce: Finding Support and Resistance in Moving Averages
          • Trading the Death Cross
          • Trading Using the Golden Cross
          • Using the 5-8-13 EMA Crossover for Short-Term Trades
        • Moving Momentum
        • Narrow Range Day NR7
        • Percent Above 50-day SMA
        • Percent B Money Flow
        • The Pre-Holiday Effect
        • RSI(2)
        • Six-Month Cycle MACD
        • Slope Performance Trend
        • Stochastic Pop and Drop
        • Swing Charting
        • Trend Quantification and Asset Allocation
    • Index & Market Indicator Catalog
      • Advance-Decline Indicators
      • Cboe Indices and Indicators
      • CME Futures and Spot Prices
      • DecisionPoint Sentiment Indicators
      • Dow Jones Breadth Indicators
      • Dow Jones Global Indices
      • Dow Jones Select Indices
      • Dow Jones Titans Indices
      • Dow Jones US Indices
      • Economic Indicators
      • ICE Futures and Spot Prices
      • Intellidex Indices
      • MSCI Indices
      • New 52-week Highs and Lows for Exchanges
      • NYSE Arca Equity Indices
      • NYSE Equity Indices
      • Philadelphia Indices
      • S&P 500 Sector and Industry Groups
      • S&P GSCI Indices
      • StockCharts AD Percent
      • StockCharts AD Volume Percent
      • StockCharts Bullish Percent Index
      • StockCharts High-Low Index
      • StockCharts High-Low Percent
      • StockCharts Percent Above Moving Average
      • StockCharts Pseudo Symbols
      • StockCharts Record High Percent
      • StockCharts Theoretical Indices
      • US Treasury Yields
    • đź“–Glossary
      • đź“–Glossary - A
      • đź“–Glossary - B
      • đź“–Glossary - C
      • đź“–Glossary - D
      • đź“–Glossary - E
      • đź“–Glossary - F
      • đź“–Glossary - G
      • đź“–Glossary - H
      • đź“–Glossary - I
      • đź“–Glossary - J
      • đź“–Glossary - K
      • đź“–Glossary - L
      • đź“–Glossary - M
      • đź“–Glossary - N
      • đź“–Glossary - O
      • đź“–Glossary - P
      • đź“–Glossary - Q
      • đź“–Glossary - R
      • đź“–Glossary - S
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      • đź“–Glossary - U
      • đź“–Glossary - V
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      • đź“–Glossary - X, Y, Z
    • Options Glossary
    • Educational Resources
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On this page
  • Money Management
  • Asset Allocation
  • Beliefs, Principles, Rules
  • Reduce Risk and Increase Rewards

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  1. Table of Contents
  2. Overview
  3. "The Trader's Journal" by Gatis Roze

Stage 1: Money Management

Previous"The Trader's Journal" by Gatis RozeNextStage 2: Business of Investing

Last updated 1 year ago

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Money management is the first step to becoming a consistently profitable investor. It’s all about working wisely and moving the odds in your favor. Succinctly put, it’s about: knowing what you’ve got, knowing how to protect it, knowing how to grow it, writing it out in a personalized investment plan.


Money Management

Money management is the first step to becoming a consistently profitable investor. It’s all about working...

Google “money management” and you’ll get back a quagmire of non-sequiturs, disjointed, inconsistent and incomplete...

In his Market Wizards books, Jack Swagger interviews an outstanding collection of renowned investors, traders and...

Asset Allocation

From what I’ve seen of most investors’ asset allocations, it’s a maze. My personal asset allocation is better...

There’s nothing like teaching a seminar to fifty sharp investors on this topic and having them demand more clarity...

Thomas Jefferson opined that “Eternal vigilance is the price of liberty.” For modern investors, I’d say...

Many investors would be shocked to learn that what they thought was their prudent well-diversified portfolio of five...

Far too many investors assume (wrongly) that if two equities – such as the S&P 500 (SPY) and the Vanguard Total...

Imagine a football coach who has the best eleven quarterbacks in the NFL altogether on the same team and puts them...

How can I be energized after teaching a six-hour workshop? When investors appreciate the message, their...

Upfront, it’s important to note that unlike most investors who hear asset allocation and conjure up three asset...

Beliefs, Principles, Rules

Reduce Risk and Increase Rewards

In the sports world, parties debate whether a premiere defense defeats a premier offense or whether great hitters...

If you don’t believe in yourself as an investor and have absolute faith in your methodology, trading the markets...

I had a shock recently. I met a couple who was in the midst of what I considered to be a personal financial...

Galloping through the markets without recognizing the impact of your essential beliefs is an investing tragedy of...

I’ve spent many years of digging into my own trading journal, looking for lessons, rules, principles and insights to...

Albert Einstein famously said, “If I had one hour to save the world, I would spend 55 minutes defining the problem...

“Any darn fool can make something complex; it takes a genius to make something simple.” -- Pete Seeger As a...

If you didn't catch my interview on Wednesday morning, I joined Tom Bowley and Erin Swenlin on their StockCharts TV...

“Yes, the fountain of youth really does exist, and academic research is increasingly proving it to be found amidst...

All successful investors must have some type of “edge”. If you don’t know what yours is, odds are you don’t...

There is a seismic generational displacement happening in the investment landscape. Many investors are shifting...

For myself, one of the most momentous insights into life and investing happened over 25 years ago when Sir John...

In the automotive industry, a car designer begins his or her career as a automotive stylist. Over time, as...

Tensile Trading: Stage #1 is Money Management
Definition of Money Management
Money Management: Why Market Wizards Claim It's the Secret Sauce
My Methodology Allocation Beats Asset Allocation
My Methodology Allocation Beats Asset Allocation: Part II - Questions Answered
My Methodology Allocation Beats Asset Allocation: Part III - Eternal Vigilance is the Price of Profits
How I Improved My Asset Allocation Profile by Using a Correlation Calculator
Asset Allocation: The Most Important Truth About Correlations
Here's How You Build a Super Bowl Champion Portfolio (Hint: Pick Your Correlations Carefully)
Asset Allocation: Why Strategic Versus Tactical Choices Matter
Academics Agree: Asset Allocation is the Only Free Lunch in the Investing Arena
Your Canary In the Trading Room
The 4 Crucial Beliefs Of Successful Investors
Essential Rules to Share with Your Friends: The Financial Simpletons
The Four Crucial Beliefs Necessary to Achieve Stock Market Mastery
Four Timeless Investing Principles
The Albert Einstein Approach to Stock Market Investing
Wall Street's Complexity versus Investors' Profits & Simplicity
The Two Pillars of Probability Enhancement: How To Systematically Reduce Risk and Increase Rewards
Two-for-One: How to Live Longer and Pass the Financial Baton to Future Generations
All Successful Investors Need an EDGE: Here's Mine
My 3-Prong Recipe for the Safe Growth & Outperformance of Your Portfolio
Powerful and Profitable Pairings: 1 + 1 = 3
Investing Is To Trading Just As Style Is To Design