Financial Survival
- Financial survival is essential, although not just because of the money.
- After all, money can be regained from other sources.
- Financial survival is essential because of the impact, loss of funds will have on our psychology.
- Typically we become very risk averse after having taken a large hit to our finances and our ego.
- This will make it increasingly difficult to be psychologically capable of effectively trading the markets, in order to recover the losses and move to new equity highs.
Imp
- Will aim to ensure Financial survival through our
- Money Management Plan & our
- Contingency Management Plan.
Next article Money Management Plan & after that our Contingency Management Plan.