OPEN HANDED TRADERS

[BONESPUR]

TIP for cash account users:

Divide your money into three groups so you have money to play with each day. This prevents some of the problems associated with cash accounts. Play only with the funds that are completely settled for that day. Advantages are:

1. It gives you settled funds to play with every day so if you have to cut a dud loose you can do it knowing you have funds to play with tomorrow instead of holding and hoping (and possibly holding too long).

2. Since you have more opportunities to play, play what you want instead of what is in front of you.

3. A win won't be as big but a loss won't be as bad.

4. You won't be tempted to buy something today with funds that are not completely settled because its running. By the time your funds settle and you can sell you may be in the red when you do that.