As noted in the first part of the current series, the character and the mind set of a portfolio manager could make the difference between a success and a failure. Being able to visualize the possible movements ahead of time and taking advantage of our own conclusions is often crucial to a better performance. So is the proper money and risk management.
This is the second and last part of a series of articles on the common principles between a martial art philosophy and a successful trading, investments and portfolio management attitude of mind. The article reviews the principles of protecting your capital first, being in control for the deals one makes and setting proper deal parameters like stop loss levels, risk-reward ratios, among others.
You are welcomed to check it at my blog at the SeekingAlpha website – Karate Principles in Trading and Portfolio Management – Part II.
Any comments would be highly appreciated.