Lesson: An Introduction To Stock Selection
Channel: Dave Landry
Date: 2014-12-18

It has been said that money management is the “Holy Grail” of trading. Cutting losses and riding winners is important but I’ll take that one step further. Your best defense is a good offense—more winners and fewer losses. Pick the best stocks to begin with and the money management will take care of itself. This also solves for emotional mistakes. It is much easier to follow your trading plan if you are in the right stocks. So, ride your winners and cut your losses but make sure you are in the best of the best stocks to begin with.