The first point to mastering money management is that you have to understand
when you’re trading on the stock market is that you are playing the odds – but
unlike many forms of gambling, you can make money. The key to making this money
is to respect the risk that is part of the market, and manage it. Money
management is a set of rules and guidelines that enables you to turn a profit.
By being triumphant with your money management skills, you can keep your risk at
a level at which you’re comfortable with, keep from making poor trading
decisions, and ensure you don’t loose your trading capital. This is why it is so
important to follow money management rules.

http://hyper-stocks.blogspot.com/2006/09/trading-expert-discovers-ways-to-beat.h\
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