I have nothing to report this week because I didn't make a trade.  As I said in my previous post, in between everyday responsibilities and being sick, I didn't have any motivation to sit in front of a computer screen.

If you don't trade, you can't lose but you can't win either.  I want to mention an excellent NEW article I read this week regarding money management.  Before I give the link, there was some pretty powerful substance to this article that I want to post:

Put two rookie traders in front of the screen, provide them with your best high-probability set-up, and for good measure, have each one take the opposite side of the trade. More than likely, both will wind up losing money. However, if you take two pros and have them trade in the opposite direction of each other, quite frequently both traders will wind up making money - despite the seeming contradiction of the premise.

Note that a trader would have to earn 100% on his or her capital - a feat accomplished by less than 1% of traders worldwide - just to break even on an account with a 50% loss. At 75% drawdown, the trader must quadruple his or her account just to bring it back to its original equity - truly a Herculean task! 

I would recommend you check out this article.  It really does drill home the money management principle.

Money Management Matters