Risk Management, the Great Equalizer

This article originally appeared at The Option Pit written by Morgan from The Trading Pub.  This is an excellent article for beginning traders.  Professional traders will be well aware of the concepts.  I've highlighted parts of the article to emphasize key points.  As I've said many times before and I'll tell you again; If you can't find a trade where the reward is 2x the risk... pass on the trade.  

Meet the blackjack player who beat the Trop for $6 million, Borgata for $5 million and Caesars for $4 million

Risk management, focus, discipline... sounds a lot like trading... I personally like my edge more than his but he's getting some serious size done....  here are some quotes I liked from the article: