The Importance of Money Management

It seems like I have a tendency to pick all those stocks I like to go down eight percent all in one day. Money management is absolutely impaired it's after cutting losses it's probably the second most important thing but if you say well on an earnings gap it'll it can gap down 10, 20 percent and if it's 10 or 20 percent of my account I can lose three, six percent of the value of the account. That's not true because it'sprobably the best stock in the market you're holding and it's going to wreck everything else in your account so that's the answer for me.