Below is a link to Ed Seykota's website where he discuss risk management. http://www.seykota.com/tribe/risk/index.htm I hope new traders would enjoy this. Please feel free to discuss about it in this thread. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/LiE1VgWdcQM&hl=en_US&fs=1&color1=0xe1600f&color2=0xfebd01"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/LiE1VgWdcQM&hl=en_US&fs=1&color1=0xe1600f&color2=0xfebd01" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>