http://www.optionpundit.net/market-psychology/trading-plan-resolution
Option Pundit is my hero, I wish one day to achieve his market prowess and deliver his monthly returns. The above link is a meaty new years resolution to glean from.
*Notes from TOS chat for 2007 New Years Trading Resolutions*
On an overall risk management outlook, do not risk more than 25% of your total capital in overall maximum risk. For example if every trade position you have on goes completly against you and you must assume max risk, do not let this amount be greater than 25%. You don't want to get blown out of the game.
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