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money management > trading method?


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money management > trading method?

 
 blb014 
Dallas, Texas
Elite Member
 
Experience: Intermediate
Platform: TOS
Trading: AAPL, /ES, IWM, SPY Options
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dryg View Post
Risk to reward ratio is not money management. It is rather the outcome of a winning trading method. Just because you aim to make 3 times as much as you lose in a statistical sense it does not mean you will succeed unless you have some edge. Money management has to do mostly with how much you risk on position, proper leverage, portfolio heat, etc.

You are right, if you talk with traders that have traded for decadeS, they will tell you money management is the key to long term success.

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 solotrader 
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blb014 View Post
You are right, if you talk with traders that have traded for decadeS, they will tell you money management is the key to long term success.

Probably because they want to get rid off you and avoid answering questions about their edge.


 
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Last Updated on October 17, 2013


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