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I never said I was providing anything groubdbreaking here, or that money management is the only answer. :confused: It's just one thing I wish I knew. Chill.

This is an interesting one. I really do believe this is why a lot of people become frustrated and give up.

Nice. I agree. The "gurus" can't make money trading or investing, which is why they are asking for yours. :)

I had a feeling someone would ask me what I meant by theory. I was being more philosophical than direct with my statement. An example of a theory would be reflexivity. Trend trading is more of a strategy rather than a theory. The general idea I was trying to convey, was that if you...

And this is shocking? I hate to say it, but most money managers, hedge funds, ect... Always end up failing, and blowing up, especially when friends and family's money is involved. Look at the track records of some of the biggest and baddest money managers, they make tons of money for a...

Jordan Belfort? Is that you?:cool:

I would agree. I would probably have told myself the same. Trading is a business, some people make a living doing this, there is no silver bullet, or get rich quick way. I also would have told myself, EVERY TRADING THEORY IS WORTHLESS, if you don't apply money management, and discipline...

With all that you know now, what would you tell yourself?