you may well be right, the one thing we agree on is position sizing and money managementQuote from logic_man:
There's volatility in "chop", too, just of a different sort.
The 80/20 rule I meant was if you have a 100% understanding of volatility, you are 80% of the way to being successful. The other 20% is stuff like position-sizing, money management, psychology, organizational skills, etc.
only in my world, that is 90%, 10 percent is guessing what will happen