There was some discussion of money management making a losing system into a winning system, which is certainly can. However, I think other parties are saying that with different money managment, then it's a different system. So it's semantics. That's fine. Either way, my point is very valid. Suffice it to say, that money management can take a losing series of entries and exits (a system) that are losers, and by altering them perhaps ever so slightly, make the entries and exits a winning series. This is common sense. This is the only true edge in trading. Money management is the single most important aspect of trading, not the entries and exits and being right. You seldom hear of someone blowing their account by taking the wrong side of the market. It is generally (probably always) that they stayed with the wrong side of the market way too long etc. Good fortune to all.
