Prudent Risk Management Is The Only True Edge In TRADING

Is Prudent Risk Management the only true edge in trading?

  • Yes

    Votes: 53 29.9%

  • No

    Votes: 124 70.1%
  • Total voters
    177
Buy1Sell2 said:
Casino games have no similarity to trading.
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Why not? Casino games have a negative expectancy for the gamblers. It is akin to trading with a losing strategy. Tell me how does PRM turn this into a positive expectancy?

If not, tell me how does PRM turns a losing strategy (Negative edge) into a winning one?

Before you turn around and use my own examples against me. I must say beforehand that those are ways for traders to NOT lose their entire capital. But they are not ways to INCREASE your capital.
 
72.5% says prudent risk management is NOT the only true edge.

And still this stupid discussion continues for 65 pages already. ET is ELITE???? traders? LOL.
 
jinxu said:
It's only one person that keeps carrying on the conversation. Guess who?
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Ignore him.
A discussion needs two persons to continue. If there is only one left, it becomes a monologue and will stop quickly.
 
schweiz said:
If there is only one left, it becomes a monologue and will stop quickly.
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You would think so, but here we are talking about a guy who was proven wrong 3 years ago, yet he keeps running this silly old thread. Not to mention he keeps posting the same inanity in other threads, like he has a message to spread....
 
Pekelo said:
You would think so, but here we are talking about a guy who was proven wrong 3 years ago, yet he keeps running this silly old thread. Not to mention he keeps posting the same inanity in other threads, like he has a message to spread....
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block him and problem is solved
 
syniczfx said:
Why not? Casino games have a negative expectancy for the gamblers.
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Casino games other than poker do not offer an opportunity to reap a lopsided benefit of reward to risk. PRM is not just about not losing money, it is about managing trades for maximum benefit as well.
 
Buy1Sell2 said:
More than 95% of traders lose money. I am not surprised by the poll results at all.
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There is no proof that the two are linked.

This was an excellent statement:
"I must say beforehand that those are ways for traders to NOT lose their entire capital. But they are not ways to INCREASE your capital."
You cannot generate profit with capital management, only avoid or reduce losses.

PS: I am NOT part of the 95% losers. So your statement did not work on me. Proofs that you are wrong as I should be losing money too.
 
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