So after years of seaching..

[OddTrader]

That's correct (because +100%, 0% and -100% can be seen as prudent money management), and especially very true for the professionals who manage long-only funds.

But How to do it well is a question!

just Unsure whether it's the "only true edge" or not. my guess is Probably Not!

Prudent money management is most certainly the only true edge in trading. In the fullness of time. I believe you will come to realize this as well.

Sadly, this is incorrect. It truly is the implementation of prudent money management that is the only true edge in successful trading. Anyone can forecast direction using a myriad of techniques. Those are not edges. --Practicing prudent money management is an edge though.

 

[barcadia]

Everyone knows how to enter using breakouts, breakdowns trendlines, divergences, SLA scribbles, price drivers and what have you ad nauseum. Those are not the edge.

Maybe that's because there's no 'edge' in those particular methods/systems
(which wouldn't be surprising seeing that everybody uses those methods and nobody seems to make money here)

 

[Xenomorph]

Money management will not save a craps gambler. All MM can do is postpone the inevitable. I agree with others that MM is not an 'edge'.

 

[Turveyd]

Maybe that's because there's no 'edge' in those particular methods/systems
(which wouldn't be surprising seeing that everybody uses those methods and nobody seems to make money here)

Stop making me hit the like button.

100% right nothing in any of them.


The only real edge in its vaguest form is direction and once chosen it will continue from an undetermined period of time.

 

[Buy1Sell2]

Take this over to factoryforex they are all this way inclined, 1 poster, had a negative almost random entry method, failed at 1% so dropped to 0.1% same result just 10xs longer.

.

1 percent and .1 percent of what? Also what percent were the winners allowed to run to?

 

[romik]

Money management will not save a craps gambler. All MM can do is postpone the inevitable. I agree with others that MM is not an 'edge'.

http://www.elitetrader.com/et/index.php?threads/es-journal-2015.288816/page-365#post-4134492

 

[romik]

To me, an edge is something that gives you a high probability of getting the direction right on your trade. Money management is irrelevant in that respect.

So you get the direction right, but every time you enter into a trade you get stopped out or fail to take profit.

 

[Buy1Sell2]

So you get the direction right, but every time you enter into a trade you get stopped out or fail to take profit.

GREAT POSTING---This is what we call the essence.

 

[Turveyd]

1 percent and .1 percent of what? Also what percent were the winners allowed to run to?

Fixed TP and SL 1:1!

1% and .1% of what do you think, 1% or 0.1% is you guessed it, 1% or 0.1% idiot!

 

[Turveyd]

GREAT POSTING---This is what we call the essence.

Yeah great, totally relevant, totally made up with 0% fact, bordering on person insult but against someone you disagree so therefore great.

This shows your true character!