Out of interest, are you saying that B1S2 is correct when he says that there are no edges in trading other than money management. So nothing can give you an edge in terms of a higher probability of one thing happening over another, so pointless to use ANY sort of analysis?
You have taken the words out of content.money management plays a major role in your trading,its one of the main components of trading.does it make sense to you to buy a stock or whatever during a strong downtrend where no matter what money management you have, you will lose money.
Most of us haven't got time to read every single post of every single poster in case they've already answered the question you're about to ask
If you'd read all 11 thousand of his posts, you'd know the answer
If you'd read all 11 thousand of his posts, you'd know the answer
You are an American and your wife is Georgian. And I am not German. But you still don't get it do you?
I thought everyone understood-- I am a huge proponent of the use of TA. (By the way, everyone here uses TA). It allows me a high degree of accuracy in picking the initial movement of the market or instrument. But everyone can do that with TA, so there is no edge in the use of TA. --The edge in trading lies in the ability to utilize Prudent Money Management with regard to management of the trade once taken. It goes against human nature to do this properly ie taking small losses and letting winners run. Thus, those who can possess the only true edge in trading. Period.
