The only "Holy Grail" is money management?

[crgarcia]

The only "Holy Grail" is money management?

 

[me2]

or mary magdellan, or a cup he heyzues slugged grape juice from at his last tgif.

 

[gnome]

Eliminate the "large loss on a single trade", and you're a leg up on the game.

 

[crgarcia]

Quote from gnome:

Eliminate the "large loss on a single trade", and you're a leg up on the game.

So, so true.

 

[Vienna]

Quote from crgarcia:

The only "Holy Grail" is money management?

No. Not unless you are Van Tharp.

 

[eagle]

Very tough to do so. Loss toleration depends on the volatility of a particular security.

Quote from gnome:

Eliminate the "large loss on a single trade", and you're a leg up on the game.

 

[gnome]

Quote from eagle:

Very tough to do so. Loss toleration is depended on the volatility of a particular security.

Tough to do? Back off on the leverage and exercise stop discipline.

The TRADER is in control of his "single large losses"... (not that we can't have a string of smaller ones which add up to something significant...). If you take a big hit on one trade... it's your fault alone 99% of the time (allowing for external shock like 9/11).

 

[eagle]

Yep, because we may risk being out of a position before it's going to show positive result.

Quote from gnome:

Tough to do? Back off on the leverage and exercise stop discipline.

 

[traderdragon2]

Perfect money management alone will lose you money in the markets. Fact.

 

[crgarcia]

Quote from gnome:

(allowing for external shock like 9/11).

Strangely enough, the 9/11 happened during a clear downtrend, so it wouldn't have caused further losses for those trading along the main trend.

Of course trend faders, and bottom pickers got burned.