How do you know if you're making **Progress**

Money management is the defense that keeps you in the game when you don't know what you're doing. But ultimately it is knowledge that is the offence that will make you the money.

 

Money management is not even a secret or hard to learn, the pros might be underperforming because of their reliance on it actually.

 

Money management (MM) is the easy part - which is why funds obsess over it. Because of MM, funds can stay in the business long enough to collect enough fees to launch more funds and shut down existing under-performing funds.
Knowledge is the unquantifiable hard part of trading when dealing with an infinite amount of constantly changing variables- the mystery part.

 

Excuse me.

Good money management.

JJ

 

pure wisdom there

 

Given that you are the author of this thread, you have just answered your own question.

Jolly well done!

 

?????? I thought I was sort of intelligent...but my mind draws a blank.

 

pick any paragraph I will give it a try

 

Read it again and use this chart.

Superimpose a line on it as progress is made.

 

Okay...I am going to try that. I am open to learning especially when I don't have a clue. Thank you.