You will have to excuse me because im a bit cranky right now... But I get REALLY tired of hearing this crap. Trading it A LOT MORE than simply money management! I can give you a HUGE list of complete trading systems with GREAT money management that will LOSE YOU TONS OF MONEY. Period! This MYTH that its all about money management is getting really old. You **ALSO NEED AN EDGE** or all the money management in the world is completely useless. Wheeeew... im ok now If you have a great edge and no money management, you will blow out. But with no edge... you dont have a chance in hell PERIOD. peace axeman
I could not agree more. Not trading when there is no compelling reason to takes as much discipline as anything in the game. And this is perhaps one of the most difficult aspect of trading for newer traders to contend with. On the surface it seems contrary to the work ethic most of us grew up with. Work hard, be more successful. But is it really contrary? No. It is very hard to sit on your hands and wait for opportunities to come to you. But that is what it takes. And that is indeed hard work. Peace, RS