Money management - the holy grail

Multicharts has an easylanguage portfolio backtester that's required if you want to do development.

 

Coming to this money management ,using it made a non profitable system into a profitable one , a system that made no profits made over 20 % a year.We back tested it over 10 years.

The worry is most people will set up web sites and con noobs , charge fees for some free mm system.

It will also prove most mentors and xperts are incorrect in their money management 2 % advice ,they are horribly wrong.

It will also prove the Elders ,Raschkes and Tharpes as poor mentors who never could successfully make a living from trading.Why would you want to be trained as pro-footballer by a failure pretending to be an xpert?Why would u want to follow failures who do not make a living from trading?

 

I learned a lot from Tharp. I'd be willing to train with a professional, although the opportunity rarely presents itself.

Actually, the guy I learned the most from had a subscription service where he proceeded to deliver the goods, over and over, 5-15% at a time using a ridiculously simple technique based on 2 indicators and how the market reacted to news, plus a couple fundamental criteria thrown in. I didn't want to use his method. My own trading has evolved right back to what he was doing, but I had to make my own mistakes and come to the conclusion myself before seeing the value in it.

Good trading is pretty boring.

 

I work on on a 4:1 ratio- skilled men know there jobs- if its trading or shovellining concrete

 

Statistics of 95 % losers are respected , rebuttals team has different agenda.

 

There are many guys delivering with subscriptions services , I am a stooge to market their course and training seminar , Al Brookes .
None of these make a living from trading , but selling courses.

Indicators are used by pros in the 5 % club or stooges?

 

Van Tharp makes a living from selling books ,courses ,selling advice and seminars?Is he a successful trader?The answer is probably no.He knows the only grail is his.

In his book he talk about a load of crap on position sizing , 95 % losers were sold to his books.


http://www.mcssl.com/SecureCart/Vie...token=baaaea70d6354f72b4e04797216a3c4f&bhcp=1

Good luck to those who follow trading failures of the 95% club.

http://www.vantharp.com/products/definitive-guide-position-sizing.asp

http://www.elitetrader.com/vb/showthread.php?threadid=218160

http://www.marketoracle.co.uk/Article533.html

http://www.elitetrader.com/vb/showthread.php?s=&threadid=236978&perpage=6&pagenumber=1

 

I'm not sure 100% but I think he has admitted publicly that he doesn't trade:

http://www.trade2win.com/boards/for...ng-successful-forex-trader-18.html#post406962

and you oilfxpro, aren't you tired of the same story?

http://www.trade2win.com/boards/for...ng-successful-forex-trader-18.html#post406970

 

What wonderful memory you have!

give me any losing system with a minimum hit rate of 20 % , and stop no greater than 100 % greater than than target , and I will make money with it using unique money management

Generally I tend to use systems with hit rates of 40 % plus.

Money management is the key.

 

i can show you that by using no money management whatsoever it's possible to have a very successful trading method still with low risk.

trading risk equates to poor trading logic, you have it or you don't.

m