I think the money mangement aspect is the most vital part. With good MM skills you can actually turn a losing system into a money machine. What kind of MM rules are you guys using?
Aaron, Do you use one of the familiar schemes, e.g. fixed fractional or fixed ratio, or did you come up with your own variation? Richard
Oh really? The craps table has odds of around 49%, which makes it almost a breakeven game. If you think you can use MM to turn a losing system into a money machine, I recommend you hit the casino and make a fortune. -bbc
Good point, blueberrycake! But I do think that Elder and Eng teach practical MM principles for trading. to
It's unbelievable. This makes the third thread I've read in two days where people in current winning streaks are waving off the comments that point out the possible weaknesses in their strategies/methods... waving off the comments on the basis that since they're in a winning streak, it means their method is a winning method, instead of realizing that even losing systems have their days. Really, the way to trade those systems is to stop when you're ahead. Just like in a casino, when you win against the house. There, you don't have the edge, but it's still possible to have a winning streak. But if you keep on playing long enough, you'll give it all back and then some. The idea that a losing system can be turned into a winning system by virtue of money management is akin to thinking that a person can successfully lose weight and get healthier just by eating a diet of lots of junk food only as long as you take smaller bites.