Tom Basso did that and with postion sizing/money management he ended up making money. MM is the most important thing IMO.
Go ahead and do it today. See what you'll make. The bullshit you read in books is YEARS and YEARS old. It does NOT apply to the market today. This is not an engineering class where the theories you learned 20 years ago still hold true today. Btw, if it's all MM, why don't you use it in a casino? They're open 24 hrs and it'd be a lot more fun! Fuc**ng tired of these idiots and their MM stupidity!
Define "good", define "relatively short", mention why you want "good" returns in a "relatively short" time and you might get some better answers.
I backtested a coin flip system starting from July 2000 through July 2005. Three different position sizing models were very profitable. It's not money management, it's position sizing. No one is saying it's all about position sizing, but it's probably 70% position sizing. The problem with your casino analogy is that most casino games have a negative expectancy, and they're not as interesting as trading. My advice to the thread starter is to try and determine what type of trading you wish to involve yourself in and then see if you have enough trading capital to accommodate your chosen style.
i think u should joing a prop firm who take $5000 and give you $50000 margin and then day trade make $300 every day study the market speak to experience trader and you might make it