Prudent Risk Management Is The Only True Edge In TRADING

Discussion in 'Risk Management' started by Buy1Sell2, Jul 6, 2015.

Is Prudent Risk Management the only true edge in trading?

  1. Yes

    53 vote(s)
    29.9%
  2. No

    124 vote(s)
    70.1%
  1. algofy

    algofy

    False
     
    #361     Dec 4, 2016
    eganon69 likes this.
  2. JSSPMK

    JSSPMK

    OK. 1 accumulator still playing out, but in the black already. Out of 10 accumulators 2 came through providing over 40% return 2 out of 9 played, appropriate odds enabled to beat the bookie. I don't know much about sports statistics, all matches were randomly chosen, the only thing I looked for is similar odds to win, which suggested equal opportunity to score.

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    #362     Dec 4, 2016
  3. Buy1Sell2

    Buy1Sell2

    It's ok if you don't wish to acknowledge that PRM is the true edge. It doesn't affect my TLNW. --However, you would be better served to incorporate this most exclusively.
     
    #363     Dec 4, 2016
  4. algofy

    algofy

    What is TLNW? You use allot of acronyms that aren't clear.
     
    #364     Dec 4, 2016
  5. Buy1Sell2

    Buy1Sell2

    Total Liquid Net Worth.
     
    #365     Dec 4, 2016
  6. algofy

    algofy

    I incorporate both risk management AND slight entry edge.
     
    #366     Dec 4, 2016
  7. JSSPMK

    JSSPMK

    I used to track performance of this one tipster, he was very consistent predicting results of a single match, average return was 1.8, so 80% of stake. His Both Teams To Score accumulators had a much lower strike rate, yet average payout was at odds of around 6 (500% return on staked amount, so very consistent 80% vs quite inconsistent 500%. Then one month his win rate nose dived in singles, the rest is self explanatory.

    Singles

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    Accumulators

    [​IMG]
     
    #367     Dec 4, 2016
  8. Buy1Sell2

    Buy1Sell2

    Tons of folks know about and are using your entry style. Very very few can exercise management of that entry.
     
    #368     Dec 4, 2016
  9. algofy

    algofy

    I doubt anybody is using my entry style, I have 6 conditions that have to line up and then have over 10 exit conditions.
     
    #369     Dec 4, 2016
  10. Buy1Sell2

    Buy1Sell2

    Believe me, your style is being used by numerous people whether you or they know it or not.
     
    #370     Dec 4, 2016