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. pinabetal

    pinabetal

    Then why don't you forget charts and indicators ..pull a random price out of a hat and get really rich with just PRM. You don't need charts..indicators..etc. Why do you use them?
     
    #441     Jan 5, 2017
    BONECRUSHER likes this.
  2. So, why was the RSI and how you used it so important to your trading in the past?
     
    #442     Jan 5, 2017
  3. Zodiac4u

    Zodiac4u

    One cannot run a business without Risk management. Biggest problem here I see, is that the majority of ET'ers don't run there trading as a real business.
     
    #443     Jan 5, 2017
  4. One cannot run a business with just risk management...how about a niche? Agree that most traders don't use risk management optimally.
     
    #444     Jan 5, 2017
    Zodiac4u likes this.
  5. Zodiac4u

    Zodiac4u

     
    #445     Jan 5, 2017
  6. Doesn't "expert" imply a special skill or unique approach? Special skills and unique approaches are not simple or straight forward. If you have an edge built in to your "money management" because of some creative sequence or filter, then you shouldn't say money management is the absolute edge, because it's your own personal edge. Why do you imply money management is easy and makes easy profits, yet it takes expertise to accomplish? There can only be so many "experts" at anything!!!! P.S. I know you use the RSI frequently in your trading.:wtf:
     
    #446     Jan 5, 2017
  7. achilles28

    achilles28

    Because the trend is your friend?
     
    #447     Jan 5, 2017
  8. Of course not
     
    #448     Jan 5, 2017
  9. Buy1Sell2

    Buy1Sell2

    No
     
    #449     Jan 5, 2017
  10. Buy1Sell2

    Buy1Sell2

    RSI is used along with other indicators and price to determine entry and exit. There is no edge in that. Everyone is able to pick good entries and exits.
     
    #450     Jan 5, 2017