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

    55 vote(s)
    30.7%
  2. No

    124 vote(s)
    69.3%
  1. Buy1Sell2

    Buy1Sell2

    That's how you pick entries and exits. There is no edge in that. Everyone is able to do so.
     
    #451     Jan 5, 2017
  2. Buy1Sell2

    Buy1Sell2

    Ask a losing trader ( the more than 95%) and you will find that they all picked price well, but stayed in positions too long on the wrong side and pulled profits too soon on the right side. The edge in trading is trade management, not picking entries and exits.
     
    #452     Jan 5, 2017
  3. algofy

    algofy

    Recent ET profitablity polls show ET traders are 90% profitable...thoughts?
     
    #453     Jan 5, 2017
  4. Buy1Sell2

    Buy1Sell2

    How many are posting with real time calls?
     
    #454     Jan 5, 2017
    Picaso likes this.
  5. algofy

    algofy

    Not many if any
     
    #455     Jan 5, 2017
    Buy1Sell2 likes this.
  6. CyJackX

    CyJackX

    Like I said, this all feels like semantics. What is the accepted definition of risk management?

    I can call a calculated investment in materials and workers risk management. I am staking an investment with a timeframe and a profit target.

    Walking down the street to the deli for a sandwich is risk management. I'm investing my time and energy for a payoff. If the deli is closed, my sandwich is out, the risk.
     
    #456     Jan 5, 2017
  7. Mtrader

    Mtrader

    People who post realtime can proof they are profitable. If they don't post they are not profitable? What's the logic?The second reflection is not correct.
    I don't know of any successful trader from the books "Market Wizards" that made realtime postings. Although it is clear that many of them were successful. But as they don't post realtime you consider them as losers?
    Traders don't post realtime trades, idiots do.
     
    #457     Jan 5, 2017
  8. Why do you have to "pick" entries? If there's no edge to it, just do random entry...would that work for you? Have you ever done this before?
     
    #458     Jan 5, 2017
  9. I think many traders on ET would disagree that "everyone" is able to pick good entries and exits. If you have to use indicators to construct a setup, then it sounds like you would be blind without them? They must have some sort of edge to your setup or "necessity" to it.
     
    Last edited: Jan 5, 2017
    #459     Jan 5, 2017
  10. Zodiac4u

    Zodiac4u

    So you must have a different definition for the word edge? :rolleyes:
     
    #460     Jan 5, 2017