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. loyek590

    loyek590

    I went all in one time. I am still living off that money. Wouldn't have mattered if I had lost, I was one sorry trader when I put it on.
     
    #61     Aug 14, 2015
    Visaria likes this.
  2. Visaria

    Visaria

    Would disagree. There aren't opportunities every day, you may think there are, but probably a matter of seeing what you want to see.

    I only need a few times of going all in 150% to make a fortune.

    Would rather take 1 hit wonders* every now and then, screw consistency.

    * i suppose they wouldn't be 1 hit wonders if they came about regularly!
     
    #62     Aug 14, 2015
    .sigma and lawrence-lugar like this.
  3. deaddog

    deaddog

    So you would never go 150%.

    It is not unusual for me to employ over 100% of my trading capital but I only risk 1% on any one trade.
     
    #63     Aug 14, 2015
  4. Visaria

    Visaria

    no, i really meant the risk being 150%!!!!

    i think i would do maybe 20% risk on a trade if i had huge conviction on it.
     
    #64     Aug 14, 2015
  5. J_Smith

    J_Smith

    One man's misfortune is another man's gain.

    Opportunity is in the eye of the beholder.

    I would imagine that you are either not telling the truth, dreaming, or just trying to stir the s*it:)
     
    #65     Aug 14, 2015
  6. Visaria

    Visaria

    read druckenmiller's speech is the best advice i can give.
     
    #66     Aug 14, 2015
  7. J_Smith

    J_Smith

    No thanks, I much prefer Enid Blyton:)
     
    #67     Aug 14, 2015
  8. Visaria

    Visaria

    Yes, i think that might be best for you.
     
    #68     Aug 15, 2015
  9. loyek590

    loyek590

    I'd rather own the little shop on the village corner than be a manager at walmart
     
    #69     Sep 5, 2015
  10. Visaria

    Visaria

    Why? The Walmart guy probably makes more money and has no risk.
     
    #70     Sep 5, 2015