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

    56 vote(s)
    30.9%
  2. No

    125 vote(s)
    69.1%
  1. Georpe

    Georpe

    @JoePriceAction In keeping with prudent risk management, those logical stops you mentioned should be viewed more as worst case stops. Most of the time you should cut before price gets there.

    Less psychobabble, test to find your line in the sand and stick to it...or don't and lose money as systems cover while you hold.

    Be consistent so probability is on your side. 'Scalp', intraday swing, or swing. You won't cherry pick correctly and will probably scalp out on trades you should have held if you mix.

    Take the low risk, low probability, high reward trades. Especially if it doesn't look great.

    Don't consult internet strangers on big life decisions. That isn't prudent risk management. You likely already know the answer.
     
    JoePriceAction and Laissez Faire like this.