The only "Holy Grail" is money management?

The only "Holy Grail" is money management?

 

or mary magdellan, or a cup he heyzues slugged grape juice from at his last tgif.

 

Eliminate the "large loss on a single trade", and you're a leg up on the game.

 

So, so true.

 

No. Not unless you are Van Tharp.

 

Very tough to do so. Loss toleration depends on the volatility of a particular security.

 

Tough to do? Back off on the leverage and exercise stop discipline.

The TRADER is in control of his "single large losses"... (not that we can't have a string of smaller ones which add up to something significant...). If you take a big hit on one trade... it's your fault alone 99% of the time (allowing for external shock like 9/11).

 

Yep, because we may risk being out of a position before it's going to show positive result.

 

Perfect money management alone will lose you money in the markets. Fact.

 

Strangely enough, the 9/11 happened during a clear downtrend, so it wouldn't have caused further losses for those trading along the main trend.

Of course trend faders, and bottom pickers got burned.