Technical trading Vs Money management ?
Mar 26, 2016 at 20:08
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1 Replies
Member Since Nov 02, 2015
4 posts
Mar 26, 2016 at 20:08
(edited Mar 25, 2016 at 15:40)
Which is truly required to keep the equity safe ? Ofcourse both of them would be the answer, but which one is required the most to the account profitable on a long run.
To my study there is no technical tool in the world which gives a 100% results. Finally with my experience ( might differ with others ) its the proper money management which will keep the account growing on a long run.
Calculating the down side (drawdown) and stopping it at the right point, is the first step required before entering a trade. This is what i learnt after a very very long span.
Though i have a technical tool or strategy which is above 50% strike rate, at some point when it gives a continues hit and without knowing what money management is, blows of the account very easily.
Whereas the same with a proper money management keeps the account safe.
So what is proper money management ? Traders , can you share your ideas & experiences (If you wish to)..................
To my study there is no technical tool in the world which gives a 100% results. Finally with my experience ( might differ with others ) its the proper money management which will keep the account growing on a long run.
Calculating the down side (drawdown) and stopping it at the right point, is the first step required before entering a trade. This is what i learnt after a very very long span.
Though i have a technical tool or strategy which is above 50% strike rate, at some point when it gives a continues hit and without knowing what money management is, blows of the account very easily.
Whereas the same with a proper money management keeps the account safe.
So what is proper money management ? Traders , can you share your ideas & experiences (If you wish to)..................
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