DislikedIn fact, I have to agree. If we are talking about MM as being the position sizing determination technique, then surely it has nothing to do with the edge. The edge is actually determined before and MM is then applied next. The application of a specific MM technique does not have any effect whatsoever of the edge of a trading system or methodology.
If we go back to gambling and gaming again as a reference, this is equivalent to saying that bet size can change or have an effect on the odds!!!! Absolutely untrue!!!
Best Regards,
NaderIgnored
Agree with you 100%.
Great to see you posting again.
Best wishes for 2011,
David