Dear Fellow Traders!
I would like to start a thread about Money Management and position handling. There are many threads about MM but there are few (I didnt found any) with explanations and pictures, and as I see not many traders are interested in it. They rather wanna search for another supermeganew indicator then think about MM.
With right MM you do need a big RR (of course bigger the better) but even 1:1 is enough to make stable income. Question is where to cut position and how to enter the market. If there is any interest in it pls let me know and we will go forward with that case.
About me: I am a trader for 10 years, I was hard time as we all I think, now I am doing good for last 4 years. Trading EU, GU, AU, EJ, GJ, UJ, EC, UC, NU + GOLD. I am studying and digging for new (or maybe forgotten) ideas binded with MM.
Waiting for your replies!
Cheers to all!
I would like to start a thread about Money Management and position handling. There are many threads about MM but there are few (I didnt found any) with explanations and pictures, and as I see not many traders are interested in it. They rather wanna search for another supermeganew indicator then think about MM.
With right MM you do need a big RR (of course bigger the better) but even 1:1 is enough to make stable income. Question is where to cut position and how to enter the market. If there is any interest in it pls let me know and we will go forward with that case.
About me: I am a trader for 10 years, I was hard time as we all I think, now I am doing good for last 4 years. Trading EU, GU, AU, EJ, GJ, UJ, EC, UC, NU + GOLD. I am studying and digging for new (or maybe forgotten) ideas binded with MM.
Waiting for your replies!
Cheers to all!