And thanks for putting me in the league of Copernicus, Newton, and Einstein, et al.
MM (Money Management) is a topic that is almost never discussed.
What is the right MM?
- Is it 2% of account, 1% of account per order?
- Is it 2% of account and divide the amount by how much order's you intend to place?
- Do you scale in / scale out the lot size?
- Do you use Account Balance to determine the new lots size or Equity when in profit / loss?
- Do you compound lot size as account grow or stay with a fix lot size?
- Do you de-compound lot size after a loss or do you stay with a fix lot size?
- Do you set a target like 10 pips a day or place no target to reach?
Do you follow the advice of all the countless web-pages with google search / talking heads or do you go with what you find comfortable to trade with.
that is correct and true.
I removed the training wheels .... exactly what Big E did in his post#2617
I did the same in order to see the price action what TMS traders like X-Man and LE1 mentioned in their threads.
I no longer need use the lagging TDI to pick the best setups which are price action and momentum based.
I don't know what the actual argument is, but doctor Dave is far from a talking head, in fact he is the exact opposite. The man knows his stuff.
He gave sound advice about 10 pips a day.
Now that has changed how I trade in the past. From TDI crossover to crossover or try to get every pip the market is willing to give.
Today was a good example.
Get in, Get those 10 pips (if you can), Get out.
Emmanuel only showed again how vindictive he can be when members don't agree with him.
sure he knows only his stuff.
see what I mean. This pseudo doctor knows his stuff i.e. talk crap.
love people who talks crap in this thread becasue these crap people supports his crap nonsense M15H1 TDI V Line.
after that losinbg trade he took today, he needs to create distraction and divert atttention fro his poor trading skills
once again very poor reading comprehension skills.
only wants to read people support his Follow TDI green cross red trade.... everything else he mentally filters out.
no typo it is you who post in many other threads and talk like an expert in others' trading systems.
I dont post in those thread you did.
I post mostly in TMS related thread.
very good. now that you mention money management.
surely a lot of thinking for 10 pips a day.
that was my conclusion that you spend too much time on TDI ...
Tekkies spends too much on his TDI and Stochastics, now on his M15 & H1 V-lines gimmicks.
Tekkies did not spend enough time on Post#647 to learn Price Action, Support & Resistance and Market Consolidation.
Tekkies should spend more time on Money Management, Risk management for entries and exits.
Tekkies should learn to reduce his large number of BE trades, and How to Let Profits Run.
Tekkies will one day learn Post#2617 and he will realize that he can strip the TDI and Stochastics from his trading charts and he would then realize that taking trades would be a breeze and that the TDI is not in his WINNING EDGE equation.
The TDI is not part of the winning edge. The TDI is also no longer king.
Price action is king. RSI(3) is the 'queen'...
Craig NFF reversal candle with Stoch cross signal at support is great.
you read too much between the lines and think too much.
you get permanent brain damage.
Dave can you post again: Tekkies you promised.
Must say Emmanuel outdone himself this time with all those negative post's.
Therefore the Lord was very angry with Israel, and removed them out of his sight: there was none left but the tribe of
1 Kings 17:18
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