Thank you, kore, for starting this thread as money management is what I'm obsessed with at the moment: trying to find the best MM approach to use with my preferred trading method (Elliott Wave Analysis).
I subscribe to the idea (with which capitalist88 also agrees) that the smaller one's account is, the bigger the risk one could take and vice versa. And I've indeed been using the fixed fractional position-sizing strategy thus far due to its relative simplicity.
I will try out your fixed ratio formula as well.
(If there are other elliotticians reading this thread -- and if kore would not mind -- can you tell me what MM method works best for you? Please PM me otherwise, thanks!)
I subscribe to the idea (with which capitalist88 also agrees) that the smaller one's account is, the bigger the risk one could take and vice versa. And I've indeed been using the fixed fractional position-sizing strategy thus far due to its relative simplicity.
I will try out your fixed ratio formula as well.
(If there are other elliotticians reading this thread -- and if kore would not mind -- can you tell me what MM method works best for you? Please PM me otherwise, thanks!)
Amor Fati--F. Nietzsche