Disliked{quote} you missed my point...even with good money management you can still lose!Ignored
- Joined Oct 2011 | Status: Member | 1,418 Posts
Small disciplines repeated with consistency lead to great achievements.
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
Personal Take Profit and Stoploss (per human, not per trade) 0 replies
One trade per daily bar, or per X bars on current timeframe 0 replies
1 trade per pair per year 6 replies
Rationale behind "Risk Per Trade" and "Risk/Reward Ratio"? 8 replies
Disliked{quote} you missed my point...even with good money management you can still lose!Ignored
Disliked5% is really dangerous and it become more fatal if you are a begginerIgnored
Dislikednot only beginners but i think its more risky for any kinds of traders, but experience traders can handle the risk when trading.Ignored
DislikedYeah its not that good for beginners. But i would say it depends more on the type of trader you are, your experience and skills.Ignored
Disliked{quote} No doubt on it; but I see pro traders following the money management rules so tightly! As a result, they don’t lose a huge portion of their trading account!Ignored
Disliked{quote} When you are experienced trader, the biggest difference between you and a rookie trader is how much you stick with your strategy and Money Management. People who are successful at trading sticks with their strategy no matter what. Usually it's better to start with small risks and use those small trades to get the experience and after some time, you can up your profits by trading with more money on the same risk level or by raising the risks you take.Ignored
Disliked{quote} This is a problem with learning to trade...too much theory. The only way you will ever know how much you can bear losing is to start losing. Also, you have to deal with the constant fact of losing, separate from the money, beating on your mind. I've been through some very long losing streaks, but hung in because I didn't go beyond my loss limits. It's like anything in life, theory is great, and necessary, but the theory needs to be put into practice. The results then inform the theory and the theory will change. Then more application, more...Ignored
Dislikedi have a interesting question , what you think there is any difference between knowledge and experience ? sometimes i feel its all about same issue. its all about same issue.Ignored