|
PureBytes Links
Trading Reference Links
|
Rick Mortellra wrote:
> My advice is to spend time developing a good money management strategy
> first, then apply it to a general market observation for you trading system.
> As long a you have discovered an observation that wins more money than it
> loses (not how often!) the money management system will keep you ahead.
>
> regards,
> Rick
Two observations:
1. I think I am not clear on what you include in "money management" in this
context. Could you focus that for me?
2. The analogy of "counting cards" in Black Jack, would seem to be quite
different as your bounds (seems to me) are much more tightly defined by the
known contents of the deck. (But maybe the analogy fits better if I can better
understand your money management concept?)
|