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Money Management seems to have almost as many meanings as the term "risk".
I'd like to see a discussion on money management methods and how to
implement it.
Lionel Issen
At 09:19 AM 2/11/98 -0700, Robert C. Richmond wrote:
>
>
>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?)
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