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Thanks for your email
You wrote:
" ... At the moment, my primary focus is Risk and Money Management. I have
read somewhere, that you can quite easily transform a stable
trading system, i.e. one with a positive expectancy, into a profitable
system just by proper Risk- and Money management. To me, this
seems to be quite a promising idea: Just pick *any* entry-signal, and let
the rest be done by a proper r&m-m. Improving the
entry-signal, or even improving the exit can be done later and with lesser
risk. Because r&m-m keeps you in the game. ..."
You might want to check out the following site and article that was posted a
while back.
"... An excellent report on a recent presentation by Jack Schwager at
| http://www.adtrading.com/adt45/schwagwiz.hts Here is an excerpt ..."
"... Moreover, Schwager was keen to decry the notion that even a
fairly mediocre system allied to good risk management techniques will
ultimately win the day ..."
The English word "decry" means to disparage. It does not have any positive
connotations as another poster implied.
Neither technical indicators nor risk management by themselves create a
sustainable competitive advantage. To spend your time in these areas
exclusively means that you are ignoring the market itself ... and the market
inefficiencies and structural inefficiencies that you can exploit in the
"market".
===============
To others who wrote that they were exhaused, discouraged and wanted to quit
... 2 years is only the equivalent of a Junior College certificate. Look to
Steve Karnish's dedication and years of effort for inspiration. Starting
reading again ... and re-think your position. As they say "dig out your
foundations". The markets are not going to go away in your absence.
Best regards
Walter
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