[RT] Re: Money Management: Consecutive Losses

[Thomas Pfluegl <thomas.pfluegl@xxxxxxxxxxxxxxxxx>]

Hi Ira,

Thanks for your answer.
>Money management is only one part of any business.  Like any other business 
>you have to know what you are doing to be successful.

In other businesses it's maybe only ONE part of the game but - in my
opinion - in THIS business it's THE part of the game.
Money management (i.e. position sizing) contributes at least 90% to your
success, the rest are indicators, news, sentiment, etc. and - luck.
I consider scale trading as something like the the opposite of good Money
management.

>Would you consider any other store front business a coin toss?
Of course not.

Regards & have a nice weekend,
Thomas 
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