Hi Folks,
I was wondering if any of you came across a good money mgmt 'system'?
I know for sure it all comes down to good money mgmt, if you have a system that works out well only 50% of the time, with proper money mgmt I got told you can turn this into a cashcow.
Oposit a system with high degree of success (+80%) you can still loose your account if you don't follow rules.
I am not looking at advice: don't risk on any trade more than xyz% of your account but I am more looking into profound background as to why one should not 'ride' the equity curve, so to say adopt the risk on trade according to loss and wins.
To not get me wrong again I am not thinking at the double the risk every loss thing (martinggale?) but rather something opposite: defense your risk incase of loss or multiple losses encountered.
Your help and advice is much appreciated!
EGI1610
I was wondering if any of you came across a good money mgmt 'system'?
I know for sure it all comes down to good money mgmt, if you have a system that works out well only 50% of the time, with proper money mgmt I got told you can turn this into a cashcow.
Oposit a system with high degree of success (+80%) you can still loose your account if you don't follow rules.
I am not looking at advice: don't risk on any trade more than xyz% of your account but I am more looking into profound background as to why one should not 'ride' the equity curve, so to say adopt the risk on trade according to loss and wins.
To not get me wrong again I am not thinking at the double the risk every loss thing (martinggale?) but rather something opposite: defense your risk incase of loss or multiple losses encountered.
Your help and advice is much appreciated!
EGI1610
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