Please review my money management...

NexusFi · 2012-04-27T21:51:30-04:00

Hi Liquidcci, Thanks for the link, have run through the videos and product looks excellent. Sure thing. I would not scale at all until you have gone through the learning process and really developed a system that works. I am an advocate of SIM to start but at some point you have to go live. Live adds the a whole different element to the game. SIM is like watching videos of riding a bike. You can learn much but at some point you have to get on the bike and probably will get some bruises. But getting …

Discussion in Psychology and Money Management

Updated April 28, 2012

Please review my money management...

April 27th, 2012, 09:51 PM

#21 (permalink)

Big Mike

Manta, Ecuador

Site Administrator
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Swing Trader

Experience: Advanced

Platform: Custom solution

Broker: IBKR

Trading: Stocks & Futures

Frequency: Every few days

Duration: Weeks

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mokodo

Hi Again,

Thought I'd bump my own thread for the sake of an update.

10 months or so later and the money management - in retrospect - did it's job. The main goal of having (a complicated) approach was to keep me in the game whilst I was finding my way. And it did just that. After trying countless chairs I found one in which I am comfortable and profitable. And it is absolutle not the type of trading I thought would suit me when I started out.

Nicely done. You've already succeeded more than most, with that.

Mike