Do you hate fund management that much?
Spend 90% of your time on method and 10% on money management. That’s why you lose
There are people who spend years chasing a holy grail.
But what decides whether you survive is not the method but money management.
But what decides whether you survive is not the method but money management.
Many traders devote most of their study time to the "method." Which indicators to use, when to enter, which patterns tend to win. They study the method late into the night, sacrificing sleep.
Meanwhile, they allocate hardly any time to money management. "How much can you lose on a single trade," "how to decide position size," "what is the daily loss limit"—few have ever seriously considered these.
This misallocation of time is the biggest reason for ongoing losses.The method is for "winning"; money management is for "surviving."And without surviving, there won't even be a chance to win.