I was wondering if anyone could recommend some sources addressing the subject of cross-strategy or cross-market money management.
I’ve found that trading multiple strategies can lead a trader to become dangerously overexposed even with careful and conservative money management within the context of each individual system. It’s very easy to find yourself in multiple trades on the same few currencies in the course of a week and forty or fifty 1% losses…..ouch!
I’m sure there are those who have devised much more elegant solutions than the crude methods I have devised for dealing with this, but I really don’t find much discussion of this topic.
DQ
I’ve found that trading multiple strategies can lead a trader to become dangerously overexposed even with careful and conservative money management within the context of each individual system. It’s very easy to find yourself in multiple trades on the same few currencies in the course of a week and forty or fifty 1% losses…..ouch!
I’m sure there are those who have devised much more elegant solutions than the crude methods I have devised for dealing with this, but I really don’t find much discussion of this topic.
DQ
If you trade without a sense of humility, one will be provided for you.