Hello
Yet another question before next hard week
I re-read a van Tharp's book recently.
He writes about money management:
"MM is NOT:
- The part of the system defining how much you might loose
- The part of the system defining how to control your risk"
He says: MM is the part of the system defining the size of the ALREADY OPENED position.
(hope I translated it more o less precise back to english)
So... guys, what about changing the position size AFTER having opened it?
It looks like every our MM discussion is in fact a discussion about something else...
Can anyone explain who is wrong?
van Tharp writing this? me understanding it wrong? or are we here all wrong about MM?
Yet another question before next hard week
I re-read a van Tharp's book recently.
He writes about money management:
"MM is NOT:
- The part of the system defining how much you might loose
- The part of the system defining how to control your risk"
He says: MM is the part of the system defining the size of the ALREADY OPENED position.
(hope I translated it more o less precise back to english)
So... guys, what about changing the position size AFTER having opened it?
It looks like every our MM discussion is in fact a discussion about something else...
Can anyone explain who is wrong?
van Tharp writing this? me understanding it wrong? or are we here all wrong about MM?
time is money!
Z