19-07-2005, 06:22
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#3 (permalink)
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level 3
Join Date: Mar 2005
Posts: 1,414
Rep Power: 5
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Re: Random entry with good money mgmt
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Originally Posted by bobnat
I've read the Market Wizards books and never saw that. Maybe it was the third one, which I didn't read.
However, it's an interesting story. If you do find the source, could you please post it here?
Whether true or not, it drives home the importance of money management and the relative unimportance of entry.
The last few weeks I've done a lot of work crunching numbers and deeply exploring money management. It's fascinating to see how a system with a 35% win rate can make so much money.
Nat
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Nat, do share. ...........
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