So there I was..reading the latest from the cheese and found out about the Coin Flipping Trading and had to check it out. Sure enough and the last line is a classic, "Dana, can we see the price bars" The answer is NO. But after having a little laugh there is a very important point here. Money Management is the real key in trading and if you are having problems this is the area you should be spending more time then looking for a next perfect filter....all kidding aside.
Poor money management causes a whole host of problems. Fear to take a trade, fear of losing money and fear that profits will slip away so you cover early for dimes instead of dollars.
You might want to check out the Kelly formula if you don't understand that I am talking about. At workshops I do, this is the first thing we go over....not the last thing if we have time..it's that important.
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