Turtles - Higher Intellect

that far exceeds the winners that you accumulate with the 99%
accuracy ratio.
View example image of hype.
Q. Money management is complicated?
A. No. TurtleTrader is not a fan of complicated money management
based on the unknown future. You can't predict the future. Keeping
things simple in terms of risk and volatility make more sense for real
trading. No academic proofs needed.
Q. One of the things that disturbs me about many money
management schemes is that they often neglect protecting open
profits. For example they might assume that we should only risk 1% of
our equity on a new trade but they will risk 15% or more of the equity
from an open position profit down to where the exit stop is. The
justification is that they are trying to maximize their profits by going
for the big winners. I see many traders giving back bigger profits than
they are catching. I think this is a big mistake. I like to protect open
profits more than most traders. Just seems logical to me.
A. Why is this logical to you? If you are so concerned about protecting
every dollar you happen to make, you will lose. You must be willing to
risk new profits to get larger gains. Your thinking is very similar to the
guy that thinks he is playing it safe by investing 100% in bonds.
Reality shows to not take risk is actually riskier. Think about it.
Market Proof
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