money management HELP!

[Black Knight]

Originally Posted by rhodytrader

I'm sorry, but that's a horrible idea. Tight stops do not decrease risk, especially if you trade bigger.

Tight Stops Make Me Nervous

You're misunderstanding what I said. Obviously you cannot just arbitrarily bring stops in tighter - the stop has to be proportionate to your time frame and to your particular trading system in order to be effective.

I'm simply saying money management can be approached from 2 different angles... position sizing and stop distance. Strategies relating to stop placement, and management of positions once you're in them, is an entirely different conversation.

Apologies for any confusion.