Money management strategies- what is better?

[david_wood]

I agree you’re getting a lot of valuable comments, I just wanted to make sure new traders aren’t confused about what money management is.

If it doesn’t protect you from things like overleveraging, excessive drawdowns, and margin calls then, in my opinion, it’s not money management. But we’re each entitled to our own definitions and opinions. We’ll just have to agree to disagree on this one.

I actually agree with tour definition, I even think you expressed it well, but I think r/r and win rate may help you protect yourself, as a part of a full plan. I think that MM plan that does not refer to these parameters is not full.