New money management system?

[nswnsw4]

As most of you know money management is key to being profitable. But most money management systems I have seen seems repetitive. The typical 2%, 1-2 profit loss ratio, set stop loss at 1.5 ATR. Do you guys have a money management system that is profitable and that is completely unique. Would be interested to hear.

 

[barjon]

No money management system can be profitable in its own right, it will probably keep you in the game for longer, though.

you might be interested in this https://www.trade2win.com/articles/2006-trading-business

 

[Quantt]

As most of you know money management is key to being profitable. But most money management systems I have seen seems repetitive. The typical 2%, 1-2 profit loss ratio, set stop loss at 1.5 ATR. Do you guys have a money management system that is profitable and that is completely unique. Would be interested to hear.

This should be based on your own trading systems and back testing, to start I would recommend checking Kelly criterion

Kelly criterion - Wikipedia

en.m.wikipedia.org

 

[Arnav Deshmukh]

I think adjusting position sizes based on volatility or using trailing stops is good. Always backtest and be ready to adapt any strategy, whether it's standard or unique, as markets change.