Dislikedpeople say "to make money The key points are money management and discipline", i wonder what is money management? is it martingale? you cant predict the future price. so when should you add your position ? how did you know you wont fail?Ignored
Basically, the rule of thumb you should apply in your money management approach is to risk fixed % of your deposit per trade. Take for example 1%. Basically with growth of your equity, absolute amount of money (1% from equity) should increase and in absolute terms your bets are growing. But we are more concerned about relative stability because this is how you can achieve constant risk per trade expressed in money and reduce volatility of your returns.