|
Excellent post iGor,
After many years of searching for the holy grail I have to say that MM absolutely crucial.
The problem with MM is that it is something that also needs to be optimized if near maximum results are desired. The optimization is based on the system you are trying to trade.
Thus MM leaves one just as perplexed in the end, because MM is usually based on probabilities that something usually not not happen so and so many times in a row (grids, semi-martingales, martingles etc), but usually, sooner or later it does...
Please provide us with some guidence as to how you approach MM, as I may simply be missing something.
|