Chorlton
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Chorlton, I thinkI know what you are saying, ie whether you get your trade in at the exact entry point you desire, or 1,2 or 5 points away doesn't matter, as long as you trade it well and exit properly. I understand that, and agree. But the post above clearly counts as well. If your entry is completely wrong surely money management, position sizing etc won't help, (although with a stop you won't get hurt as badly as above!)
... and thats basically the Exit isn't it ??
The only way to achieve this is to "cut losses quickly while letting the profits run". I know this is an old saying used many, many times but I would guess that not everyone who knows this phrase actually knows have to implement it correctly.
All IMO.
Chorlton