
The Successful Trader's Guide to Money Management
Proven Strategies, Applications, and Management Techniques
- English
- PDF
- Available on iOS & Android
The Successful Trader's Guide to Money Management
Proven Strategies, Applications, and Management Techniques
About this book
Discover how to maximize the effectiveness of your trading techniques by applying the right money management techniques
Money management is a central element of trading the financial markets, especially in uncertain times. Yet investors often misinterpret the central concepts of money management. To manage risk and obtain optimal rewards from your trades, you will benefit from a deeper understanding of how the professionals manage money. The Successful Trader's Guide to Money Management describes the operating methods that seasoned investors use. With this book, you'll avoid the common mistake of focusing too much on entry levels and stop-losses, and you'll learn to consider the impact of proper money management on your final portfolio results.
Successful traders focus on risk management, avoiding opening positions that are too large with respect to the total capital they have available. Packed with practical examples and with special focus on money management or position-sizing, The Successful Trader's Guide to Money Management offers a comprehensive coverage of widely practiced risk management models, examining their strengths and weaknesses. You will learn how to use the most effective operating models, including the Fixed Fractional, Fixed Ratio, and Percent Volatility models. This book also provides a thorough analysis of portfolio management models. These essential tips will nudge you toward a more winning position as you enter your next trades.
- Learn how the professionals manage money and avoid common trading mistakes
- Design a trading system that minimizes risk and maximizes reward through correct position sizing
- Understand the most important money and portfolio management models, including Fixed Ratio, Percent Volatility, Fixed Fractional, and more
- Equip yourself to trade smarter, individually or with a broker, on equity, derivatives and Forex markets
For individual and institutional investors alike, this book is a ticket to more solid trading strategy, especially in uncertain times.
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Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Foreword
- Preface
- Chapter 1 Martingale and Anti‐Martingale
- Chapter 2 The Kelly Formula
- Chapter 3 A Banal Trading System
- Chapter 4 Money Management Models
- Chapter 5 Refining the Techniques
- Chapter 6 The Monte Carlo Simulation
- Chapter 7 The Work Plan
- Chapter 8 Combining Forces
- Chapter 9 Money Management When Trading Stocks
- Chapter 10 Portfolio Management
- Chapter 11 Discretionary Trading
- Chapter12 Questions and Answers
- Appendix I
- Appendix II
- Appendix III
- Appendix IV Online Trading
- Index
- EULA