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Suggested Reading List for Risk & Money Management
The real money in trading is made with money management, aka position sizing, sometimes known as asset allocation. Once the trader can demonstrate an "edge", however large or small, then that edge can be exploited to dramatically grow a trading account. Without appropriate position sizing even traders with the best possible edge will not see substantial gains in their equity curve. To this end it is recommended the emerging trader become familiar with the following list. You don't have to become a mathematician or statistician, however, any effort spent in becoming familiar with position sizing will be more than worthwhile. "few traders understand that the position sizing strategy is the real trading plan" Money Management Strategies for Futures Traders New York, 1992 John Wiley & Sons Inc. Baratz, Morton S. Deel, Robert Gallacher, William R. Gehm, Fred Jones, Ryan Rotella, Robert Schwager, Jack Schwager, Jack Schwager, Jack Van K. Tharp Vince, Ralph Vince, Ralph Vince, Ralph |
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"After several years of giving my money to the Stock Market I met a man who set my path into financial prosperity and his name is Sidney Worth. I was, desperate and continually losing money. I highly recommend you follow Sidney's instructions and you can be profitable regardless of market conditions. Sidney, from the bottom of my heart. I love you and thank you." – Henry, from Canada More testimonials |
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