Trader's Money Management System

How to Ensure Profit and Avoid the Risk of Ruin

AvBennett A. McDowell

Inbunden, Engelska, 2008

Del 335 i serien Wiley Trading

514 kr

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Beskrivning

Money management may very well be the most important piece of the trading puzzle. In A Trader's Money Management System, expert Bennett McDowell provides time-tested techniques that can turn a losing trader into a winning one?and take the winning trader to an entirely new level. In revealing his personal approach to staying out of trouble in the financial markets and maximizing profits, he offers comprehensive insights into: The psychology of risk control as well as the finer aspects of setting stop-loss exitsThe value of managing trade size and consistent record keepingThe process of putting together your own personal money management systemUnlike other books that focus on the complex mathematical theories behind money management, this book presents its system in straightforward, easy-to-understand terms that will allow you to quickly see how these concepts work and immediately benefit from the value of effectively managing risk.

Produktinformation

Utgivningsdatum:2008-07-18
Mått:160 x 235 x 25 mm
Vikt:360 g
Format:Inbunden
Språk:Engelska
Serie:Wiley Trading
Antal sidor:224
Förlag:John Wiley & Sons Inc
Medarbetare:Nison,Steve
ISBN:9780470187715

Utforska kategorier

Finansiering inom Ekonomi och Ledarskap

Mer om författaren

BENNETT A. MCDOWELL is the founder of TradersCoach.com® and an expert in technical analysis and complex trading platforms. Earlier in his career as a financial advisor, McDowell used his own proprietary trading system to serve a community of high-net-worth clients. This system is now known as Applied Reality Trading®, or ART®, and is used by traders around the world in over forty countries. McDowell lectures nationally and writes articles for many leading trading publications, including Technical Analysis of Stocks & Commodities magazine. He is a recognized leader in trading education and is honored to be included as a member of the eSignal "Trading with the Masters" team. McDowell is also author of The ART® of Trading, which is published by Wiley.

Innehållsförteckning

Foreword viiPreface ixAcknowledgments xiDiclaimer xiiiIntroduction This is My Money Management System 1Part One Psychology of Risk Control 7Chapter 1 It Just Ain’t Sexy! 9Chapter 2 Confidence in Your Plan 15Chapter 3 Yin and Yang 23Chapter 4 Risk Psychology and The Trader’s Mindset 31Part Two Stop-Loss Exits 37Chapter 5 Not Every Trade Will be a Winner 39Chapter 6 Entry Rules and Your Trading System 45Chapter 7 Stop-Loss Exit Rules 55Chapter 8 Scaling Out and Scaling In 65Part Three Trade Size Does Matter 73Chapter 9 Using Risk-of-Ruin Tables and the Optimal f Formula 75Chapter 10 Using the Two Percent Risk Formula and Proper Trade Size Formula 83Part Four Record Keeping and Profit/Loss Analysis 89Chapter 11 Tracking Profit and Loss Results and More Formulas for Success 91Chapter 12 Using Trade Posting Cards and Ledgers 99Part Five Design Your Own Plan 131Chapter 13 Know Thyself—Your Risk Profile and Discipline Profile 133Chapter 14 Risk Management Rules to Choose From 139Epilogue 149Appendix A Getting Started with Your Trade Size Calculator Software 151Appendix B The Trader’s Assistant Record Keeping System 153Appendix C The Art of Paper Trading 167Appendix D Resources 173Glossary 179About the Author 203Index 205