Trader's Money Management System : How to Ensure Profit and Avoid the Risk of Ruin by Bennett A. McDowell (2008, Hardcover)

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Author:McDowell, Bennett A. Book Binding:Hardback. We all like the idea of saving a bit of cash, so when we found out how many good quality used products are out there - we just had to let you know!

About this product

Product Identifiers

PublisherWiley & Sons, Incorporated, John
ISBN-100470187719
ISBN-139780470187715
eBay Product ID (ePID)64447720

Product Key Features

Book TitleTrader's Money Management System : How to Ensure Profit and Avoid the Risk of Ruin
Number of Pages224 Pages
LanguageEnglish
TopicDecision-Making & Problem Solving, Investments & Securities / Analysis & Trading Strategies, Investments & Securities / General, Personal Finance / General
Publication Year2008
IllustratorYes
GenreBusiness & Economics
AuthorBennett A. McDowell
Book SeriesWiley Trading Ser.
FormatHardcover

Dimensions

Item Height0.9 in
Item Weight14.3 Oz
Item Length9.3 in
Item Width6.3 in

Additional Product Features

Intended AudienceTrade
LCCN2008-006155
TitleLeadingA
Series Volume Number335
Table Of ContentForeword vii Preface ix Acknowledgments xi Diclaimer xiii Introduction This is My Money Management System 1 Part One Psychology of Risk Control 7 Chapter 1 It Just Ain't Sexy! 9 Chapter 2 Confidence in Your Plan 15 Chapter 3 Yin and Yang 23 Chapter 4 Risk Psychology and The Trader's Mindset 31 Part Two Stop-Loss Exits 37 Chapter 5 Not Every Trade Will be a Winner 39 Chapter 6 Entry Rules and Your Trading System 45 Chapter 7 Stop-Loss Exit Rules 55 Chapter 8 Scaling Out and Scaling In 65 Part Three Trade Size Does Matter 73 Chapter 9 Using Risk-of-Ruin Tables and the Optimal f Formula 75 Chapter 10 Using the Two Percent Risk Formula and Proper Trade Size Formula 83 Part Four Record Keeping and Profit/Loss Analysis 89 Chapter 11 Tracking Profit and Loss Results and More Formulas for Success 91 Chapter 12 Using Trade Posting Cards and Ledgers 99 Part Five Design Your Own Plan 131 Chapter 13 Know Thyself--Your Risk Profile and Discipline Profile 133 Chapter 14 Risk Management Rules to Choose From 139 Epilogue 149 Appendix A Getting Started with Your Trade Size Calculator Software 151 Appendix B The Trader's Assistant Record Keeping System 153 Appendix C The Art of Paper Trading 167 Appendix D Resources 173 Glossary 179 About the Author 203 Index 205
SynopsisMoney management may very well be the most important piece of the trading puzzle. In A Traders 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., 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 exits The value of managing trade size and consistent record keeping The process of putting together your own personal money management system Unlike 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., Praise for A TRADERS MONEY MANAGEMENT SYSTEM "I am pleased to strongly recommend this excellent book, A Traders Money Management System. If you are picking up this book, congratulations, since you have taken the first steps in following in the footsteps (by using proper money management) of successful traders." --Steve Nison, President, Candlecharts.com, and author of Japanese Candlestick Charting Techniques "Bennett McDowell demystifies money management for traders in his new book. With these simple, time-tested strategies, a trader will decrease the time it will take to become profitable." --Adrienne Toghraie, President, TradingOnTarget.com "Bennett McDowell does traders a HUGE favor in this valuable book by emphasizing the extreme importance of risk control and its vital place in a sound trading plan. Further, he provides knowledge of and access to specific tools, which enable the trader to implement his ideas simply and effectively. His simple straightforward treatment of a complex and often boring subject is a breath of fresh air and a worthwhile contribution to this important element so crucial to the achievement of successful trading results." --Edward D. Dobson, President,Traders Press Inc. The best-kept secret to trading success: money management Money management may very well be the most important piece of the trading puzzle. In A Traders 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 exits The value of managing trade size and consistent record keeping The process of putting together your own personal money management system Unlike 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.
LC Classification NumberHG4529.M386 2008

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