A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin
第二本:这本卖的比较贵一些,请大家海量。因为这本书我看过中译本,因此很想读他的英文版,但是找了很久都没有找到,最后在一个收费的下载网站上,下载它的专属下载软件才得以成功,险些因此重装电脑,所以要价高一些,请大家理解。谢谢。感觉虽然谈策略,谈技术的很多,但是真正重视,研究money management的好书,明白这方面重要作用的作者少之又少,大家往往重视选股荐股,却在自己的执行力,对资金的控制力上很没有底,所以真的向大家推荐trading series中的这本书。希望大家新年顺利!
Product Description 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.
From the Inside Flap Risk control tends to be the last thing that most traders focus on, perhaps because of the popular belief that it's their trading strategy that will generate great fortunes. But ultimately, a strategy alone won't create riches. A trader or investor needs to develop discipline, a strong financial psychology, and a sound money management system to maximize profits and keep them out of financial danger. In
A Trader's Money Management System, veteran trader Bennett McDowell offers readers an expert guide to the most important elements of money management in trading. McDowell shares his personal money management system, with the ultimate goal of helping you design your own system, customized to fit your risk tolerance, your experience level, and financial needs. He identifies the six types of risk to consider every time you make a trade—trade risk, market risk, margin risk, liquidity risk, overnight risk, and volatility risk—covering each in detail.
In easy-to-understand terms, the author then breaks down his system into five key elements. He first explains the
psychology of risk control, telling what issues to look for and how to address them in order to more effectively implement your money management system. McDowell then details a variety of
stop-loss approaches and gives you tips on how to make sure you adhere to them when they're hit. He follows with a discussion of
trade size, showing how to determine how large or small your trade size should be so that you are not overextending your risk. McDowell then covers the crucial element of
record keeping, and explains how it pays significant dividends. Finally, he shows how to design a realistic
personal plan—one that you will continue to use and profit from.
This book also equips readers with two valuable tools: A one-month free trial of Trade Size Calculator software and The Trader's Assistant recordkeeping materials. The trial Trade Size Calculator software is downloadable at
www.traderscoach.com (see Appendix A for details), and The Trader's Assistant recordkeeping materials can be photocopied directly from the book. These two tools complement the text and together provide a complete package that will deliver better results to your bottom line.