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The Mathematics of Money Management: Risk Analysis Techniques for Traders
by Ralph Vince(Author)

















From the PublisherPermits traders in the futures, options and stock markets to create profitable trading formulas based on the rules of probability and modern portfolio theory. Shows how to develop and utilize key formulas which minimize losses, maximize profits and avoid excessive risk. Reintroduces the idea of ``optimal-f'' and its use in weighing and assigning values to the components of a trader's portfolio. Includes a computer program for immediate hands-on usage of techniques described.

From the Inside FlapUntil now, money management practices have been driven by a loose collection of highly subjective rules of thumb. By failing to accurately understand the outcomes of their potential actions, many traders and serious investors have been operating blind. The Mathematics of Money Management injects a new degree of precision into your trading strategies. Based on the rules of probability and modern portfolio theory, it shows you how to create and use these money management techniques in the futures, options, and stock markets. And you don’t need to be a PhD to exploit these strategies. Every equation and formula is easy to understand, and practical examples are provided for immediate hands-on use of the trading techniques discussed. By wedding the precepts and practices of modern portfolio theory to the concept of optimal f, The Mathematics of Money Management shows how to gauge the payoffs and consequences of every potential trading action, before you take it. Armed with this information, you’ll obtain the greatest potential investment growth for your specified level of risk, no matter what your chosen market. You’ll use these time-tested strategies to:

• Evaluate the risks and rewards of any potential trading decision
• Accurately weigh and assign values to the components of any portfolio
• Determine exactly how many contracts to trade for a specific market and/or system
• Maximize profits under reinvestment trading
• Prognosticate future system performance
  

Series: Wiley Finance (Book 18)
Hardcover: 400 pagesPublisher: Wiley; 1 edition (April 17, 1992)Language: English