Description
Money management may very well be an 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 regulate in addition to 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 target the complex mathematical theories at the back of money management, this book presents its system in straightforward, easy-to-have in mind terms for you to let you quickly see how these concepts work and instantly get pleasure from the value of effectively managing risk.