The Successful Trader's Guide to Money Management
Home > Business and Economics > Finance and accounting > Finance and the finance industry > Investment and securities > The Successful Trader's Guide to Money Management: Proven Strategies, Applications, and Management Techniques(Wiley Trading)
The Successful Trader's Guide to Money Management: Proven Strategies, Applications, and Management Techniques(Wiley Trading)

The Successful Trader's Guide to Money Management: Proven Strategies, Applications, and Management Techniques(Wiley Trading)


     0     
5
4
3
2
1



Available


X
About the Book

Discover how to maximize the effectiveness of your trading techniques by applying the right money management techniques Money management is a central element of trading the financial markets, especially in uncertain times. Yet investors often misinterpret the central concepts of money management. To manage risk and obtain optimal rewards from your trades, you will benefit from a deeper understanding of how the professionals manage money. The Successful Trader’s Guide to Money Management describes the operating methods that seasoned investors use. With this book, you’ll avoid the common mistake of focusing too much on entry levels and stop-losses, and you’ll learn to consider the impact of proper money management on your final portfolio results. Successful traders focus on risk management, avoiding opening positions that are too large with respect to the total capital they have available. Packed with practical examples and with special focus on money management or position-sizing, The Successful Trader's Guide to Money Management offers a comprehensive coverage of widely practiced risk management models, examining their strengths and weaknesses. You will learn how to use the most effective operating models, including the Fixed Fractional, Fixed Ratio, and Percent Volatility models. This book also provides a thorough analysis of portfolio management models. These essential tips will nudge you toward a more winning position as you enter your next trades. Learn how the professionals manage money and avoid common trading mistakes Design a trading system that minimizes risk and maximizes reward through correct position sizing Understand the most important money and portfolio management models, including Fixed Ratio, Percent Volatility, Fixed Fractional, and more Equip yourself to trade smarter, individually or with a broker, on equity, derivatives and Forex markets For individual and institutional investors alike, this book is a ticket to more solid trading strategy, especially in uncertain times.

Table of Contents:
Foreword xi Preface xiii Chapter 1 Martingale and Anti-Martingale 1 1.1 The Right Stake 1 1.2 Martingale 2 1.3 Anti-Martingale 9 1.4 More Examples 15 1.5 A Miraculous Technique? 17 1.6 Conclusions 20 Chapter 2 The Kelly Formula 21 2.1 Kelly and Co. 21 2.2 Conclusions 31 Chapter 3 A Banal Trading System 33 3.1 Analyzing a System Based on Moving Averages 33 3.2 Applying the Kelly Formula 37 3.3 Conclusions 52 Chapter 4 Money Management Models 53 4.1 The Fixed Fractional Method 54 4.2 Optimal f 60 4.3 Secure f 65 4.4 Fixed Ratio 68 4.5 Percent Volatility Model 81 4.6 Levels for Changing the Number of Contracts 91 4.7 Conclusions 92 Chapter 5 Refining the Techniques 94 5.1 The Importance of the Trader’s Temperament 94 5.2 Reduced f 95 5.3 Aggressive Ratio 97 5.4 Asymmetric Ratio 99 5.5 Timid Bold Equity 100 5.6 Equity Curve Trading 103 5.7 z-Score 110 5.8 Conclusions 112 Chapter 6 The Monte Carlo Simulation 114 6.1 Using the Monte Carlo Simulation 114 6.2 Maximum Loss 135 6.3 Conclusions 139 Chapter 7 The Work Plan 141 7.1 Using a Work Plan 141 7.2 Conclusions 155 Chapter 8 Combining Forces 157 8.1 Using a Combination of Systems 157 8.2 Portfolio Money Management 168 8.3 Which Capital? 169 8.4 The Effects of Portfolio Money Management 173 8.5 Conclusions 180 Chapter 9 Money Management When Trading Stocks 181 9.1 Trading in the Stock Market 181 9.2 Conclusions 192 Chapter 10 Portfolio Management 193 10.1 A Portfolio Approach 195 10.2 Some Improvements to the System 208 10.3 Conclusions 214 Chapter 11 Discretionary Trading 215 11.1 Trading Criteria and Definition 215 11.2 An Example: Mediaset 218 11.3 Adjusting Volatility During the Trade 225 11.4 Trading Futures 228 11.5 Conclusions 245 Chapter 12 Questions and Answers 246 Appendix I 252 I.1 The Impact of a Trading System on Planning 252 I.2 The Trading System 252 Appendix II 268 II.1 Understanding the Type of Strategy 268 Appendix III 278 III.1 The Advantages of Forex 278 Appendix IV Online Trading 282 IV.1 The Trader 282 IV.2 Trading Profits 284 IV.3 Systematic or Discretionary? 286 IV.4 Choosing the Broker 287 IV.5 Which Platform? 288 Index 291

About the Author :
ANDREA UNGER is a full-time trader, educator, author and Founder and CEO of Unger Academy®. He is a highly sought-after speaker at conferences in Europe, the US, and APAC; a member of Mensa International; and an honorary member of the Italian Society of Technical Analysis.


Best Sellers


Product Details
  • ISBN-13: 9781119798804
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Height: 231 mm
  • No of Pages: 320
  • Returnable: N
  • Spine Width: 25 mm
  • Weight: 612 gr
  • ISBN-10: 1119798809
  • Publisher Date: 13 May 2021
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Series Title: Wiley Trading
  • Sub Title: Proven Strategies, Applications, and Management Techniques
  • Width: 160 mm


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
The Successful Trader's Guide to Money Management: Proven Strategies, Applications, and Management Techniques(Wiley Trading)
John Wiley & Sons Inc -
The Successful Trader's Guide to Money Management: Proven Strategies, Applications, and Management Techniques(Wiley Trading)
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

The Successful Trader's Guide to Money Management: Proven Strategies, Applications, and Management Techniques(Wiley Trading)

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    Fresh on the Shelf


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!