Free material:
http://www.tradingpatterns.com/Kelly.pdf
http://www.tradingpatterns.com/PositionSizing.pdf
The book is also excellent:
http://www.wiley.com/WileyCDA/WileyTitle/productCd-047022908X.html
Chapters 4 and 5 offer a good intro.
Ron
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Good sources on Money Management?
- Thread starter c.chugani
- Start date
Free material:
http://www.tradingpatterns.com/Kelly.pdf
http://www.tradingpatterns.com/PositionSizing.pdf
The book is also excellent:
http://www.wiley.com/WileyCDA/WileyTitle/productCd-047022908X.html
Chapters 4 and 5 offer a good intro.
Ron
Quote from ronblack:
Free material:
http://www.tradingpatterns.com/Kelly.pdf
http://www.tradingpatterns.com/PositionSizing.pdf
The book is also excellent:
http://www.wiley.com/WileyCDA/WileyTitle/productCd-047022908X.html
Chapters 4 and 5 offer a good intro.
Ron
Michael Harris' articles and books are excellent and so is his software APS Automatic Pattern Search. He is an honest author and trader who places emphasis on the limitations and pitfalls of trading systems.
Quote from c.chugani:
I've found this article helpful.
It is very objective - stops and profit targets are not determined arbitrarily, or based on risk tolerance; but rather based on the expectancy of each particular system.
In order to know the expectancy you must know the stops and profit targets. So how can one say that in turn, the expectancy determines stops and profit targets?
Ron