Money Management books

Quote from acrary:



One thing I noted was if you use 1/2 of optimal f then fixed ratio beats the performance during the first year or two until the fixed fractional catches up. I'm working on estimating the crossover point to see if it makes sense to start with one and switch to the other.
More...

Acrary,

This is familiar to me in that Ryan Jones advocated doing this vis-a-vis the 1) "generic" fixed fractional (of which optimal f is but one of the variants) versus 2) the fixed ratio... it obviously makes sense to start with with the "accelerated" fixed fractional and then make the transition to the "equal effort per size increment" fixed ratio at the crossover point... I remain stumped, though, on which factor to impute into the fixed ratio calculation in order to obtain the hypothetical crossover point (assuming you have chosen a given risk factor for the fixed fractional technique, how do you go about "choosing" the factor for the fixed ratio, in order to enable you to draw the crossover chart?)... basic fixed fractional methodologies have served me well to date but I, one assumes like you, am starting to get that "toppy size" feeling :p

Candle
 
Use the Google search term exactly as given, and you may find something of interest: /mm/jones.pdf

Nothing to do with me (I ain't Russian), but it could save you a trip to the bookshop :cool:

Moderator: feel free to delete this post, if you think its a no-no...
 
Quote from triple_j:

wow you've got quite a good grasp on this stuff. You're batting 100%. thanks 4 your insights. I just posed my question coz there are people who buy this stuff and take the advice and spend the money, but who are those giving the advice? What puts them in the position of an 'expert' to give info on 'money managament' to the public. Its kind of a farce if you think about it.

this whole 'book' thing sometimes strikes me as a complete joke.

have a nice day,

triple
More...
Following up on your suspicion, in "Investment Secrets of a Hedge Fund Manager" by Connors & Hayword, the preface states, "A publisher of a major financial publishing house told us that more than 90 percent of the trading books on the market today are written by individuals who do not trade for a living... their primary income is derived from sources outside of trading."

"Batting 100%" is equivalent to "batting 1,000", right?
 
Ryan Jones Fixed Ratio is the best out there.

Personally I am a fan of Ryan Jones. After reading The Trading Game, I am so convinced it will work and backtest it and yes it work.

I bought his video both the basic and advanced course. Easier to under thru video but not neccessary. His book and video talk about the same thing. But I have no regret buying his book and video.

Good luck trading
 
Winner Take All by Gallacher makes a mockery of most other money management books. He takes a nice chunk out of Ralph Vince's hide.

Of particular interest is his observation that risking 6% on a trade is no more risky that risking 2% on a trade.

The money management chapter is quite brief, but quite thought provoking. Also a lot of insight into diversivication and risk exposure.

Best all around trading book I have read.

Probably can get it cheap at www.tradersbrain.com
 
You must log in or register to reply here.
Back
Top