This step-by-step guide shows how to use stops to improve profit taking and reduce losses, add filters such as moving averages and breakouts to improve entry and exit points, and practice basic money management techniques to improve the performance of any trading system.
Price: $249.00
User Reviews about Trading Systems and Money Management (The Irwin Trader's Edge Series)
It doesn't matter how great your system is if you don't have a relevant money management strategy that will sustain you for the long run. Mr.Stridsman does just that. He does not pull punches in showing the relevance of trading systems and how useless they are if there is no money management component.He then goes on to show you how to combine these two seemingly disparate concepts into concrete solution for trading jus about any market.
Where he falters is in the mechanics of the actual items that you can trade. Especially with single stock futures now on the scene I would have like to have seen some examples of single stock futures in the book. In this instance I would combine Mr.Stridsman concepts with the book "Single Stock Futures For Small Speculators" or "Futures For Small Speculators".
Otherwise I was thoroughly impressed. -- Finally money management is combined with systems trading
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