The successful trader's guide to money management : proven strategies, applications, and management techniques / Andrea Unger.

Format:

Book

Author/Creator:

Unger, Andrea, 1966- author.

Series:

Wiley Trading

Language:

English

Subjects (All):

Portfolio management.

Investments.

Physical Description:

1 online resource (320 pages)

Place of Publication:

Hoboken, New Jersey : Wiley, [2021]

Summary:

"The book describes the various operating methods used by traders and professional investors to calculate how much of their capital can be used in individual transactions. Money management is a fundamental aspect for managing risks faced by any trader when operating on the various financial markets. Most operators, in fact, focus on identifying the operational set-ups (entry levels, stop-loss, take profit, trailing-stop) and do not consider the impact, very often decisive, that a proper money management could have on the final results of its operations. 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 the widely practiced investment techniques, examining their strengths and weaknesses and explains the various operating models, in particular, the Fixed Fractional, Fixed Ratio and Percent Volatility models. With respect to portfolio management, it provides a thorough analysis and discussion on the Core Equity, Total Equity and Reduced Total Equity models. The book also offers essential tips for building and designing a trading system, trading on Forex and choosing a broker"-- Provided by publisher.

Contents:

Cover

Title Page

Copyright

Contents

Foreword

Preface

Chapter 1 Martingale and Anti‐Martingale

1.1 The Right Stake

1.2 Martingale

1.3 Anti‐Martingale

1.4 More Examples

1.5 A Miraculous Technique?

1.6 Conclusions

Chapter 2 The Kelly Formula

2.1 Kelly and Co.

2.2 Conclusions

Reference

Chapter 3 A Banal Trading System

3.1 Analyzing a System Based on Moving Averages

3.2 Applying the Kelly Formula

3.3 Conclusions

Chapter 4 Money Management Models

4.1 The Fixed Fractional Method

4.2 Optimal f

4.3 Secure f

4.4 Fixed Ratio

4.5 Percent Volatility Model

4.6 Levels for Changing the Number of Contracts

4.7 Conclusions

References

Chapter 5 Refining the Techniques

5.1 The Importance of the Trader's Temperament

5.2 Reduced f

5.3 Aggressive Ratio

5.4 Asymmetric Ratio

5.5 Timid Bold Equity

5.6 Equity Curve Trading

5.7 z‐Score

5.8 Conclusions

Chapter 6 The Monte Carlo Simulation

6.1 Using the Monte Carlo Simulation

6.2 Maximum Loss

6.3 Conclusions

Chapter 7 The Work Plan

7.1 Using a Work Plan

7.2 Conclusions

Chapter 8 Combining Forces

8.1 Using a Combination of Systems

8.2 Portfolio Money Management

8.3 Which Capital?

8.4 The Effects of Portfolio Money Management

8.5 Conclusions

Chapter 9 Money Management When Trading Stocks

9.1 Trading in the Stock Market

9.2 Conclusions

Chapter 10 Portfolio Management

10.1 A Portfolio Approach

10.2 Some Improvements to the System

10.3 Conclusions

Chapter 11 Discretionary Trading

11.1 Trading Criteria and Definition

11.2 An Example: Mediaset

11.3 Adjusting Volatility During the Trade

11.4 Trading Futures

11.5 Conclusions

Chapter12 Questions and Answers

Appendix I.

I.1 The Impact of a Trading System on Planning

I.2 The Trading System

Appendix II

II.1 Understanding the Type of Strategy

Appendix III

III.1 The Advantages of Forex

Appendix IV Online Trading

IV.1 The Trader

IV.2 Trading Profits

IV.3 Systematic or Discretionary?

IV.4 Choosing the Broker

IV.5 Which Platform?

Index

EULA.

Notes:

Description based on print version record.

Includes index.

ISBN:

9781119798828

1119798825

9781119798835

1119798833

9781119798811

1119798817

OCLC:

1249473913