The Trading Game: Playing by the Numbers to Make Millions

ISBN-13: 9780471316985 / Angielski / Twarda / 1999 / 256 str.

Ryan Jones; Ryan Jones

Opis

Nearly every week investment experts offer up more winning trading systems-methods for identifying when to buy, hold, and sell stocks, bonds, futures, and options. Some work well, others less so. One thing they all have in common is that they only work for a limited period of time. The question, then, is what can the trader do on a regular basis that will give them an edge? The answer-money/risk management. This volume gives sophisticated investors and traders all the answers they are looking for. It walks the trader through the entire risk management system, showing them how many trades to place, what their maximum drawdowns will be, how to combine different markets and different systems for diversification, and how to increase profits and minimise losses. It also explains how to harness the power of money management for any trading system.

Spis treści

Why? What? Where? When? Who? How?

Why (Proper) Money Management?

Types of Money Management.

Practical Facts.

Fixed Fractional Trading.

Fixed Ratio Trading.

Rate of Decrease.

Portfolios.

Market Weighting.

Market Weighting through Money Management, Not before It.

Other Profit Protecting Measures.

Risk of Ruin.

The System.

Optimization.

Commodity Trading Advisors (CTAs) and Money Management.

Money Management Marriage.

Putting It All Together.

Index.

O autorze

RYAN JONES is the founder of Rumery & Lehman, Inc., a firm that educates traders on the importance of risk management. Mr. Jones developed Performance I Money Management software and publishes a monthly market letter, Smart Trading Market Letter.

Blurb

Clear, concise, and practical, The Trading Game shows you how to harness the power of money management for any trading method "The goal of most futures traders is to make a million dollars as fast and as painlessly as possible. Unfortunately, few traders achieve this goal. In The Trading Game, Ryan Jones demonstrates how the proper application of his new money management strategy, Fixed Ratio Trading, can enable an average trading system to earn spectacular profits. My advice? Don′t trade until you′ve spent as much time and effort on money management as you′ve spent on developing your entry and exit rules." –Tom Bierovic, Manager System Trading & Development Education, Omega Research, Inc. "Ryan Jones is on the cutting edge of the most important element in the art of speculation–be it stocks or commodities–money management." –Larry Williams, trader and author Long–Term Secrets to Shot–Term Trading "Money management is the most overlooked part of trading but is the key to building enormous wealth. Ryan Jones first overviews classical methods and then discusses a new paradigm which, combined with a reliable trading method, can lead to financial security." –Murray Ruggiero, President Ruggiero & Associates; contributing editor, Futures magazine "At last–a money management book that is not intimidating or boring. Ryan Jones has made a complex subject easier to understand and follow. I am especially excited for all independent traders." –Glen Ring, President, Glen Ring Enterprises editor of the widely respected View on Futures newsletter "Ryan Jones has always been one of the most innovative traders and creative minds in the industry. With the writing of The Trading Game: Playing by the Numbers to Make Millions, he has taken the science of money management and risk control to another level. I wholeheartedly endorse his efforts and recommend this new work required reading to anyone either just entering the trading arena, or already participating in it." –Ted Tesser, CPA and author, The Trader′s Tax Survival Guide