Money management may very well be the most important piece of thetrading puzzle. In A Trader's Money Management System,expert Bennett McDowell provides time-tested techniques that canturn a losing trader into a winning one?and take the winning traderto an entirely new level. In revealing his personal approach tostaying out of trouble in the financial markets and maximizingprofits, he offers comprehensive insights into:
* The psychology of risk control as well as the finer aspects ofsetting stop-loss exits
* The value of managing trade size and consistent recordkeeping
* The process of putting together your own personal moneymanagement system
Unlike other books that focus on the complex mathematicaltheories behind money management, this book presents its system instraightforward, easy-to-understand terms that will allow you toquickly see how these concepts work and immediately benefit fromthe value of effectively managing risk.