Book description
Money management may very well be the most important piece of the
trading puzzle. In
A Trader's Money Management System
, expert Bennett McDowell provides time-tested techniques that can turn
a losing trader into a winning one?and take the winning trader to an
entirely new level. In revealing his personal approach to staying out of
trouble in the financial markets and maximizing profits, he offers
comprehensive insights into:
- The psychology of risk control as well as the finer aspects of
setting stop-loss exits
- The value of managing trade size and consistent record keeping
- The process of putting together your own personal money management system
Unlike other books that focus on the complex mathematical theories
behind money management, this book presents its system in
straightforward, easy-to-understand terms that will allow you to
quickly see how these concepts work and immediately benefit from the
value of effectively managing risk.
Bennett A. McDowell is the founder of
TradersCoach. com® and an expert in technical analysis and complex
trading platforms. Earlier in his career as a financial advisor,
McDowell used his own proprietary trading system to serve a community
of high-net-worth clients. This system is now known as Applied Reality
Trading®, or ART®, and is used by traders around the world in over
forty countries. McDowell lectures nationally and writes articles for
many leading trading publications, including Technical Analysis of
Stocks & Commodities magazine. He is a recognized leader in
trading education and is honored to be included as a member of the
eSignal “Trading with the Masters” team. McDowell is also the author
of The ART® of Trading, which is published by Wiley.
