Every futures, options, and stock markets trader operates under a set of highly suspect rules and assumptions. Are you risking your career on yours? Exceptionally clear and easy to use, The Mathematics of Money Management substitutes precise mathematical modeling for the subjective decision-making processes many traders and serious investors depend on. Step-by-step, it unveils powerful strategies for creating and using key money management formulasabased on the rules of probability and modern portfolio theoryathat maximizes the potential gains for the level of risk you are assuming. With them, youall determine the payoffs and consequences of any potential trading decision and obtain the highest potential growth for your specified level of risk. Youall quickly decide: What markets to trade in and at what quantities When to add or subtract funds from an account How to reinvest trading profits for maximum yield The Mathematics of Money Management provides the missing element in modern portfolio theory that weds optimal f to the optimal portfolio.By failing to accurately understand the outcomes of their potential actions, many traders and serious investors have been operating blind. The Mathematics of Money Management injects a new degree of precision into your trading strategies.
|Title||:||The Mathematics of Money Management|
|Publisher||:||John Wiley & Sons - 1992-05-01|