{"product_id":"a-traders-money-management-system-isbn-9780470187715","title":"A Trader's Money Management System","description":"Money management may very well be the most important piece of the trading puzzle. In \u003ci\u003eA Trader's Money Management System\u003c\/i\u003e, 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:  \u003cul\u003e \u003cli\u003eThe psychology of risk control as well as the finer aspects of setting stop-loss exits\u003c\/li\u003e \u003cli\u003eThe value of managing trade size and consistent record keeping\u003c\/li\u003e \u003cli\u003eThe process of putting together your own personal money management system\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUnlike 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.\u003c\/p\u003e \u003cp\u003eForeword vii\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eDiclaimer xiii\u003c\/p\u003e \u003cp\u003eIntroduction This is My Money Management System 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Psychology of Risk Control 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 It Just Ain’t Sexy! 9\u003c\/p\u003e \u003cp\u003eChapter 2 Confidence in Your Plan 15\u003c\/p\u003e \u003cp\u003eChapter 3 Yin and Yang 23\u003c\/p\u003e \u003cp\u003eChapter 4 Risk Psychology and The Trader’s Mindset 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Stop-Loss Exits 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 Not Every Trade Will be a Winner 39\u003c\/p\u003e \u003cp\u003eChapter 6 Entry Rules and Your Trading System 45\u003c\/p\u003e \u003cp\u003eChapter 7 Stop-Loss Exit Rules 55\u003c\/p\u003e \u003cp\u003eChapter 8 Scaling Out and Scaling In 65\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Trade Size Does Matter 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 9 Using Risk-of-Ruin Tables and the Optimal \u003ci\u003ef\u003c\/i\u003e Formula 75\u003c\/p\u003e \u003cp\u003eChapter 10 Using the Two Percent Risk Formula and Proper Trade Size Formula 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Record Keeping and Profit\/Loss Analysis 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Tracking Profit and Loss Results and More Formulas for Success 91\u003c\/p\u003e \u003cp\u003eChapter 12 Using Trade Posting Cards and Ledgers 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Design Your Own Plan 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 Know Thyself—Your Risk Profile and Discipline Profile 133\u003c\/p\u003e \u003cp\u003eChapter 14 Risk Management Rules to Choose From 139\u003c\/p\u003e \u003cp\u003eEpilogue 149\u003c\/p\u003e \u003cp\u003eAppendix A Getting Started with Your Trade Size Calculator Software 151\u003c\/p\u003e \u003cp\u003eAppendix B The Trader’s Assistant Record Keeping System 153\u003c\/p\u003e \u003cp\u003eAppendix C The Art of Paper Trading 167\u003c\/p\u003e \u003cp\u003eAppendix D Resources 173\u003c\/p\u003e \u003cp\u003eGlossary 179\u003c\/p\u003e \u003cp\u003eAbout the Author 203\u003c\/p\u003e \u003cp\u003eIndex 205\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eBENNETT A. M\u003csmall\u003eC\u003c\/small\u003eDOWELL\u003c\/b\u003e is the founder of TradersCoach.com\u003csup\u003e®\u003c\/sup\u003e\u003csup\u003e \u003c\/sup\u003eand 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\u003csup\u003e®\u003c\/sup\u003e, or ART\u003csup\u003e®\u003c\/sup\u003e, and is used by traders around the world in over forty countries. McDowell lectures nationally and writes articles for many leading trading publications, including \u003ci\u003eTechnical Analysis of Stocks \u0026amp; Commodities\u003c\/i\u003e 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 author of \u003ci\u003eThe ART\u003c\/i\u003e\u003csup\u003e®\u003c\/sup\u003e\u003ci\u003e of Trading\u003c\/i\u003e, which is published by Wiley.     \u003c\/p\u003e\u003cp\u003e\u003ci\u003ePraise for\u003c\/i\u003e\u003cb\u003e A TRADER'S MONEY MANAGEMENT SYSTEM\u003c\/b\u003e   \u003c\/p\u003e\u003cp\u003e\"I am pleased to strongly recommend this excellent book, \u003ci\u003eA Trader's Money Management System.\u003c\/i\u003e If you are picking up this book, congratulations, since you have taken the first steps in following in the footsteps (by using proper money management) of successful traders.\" \u003cb\u003e—Steve Nison, President, Candlecharts.com, and author of\u003c\/b\u003e \u003cb\u003e\u003ci\u003eJapanese Candlestick Charting Techniques\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Bennett McDowell demystifies money management for traders in his new book. With these simple,  time-tested strategies, a trader will decrease the time it will take to become profitable.\"\u003cbr\u003e \u003cb\u003e—Adrienne Toghraie, President, TradingOnTarget.com\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Bennett McDowell does traders a HUGE favor in this valuable book by emphasizing the extreme importance of risk control and its vital place in a sound trading plan. Further, he provides knowledge of and access to specific tools, which enable the trader to implement his ideas simply and effectively. His simple straightforward treatment of a complex and often boring subject is a breath of fresh air and a worthwhile contribution to this important element so crucial to the achievement of successful trading results.\"\u003cbr\u003e \u003cb\u003e—Edward D. Dobson, President,Traders Press Inc.\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe best-kept secret to trading success: money management\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eMoney management may very well be the most important piece of the trading puzzle. In \u003ci\u003eA Trader's Money Management System\u003c\/i\u003e, 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: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe psychology of risk control as well as the finer aspects of setting stop-loss exits\u003c\/li\u003e \u003cli\u003eThe value of managing trade size and consistent record keeping\u003c\/li\u003e \u003cli\u003eThe process of putting together your own personal money management system\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUnlike 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988646609125,"sku":"NP9780470187715","price":73.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470187715.jpg?v=1761781104","url":"https:\/\/k12savings.com\/products\/a-traders-money-management-system-isbn-9780470187715","provider":"K12savings","version":"1.0","type":"link"}