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Permits traders in the futures, options and stock markets to create profitable trading formulas based on the rules of probability and modern portfolio theory. Shows how to develop and utilize key formulas which minimize losses, maximize profits and avoid excessive risk. Reintroduces the idea of ``optimal-f'' and its use in weighing and assigning values to the components of a trader's portfolio. Includes a computer program for immediate hands-on usage of techniques described.
Until now, money management practices have been driven by a loose collection of highly subjective rules of thumb. 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. Based on the rules of probability and modern portfolio theory, it shows you how to create and use these money management techniques in the futures, options, and stock markets. And you dont need to be a PhD to exploit these strategies. Every equation and formula is easy to understand, and practical examples are provided for immediate hands-on use of the trading techniques discussed. By wedding the precepts and practices of modern portfolio theory to the concept of optimal f, The Mathematics of Money Management shows how to gauge the payoffs and consequences of every potential trading action, before you take it. Armed with this information, youll obtain the greatest potential investment growth for your specified level of risk, no matter what your chosen market. Youll use these time-tested strategies to:
This book intelligent and is well written. However, it's discussion is contingent on accepting that maximizing the geometric growth rate (i.e. Read morePublished on June 22 2000
Optimal F is Ralph Vince's baby but it doesn't take into consideration that there is a trade out there that will take you out of the market. Read morePublished on Sept. 9 1999
The book delivers a good and detailed description of the money management, portfolio issues and much more. Recommended !Published on June 29 1998 by email@example.com