|
PureBytes Links
Trading Reference Links
|
Tom,
Yes, it is a core component of my system and dictates every position I take.
I've used it for about 8 years now. I would not have able to make decent
living trading without it. It is that important.
It is brutal in exposing system under- capitalization and improper position
size, probably the biggest errors most beginner traders make. The only real
downside is that it took me almost 2 years to digest and code it into an
integrated RT trading money/management system within Excel.
good luck,
Rick
Tokyo, Japan
----- Original Message -----
From: Tom Strickland <tstrickland@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, April 23, 1999 12:24 AM
Subject: Re: Money management
| Rick,
|
| Have you used the optimal-f method? If so, what is your opinion?
Drawbacks?
|
| Your comments or those of anyone else who has experience with optimal-f
| would be most welcome!!
|
| Tom
|
|
| At 08:46 PM 4/22/99 +0900, you wrote:
| >Ditto. His ideas have been embraced by many proprietary trading desks
over
| >the last 10 years. Make no mistake about it though, it is a very tough
read
| >and not for the mathematically challenged. I would recommend that you
start
| >with his "Portfolio Management Formulas" first. This was his first book
on
| >his key concept of trading at "optimal F." It's much easier and IF you
| >manage to put this valuable knowledge to use then you should move on to
"The
| >Mathematics of Money Management."
| >
| >
| >good luck
| >Rick
| >Tokyo, Japan
| >
| >
| >----- Original Message -----
| >From: TKruzel <TKruzel@xxxxxxxxxxxxxxxx>
| >To: <metastock@xxxxxxxxxxxxx>
| >Sent: Thursday, April 22, 1999 11:09 AM
| >Subject: Re: Money management
| >
| >
| >| In general I would recommend the book. How useful it is to any
| >| given individual depends upon the mathematical background of that
| >| person. I thought it was well written. IMHO would be traders spend
| >| much too much time creating indicators. None of these indicators in
| >| the long run will give you more than a 50:50 chance at making money.
| >
| >
| >
| >
|
|