|
PureBytes Links
Trading Reference Links
|
Larry Williams in his book Long-Term Secrets to Short-Term Trading sums up
his discussion of money management nicely by concluding, "If you are Tommy
Timid, use 5 percent of your bank; should you think you are Normal Norma, use
10 percent to 12 percent; if you are Leveraged Larry, use from 15 to 18
percent; and if you are Swashbuckling Sam or Dangerous Danielle, use excess
of 20 percent of your account...and go to church regularly."
-Sonny-
"Speculation is not bad, but bad speculation is a disaster."
|