RE: Risk of ruin, amount per trade formula?

["Guy Tann" <grt@xxxxxxxxxxxx>]

Thanks Glen.

While all three of us have backgrounds in math, statistics and economics, we
really haven't spent the time necessary to dive into Vince's books.  I think
that's why my brother took the easy way out and went with Balsara's charts.
:)

Guy

Paranoia...you only have to be right once to make it all worthwhile!

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Glen Wallace
Sent: Friday, July 07, 2000 6:49 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Risk of ruin, amount per trade formula?

To add to Guy's comments, Ralph Vince's first book, "Portfolio Management
Formulas," has a comprehensive chapter on risk of ruin.  His second book,
"The
Mathematics of Money Management," contains a condensed version of his first
book in the first chapter, but glosses over risk of ruin.  Both are
excellent
books and easily the most important books in my bookshelf.  They are not,
however, for the mathematically challenged.


----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 07, 2000 5:20 PM
Subject: RE: Risk of ruin, amount per trade formula?

> Sonny and Mike,
>
> I made an error here.  We bought the following books from Amazon.com:
>
> The new Money Management by Vince
> The Mathematics of Money Management by Vince
> Money Management Strategies for Future Traders by Balsara
>
> The "Risk of Ruin" chart we're using came from the Balsara book (according
> to my brother).  I'm ordering my own copy.
>
> I'm sorry if I misled anybody.
>
> Guy