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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
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 Sonnysark@xxxxxxx
Sent: Friday, July 07, 2000 7:11 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Risk of ruin, amount per trade formula?
In a message dated 06/27/2000 6:10:43 PM Pacific Daylight Time,
grt@xxxxxxxxxxxx writes:
<< Mike
We used the Vince book. Seems to work for us. We discovered that we were
running a 100% risk of ruin. We modified our methodology and went to a 0%
risk of ruin. You wouldn't think there would be that big a difference
between investing 50% of your capital and 33%, but our account balances
have
proven it out. :)
Guy
Paranoia...you only have to be right once to make it all worthwhile!
>>
Guy where can I learn more about the Vince formula? Thanks, -Sonny-
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