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I was wondering what anyone thinks about the following books:
1. The Trading Game by Ryan Jones
2. Winner Take All by William Gallacher (The Money Management Chapter)
3. The Hedge Fund Handbook by Stefano Lavinio
4. Quantitive Money Management by Fred Gehm
5. Money Management Strategies for Futures Traders by Nauzer j. Balsara
6. The Education of a Speculator by Niederhoffer (Gambling the Vig chapter)
I think that none of the books mention anything about volatility and how
that effects your money management. The Ryan Jones book and Gallacher expose
a lot of the existing theory out there. Lavino and Niederhoffer discuss how
the Vig and leverage can kill you.
Can volatility be predicted? GARCH? How do you factor in your "vig" so that
you know if you really have an edge?? It seems all of these books are
missing some very important information in the money management puzzle.
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