Summary and Info
I read this book a while back, on the recommendation of Bennett McDowell who wrote "A Trader's Money Management System" A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading) and finally have had a chance to put my thoughts in a review.
I'm surprised by the negative reviews of this book -- it is an effective book on getting you to analyze your risk, and he even gives you the 1-1/2% and 2% risk of ruin tables to do that. Nice of him to do the programming so that we can determine which is the right risk amount to take on each trade at the lower end of the percentage scale.
His equity curve chapters are also important in helping to shed light on how to look at performance in a meaningful way. This is one of the most useful books available today -- in a sea of not so useful books. It's really worth adding to your library.
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