The
Trading Game: Playing by the Numbers to Make Millions by Ryan Jones
Not
a week goes by that investment experts don’t offer us more winning trading
methods and systems. Some work better than others, but they all seem to stop
working sooner or later. To obtain---and maintain---an edge on a regular
basis, savvy traders need an effective money/risk management plan. Based on
sound trading principles, The Trading Game gives investors proven
risk management techniques that are not only easy to understand and apply,
but can lead to consistent and regular profits.
Written by Ryan Jones, whose seminars on risk management are eagerly
attended by traders nationally, this groundbreaking book shows you
step-by-step how to increase your trading profits without necessarily
increasing the performance of your trading system or method. By using the
management techniques described, you can reap greater profits whether the
method wins 25 percent of the time, 40 percent of the time, or 90 percent of
the time.
Unlike other books on risk management that tend to be loaded down with
complicated formulas and technical jargon, The Trading Game presents
the topic in a way that is clear, concise, and practical. Covering the
why’s, what’s, when’s, and how’s, it walks you through the entire
risk management process with complete details on everything from margin
requirements and fixed fractional trading to market weighting and protecting
profits.
Along with a complete, workable method for making $1 million in five
years or less, you’ll find straightforward guidelines on determining how
many trades to place, analyzing what their maximum drawdowns should be and
combining different markets and different systems for diversification.
You’ll also learn to assess whether you-re a conservative or aggressive
trader, what your goals are, and the degree to which you’re able to
tolerate risk.
An invaluable guide for every trader and sophisticated investor, The
Trading Game offers a powerful array of solutions to one of the most
puzzling problems in trading: how to keep losses small so that profits
accrue.
The author, Ryan Jones, is the founder of Rumery & Lehman, Inc., a
firm that educates traders on the importance of risk management. Mr. Jones
developed Performance I Money Management software and publishes a monthly
market letter, Smart Trading Market Letter.
240 pages
Contents
- Why? What? Where? When? Who? How?
- Why (Proper) Money Management?
- Types of Money Management
- Practical Facts
- Fixed Fractional Trading
- Rate of Decrease
- Portfolios
- Market Weighting
- Market Weighting through Money Management
- Other Profit Protecting Measures
- Risk of Run
- The System
- Optimization
- Commodity Trading Advisors (CTAs) and Money Management
- Money Management Marriage
- Putting It All Together
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