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A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading) | 
| Author: Bennett A. Mcdowell
Creator: Steve Nison
Publisher: Wiley
Category: Book
List Price: $70.00
Buy New: $37.34
You Save: $32.66 (47%)
New (24) Used (4) from $36.37
Avg. Customer Rating:  12 reviews
Sales Rank: 32444
Media: Hardcover
Number Of Items: 1
Pages: 210
Shipping Weight (lbs): 0.7
Dimensions (in): 9.1 x 6.2 x 1
ISBN: 0470187719
Dewey Decimal Number: 332.645
EAN: 9780470187715
ASIN: 0470187719
Publication Date: July 8, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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| Editorial Reviews:
Product Description
Money management may very well be the most important piece of the trading puzzle. In A Trader's Money Management System, expert Bennett McDowell provides time-tested techniques that can turn a losing trader into a winning oneand take the winning trader to an entirely new level. In revealing his personal approach to staying out of trouble in the financial markets and maximizing profits, he offers comprehensive insights into: -
The psychology of risk control as well as the finer aspects of setting stop-loss exits -
The value of managing trade size and consistent record keeping -
The process of putting together your own personal money management system Unlike other books that focus on the complex mathematical theories behind money management, this book presents its system in straightforward, easy-to-understand terms that will allow you to quickly see how these concepts workand immediately benefit from the value of effectively managing risk.
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| Customer Reviews: Read 7 more reviews...
Great Book, easy read July 28, 2008
3 out of 3 found this review helpful
Money management has and will always be the most important ingredient to preserving your capital and making money trading. Many trader's spend there time looking for the Holy Grail and a system that has a high winning percentage without thinking about money management. The emphasis on that Bennett places on this topic is invaluable along with a trading system that works if you have the discipline to follow it.
 stay in the game July 28, 2008
3 out of 3 found this review helpful
Trading is more about not losing money than about winning trades. After reading, "A Trader's Money Management System" by Bennett McDowell, I learned how not the lose my shirt and stay in the game. Not every trade will be a winner. So, be prepared and manage your risk. I would recommend this book to any serious trader.
Money Management is Key July 28, 2008
4 out of 4 found this review helpful
Money Management is key to any trader's trading plan. This book describes in detail how to avoid the total risk of ruin my managing your losses. I first met the author at the Trader's Expo in Ontario this year. Class act.
Staying in the game July 27, 2008
4 out of 4 found this review helpful
A great primer and detailed system on avoiding big losses. The key to profitable trading is adpoting and sticking to a money management system that will protect you against big loses. Planing the trade after calling market direction then implementing a system that keeps your losses small and let's your winners run will allow you to stay in the game. This book outlines such a system that can work to avoid the risk of ruin for a disiplined trader.
 Almost Great July 27, 2008
1 out of 6 found this review helpful
"A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin"...is an example of "how to do as i say, not as you are likely to do". While it appears clear that much effort is exercised at accomplishing a "system", this "system" does not address the uncontrollable variables inherent in the human condition. As most know already, systems will in time fail and no person is prepared to ensure profit and to suggest that the information contained in this text could do such is blatantly misleading. The book was written to sell itself, not to competently educate the trader.
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