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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: $36.45
You Save: $33.55 (48%)
New (36) Used (9) from $36.45
Avg. Customer Rating:  22 reviews
Sales Rank: 47411
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
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Product Description
Money management may very well be the most important piece of the trading puzzle. In iA Trader's Money Management System/i, 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: ul li p The psychology of risk control as well as the finer aspects of setting stop-loss exits li p The value of managing trade size and consistent record keeping li p The process of putting together your own personal money management system /ul p 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 17 more reviews...
 Becoming a Successful Trader October 13, 2008
3 out of 3 found this review helpful
A Trader's Money Management System by Bennett McDowell is a book well worth the time for anyone who is serious about becoming a "successful" trader. Money Management is of utmost importance if a trader is to become successful. Learning and applying proper money management will keep traders "in the game", thereby, giving themselves a chance to become profitable and successful. The author, Bennett McDowell, thoroughly covers the subject of money management and does so in a way to make it easily understood by anyone. He will help keep you "in the game." Some things he covers are the "why" of money management, rules, strategies, risk control, and record keeping. The concepts are straightforward and clearly explained. It is a "must" book that I will always refer to and keep in my trading arsenal.
 Rock Solid October 9, 2008
2 out of 2 found this review helpful
I don't care how good your trading method may be, if it does not incorporate a sound money management system your are sure to fail in the trading arena. This book lays out step by step how to create and implement a rock solid money management system to fit your trading method that will ensure your success as a Trader.
Great Read on the Most Important Component of Any Trading Strategy September 1, 2008
4 out of 6 found this review helpful
a href="http://www.amazon.com/review/RHJ41D0Z1V960"Watch Video Here: http://www.amazon.com/review/RHJ41D0Z1V960/a One of the few books out there that focuses completely on one of the most important, yet often overlooked aspects of trading, money management. Where other books tend to devote only a chapter or two on money management, Author Bennett McDowell devotes his entire 170 page book to the topic. Here you will find answers to some of the most important questions in trading such as why money management is so important yet often overlooked, the psychology of money management, strategies for placing stop losses, how to scale into and out of trades, and how to correctly size positions. Also included are sections on record keeping and how to analyze profits and losses, complete with record keeping documents that can be photocopied directly from the book.
Important Topic for Traders September 1, 2008
3 out of 3 found this review helpful
A very clearly written and readable text on the #1 topic for success as a trader. The book offers valuable advice on crafting a money management system tailored to your individual style and needs. In my opinion, one of the best books out there on this hugely important topic. What sets it apart is it's readability. This will be a book I come back to a lot, I am sure.
The Real Secret? August 30, 2008
2 out of 2 found this review helpful
I am a veteran of over 30 years of hands-on trading and a former member of many exchanges, NYSE, ASE etcbr /br /Even though I have been a successful trader I have always had a problem exposing myself to too much risk and undue stress.br /br /In this book the dedicated reader will gain useful insight into the only secret on Wall Street and that is money management.
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