First off, let’s start off by looking at position sizing. Position sizing, in its most basic aspect, is the dollar amount being invested in any security on any trade. Every successful trader will have pre-determined rules for their trading account. Obviously, each individual position size will be based upon account size, risk tolerance and belief […]
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By Michael J. Carr, CMT Blackjack players at a casino will spend a lot of time deciding how much to bet on each hand. At least the serious ones do. Often, they even have a system. Traders may be surprised to realize they might not be as well prepared as savvy card players. Position sizing, […]
Jeff Quinto presentation on money management in trading. In this exciting presentation, Jeff shows you how he and other successful floor traders learned to handle the money in their trading account.