Average Reviews:
(More customer reviews)I love author's DDRL(direction, discipline, risk and leverage) scores. We only buy after FA screen of 3:1 reward to risk,recongnize the definite trend and enter with the gap timing method. We only sell with 10-12% stoploss or lock in profit with rolling up stoploss. I discovred my weakness of trading "let loss run too long and sell winnners way too sooooooon!!! After I analyze my DDRL score, I realized the real problem of me not making money is because weakness although I have a very good trading system which gives me 70% winning odds.
Buy this book and read it again and again to control your maximum drawdown
Click Here to see more reviews about: Trading the Plan: Build Wealth, Manage Money, and Control Risk (Wiley Finance)
This is the first book of its kind to address the topic of money management for individual traders and to present a comprehensive, detailed plan for implementation. It explains how to create a management program that addresses the emotional aspects of trading, presents an offensive and defensive portfolio allocation strategy, defines risk and shows the reader how to identify risk tolerance. It offers hands-on advice on selecting screen trades using fundamental and technical analysis and shows how to work with an "anatomy of trade."
0 comments:
Post a Comment