Looking to expand knowledge of position and money management

Discussion in 'Risk Management' started by Nexen, Aug 7, 2010.

  1. Nexen


    I'm sure someone has been on my shoes in the past so perhaps some kind soul out there can help me out.

    Any good threads in ET that touch the topics of money and position management ?

    Want to expand my skills in those departments and been looking around but just can't find anything with a good discussion.

  2. Maybe you should look for a book on the subject. What are you looking for? Optimal methods, simple methods, portfolio heat calculations, allocation?

    Too broad of a subject.
  3. wrbtrader


    Please explain your definition of position management :confused:

    Simply, some traders loosely use the term position management when in fact they are talking about trade management after entry instead of position size management (different shares/contracts/lots from one trade to the next trade or from one trading day to the next trading day).

  4. lescor


  5. I agree. Van Tharp's book is a great place to start. He the covers all the bases and provides a solid foundation.

  6. KingDong,

    Maybe after reading Dr. Van K. Tharp book I might start trading the way you suggested.....

    Eagerly awaiting more comments....