The Mathematics of Money Management Book Review

This is a no-nonsense look at the mathematical calculations needed to optimize investment and trading return on any winning strategy. Using these technique you can take a profitable trading strategy and turn it into a very profitable trading strategy. A number of the concepts and techniques that the author talks about in this book are used in producing the figures that you will see in the Trading Strategies section of this web site.

You need to know how to manage the money that is in a trade and how to scale in, scale out and build positions that are defined by risk and exposure. You need to know all of this information and build a Money Management plan before you place your first trade. Without a sound Money Management technique you're wasting your money on the next trade that you make.