Turtles are what we call a group of traders trained by Richard Dennis and William Eckhardt in the most famous experiment in trading. I wrote a series of articles about turtle trading, the story behind Wall Street legend. In this article, we will learn more about the turtles, the techniques that made them millionaires. A [...]
Posts Tagged ‘managing trading money’
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When to Begin Applying Money Management?
Posted by Taro on May 20th, 2010
Trader tend to believe that they do not need to address money management until they can prove that a particular trading system will work and they can make money using it. This is the most common areas for serious mistakes by traders and it is a costly mistake. As I have always mentioned that a [...]
Money Management & Expectations
Posted by Taro on May 9th, 2010
As I have always said that money management is a component of a complete trading system. In this article, I will paint you a clearer picture on the effect of money management in trading. Furthermore the expectation of trading will brought to discuss here to see how it relates to money management. In order to [...]
Why Martingale Betting System Never Works in Trading?
Posted by Taro on May 2nd, 2010
I wrote some articles on martingale betting system and even provided an example of using martingale as money management system in trading from my experiences. Of course it made me lose. In this article, we will find the reason while it never works. Firstly, let me explain what martingale is for those who have never [...]
Risk of Ruin
Posted by Taro on April 3rd, 2010
The term Risk of Ruin in trading refers to the probability of losing entire trading account because of a string of losses. For example if you are trading a futures contract, when you go long or sell the chances that the prices will move in the same direction as your opened positions is 50 percent. [...]
