What a coincidence (do coincidences actually exist???) that just as I’ve been thinking more about money management Worden has had a run of users writing in about money management. Here are some of those letters which were published in the Worden Report (emphasis & links added by yours truly):
Posted by 28 April 2006
Worden Users on the Pareto Principle, Position Sizing and the Kelly Criterion
Posted by 26 April 2006
My Path to 100 R in Profits from Day Trading
I’ve been doing a lot of thinking about money management and compounding of late. The other day I realized that I’d accumulated over 100 R of profits since I began day trading. (1 R = my initial dollar risk on any given trade.) More specifically it’s 100 R from when I started my current trading [...]
Posted by 5 February 2006
Trades of the Week (February 1 – 3, 2006)
Posted by 20 August 2005
Thoughts on Day Trading
2011 Update: You may also be interested in my article, Tools of the Trade, detailing how I trade as well as my hardware and software setup. 2010 Update – I (Mike) now trade exclusively with MB Trading. I suggest using stock brokers comparison site StockBrokers.com to compare the best day trading brokers. I’ve been exclusively [...]
Posted by 2 January 2005
Surviving Speculation
Here’s an article by Adam Hamilton about how to speculate successfully. It covers what should be familiar topics — money management, position sizing, trailing stops and expecting the unexpected. Here’s a snippet: This week I would like to discuss tactics that speculators can use to survive and thrive in a limitless environment. The markets could [...]
