since 1994
since 1994
MM is one of the critical elements for successful trading. It may not occur to many traders, but knowing how much money to put into a trade, and how many positions to open, is as important to success as knowing the direction in which a market is moving.
Legendary trader Larry Williams comments on money management this way: "Money Management - The Keys to the Kingdom. Here it is, the most important chapter in this book, the most important chapter in my life, the most valuable thoughts I can transfer from me to you."
MM is not the same thing as "Risk Management". Risk management normally refers to the use of protective stops during a trade. On the other hand, Money Management only deals with "trading size". Here the trading size means the number of shares for stocks, or contracts for futures and foreign currency.
A good, scientific MM strategy can help a winning system to yield much larger profits. However, MM is not a trading system and cannot turn a losing system into a winner. MM does not deal with entry or exit rules (signals). It only calculates the trading size of the next trade based on your current account balance. Therefore, you must first find a winning trading system before applying the MM strategy.
Money Management (MM) is one of the most important issues in trading. MM is not risk management (commonly known as "stops"). MM only deals with trading size - how many contracts or shares to trade while your account balance up or down. Built-in MM routine focuses on Account Management. It could improve the system performance with the same buy/sell signals.
The Cash Reserve Calculator of the MM is used to manage the risk of the trading account.
MM is for yearly or permanent users only. The price is $999/year or $1,999 to purchase.
Risk Disclosure: Futures and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Testimonial Disclosure: Testimonials appearing on this website may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
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