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Trading Books: The definitive guide to position sizing by Van Tharp
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Trading Books: The definitive guide to position sizing by Van Tharp
This is one of the most comprehensive trading books on the topic of position sizing. Position sizing is simply the method you use to determine how large each position should be after your trading system generates an entry signal.
Van Tharp covers all of the common position sizing models in the book giving clear advantages and disadvantages for each one. Tharp also covers a number of position sizing models that traders should avoid because they are too dangerous and you risk losing your entire account by using them.
The book also includes reviews of many different software packages to test trading systems and evaluate different position sizing strategies.
Traders who really want to optimise their trading to give them the best possible chance of meeting their objectives should read this book. I scored it a 4 out of 5.
Trading Books: The definitive guide to position sizing by Van Tharp
Trading Books The definitive guide to position sizing Van Tharp
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