of his book "Long-Term Secrets to Short-Term Trading", titled "Money Management the Keys to the Kingdom" with these words:
"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. I have nothing of more value that I could possibly give you than what you are about to learn. This is not an overstatement."
then ends it with:
"So there it is, my money management formula:
There are probably better and more sophisticated approaches, but for run-of-the-mill traders like us, not blessed with a deep understanding of math, this is the best I know of. The beauty of it is that you can tailor it to your risk/reward personality. If you are Tommy Timid, use 5 percent of your bank; should you think you are Normal Norma, use 10 percent to 12 percent; if you are Leveraged Larry, use from 15 percent to 18 percent; and if you are Swashbuckling Sam or Dangerous Danielle, use in excess of 20 per cent of your account ... and go to church regularly.
I have made millions of dollars with this approach. What more can I tell you: you have just been handed the keys to the kingdom of speculative wealth."
http://www.elitetrader.com/vb/printthread.php?threadid=59325
Figyelem: az immáron megszűnt freeblogról megmentett és újra publikált aranyláz posztok semmilyen formában sem képezik az én tulajdonom, és az abban foglaltakért semmilyen felelőséget sem vállalok. Ha a szerzőnek (András) kifogása merül fel az újbóli publikálást illetően, kérem, kommentben vagy üzenetben keressen meg.
