Tuesday, September 04, 2012

Poignant words on Risk Management

Finally, I have often heard traders link their appetite for risk With their masculinity, business actuuen, as Well as a Wide Variety of other irrational associations. S1u'e, traders Want to live on the edge, but do they Want to die out there, too'? Risk nlanagenient is a no fooling, no second chances proposition. Since you only need to get risk management Wrong once, there is absolutely no roo1u for bravado, ego, or irrationality when it comes to the business of managing risk. To paraphrase Larry Hite, "If you don't bet, you can't Win. If you lose all your chips, you can't bet."9
Richard Weissman, "Trading like a Casino"
Remember, it is not about proving your manhood in trading, which is what happen in the Malaysian Futures market where trading volume (so that one can boast about it) like a headless chook is the norm...


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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil



From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system