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epi JWBK182-McDowell April 25, 2008 16:33 Printer: Yet to come
Epilogue
M
yplanisthatA Trader’s Money Management Systemwill simplify
some otherwise complicated information in a way that will make
is easy for you to implement. And once implemented, my hope is
that you will generate greater profits than you ever did before by executing
a well-thought-out risk control plan.
Money management has become one of my favorite parts of trading,
and the dream is that this book may popularize this area of study and “make
it sexy” to a point where it is something most everyone enjoys working on.
My idea is to spell out each step very simply and clearly so that you can
instantly know, step by step and formula by formula, what you need to do.
The mathematical formulas in this book are not incredibly difficult to
implement, but I think in the past many traders have been intimidated by
the mathematical complexities of trading and money management. I’d like
to change that for as many traders as possible—take away the fear and
intimidation of the math.
I think the key is to start with the essentials. When you have the foun-
dation of your plan laid out, you can explore some of the more complicated
aspects (mathematical and otherwise) using the books that are listed in the
resources section. Once you’ve mastered the basics of money management,
you can always take it to the next level.
May you happily manage your risk, embrace your risk, and not fear
your risk for the rest of your trading career.
BENNETTA. MCDOWELL
San Diego, California
March 2008149