The Risk of Trading

Beschreibung

Develop the skills to manage risk in the high-stakes world offinancial speculation The Risk of Trading is a practical resource that takes anin-depth look at one of the most challenging factors oftrading--risk management. The book puts a magnifying glass onthe issue of risk, something that every trader needs to understandin order to be successful. Most traders look at risk in terms of a "stop-loss" that enablesthem to exit a losing trade quickly. In The Risk of Trading,Michael Toma explains that risk is ever-present in every aspect oftrading and advocates that traders adopt a more comprehensive viewof risk that encompasses the strategic trading plan, account size,drawdowns, maximum possible losses, psychological capital, andcrisis management. * Shows how to conduct a detailed statistical analysis of anindividual's trading methodology through back-testing and real-timeresults so as to identify when the methodology may be breaking downin actual trading * Reveals why traders should think of themselves as projectmanagers who are strategically managing risk * The book is based on the author's unique 'focus on the risk'approach to trading using data-driven risk statisticalanalytics Using this book as a guide, traders can operate more as businessmanagers and learn how to avoid market-busting losses whileachieving consistently good results.

Autor*in

Michael Toma

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Börsenhandel Finance & Investments Finanz- u. Anlagewesen Trading

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"The Risk of Trading is a call to arms for the trader who either keeps no trading journal at all or simply records profit and loss. Metrics are critical to success." (Seeking Alpha, May 2012)
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