The Trading Game : playing by the numbers to make millions [PDF]

Summary
Here on this page, we have provided the latest download link for The Trading Game : playing by the numbers to make millions PDF. Please feel free to download it on your computer/mobile. For further reference, you can go to wiley.com

The Trading Game : playing by the numbers to make millions – Book

I hesitate even to bring up this subject in a book that is focused on providing practical money management knowledge and applications. I often receive calls from wannabe know-it-alls who will discuss a method so intelligently and then bring up the subject of risk of ruin.

Basically, my reaction is “who cares!” The risk of ruin has absolutely zero practical application in trading. Running through the calculations to determine the risk of ruin on any particular method is also completely useless. Unlike most other applications contained in this book, there is no call to action with the risk of ruin. It just “is.” It is a statistic that is there.

There is a statistic for just about every possible dotted “i” and crossed “t” in the realm of trading. Most are useless. We might look at them and say, wow, I didn’t know that. But beyond enticing a wow from us, they have no further value. Such is the case with the risk of ruin.