The techniques of money management can mean the difference between sound investing and reckless gambling in the futures markets. This long-awaited guide shows you the art of disciplined risk-taking in order to avoid getting annihilated as a speculator. In Money Management Strategies for Futures Traders, you'll learn how to integrate proven money management strategies into the trading of futures. Requiring almost no mathematical expertise, it shows you how to measure and limit risk-without compromising the enormous benefits that attracted you to these markets in the first place. You'll learn how to:
- Master the money management process and all its components
- Choose the markets that are right for you
- Assess your risk and reward trade-by-trade
- Allocate your capital across competing opportunities
- Use probability theory to reduce risk dramatically
- Use leverage intelligently
- Harness the laws of probability to improve your odds of success
- Make stop-loss orders work for, not against, you
- Diversify to reduce risk and maximize profit
- And much more!