Matt Bowen
12-17-2004, 12:43 PM
"People are always looking for the "real" secrets of trading success, but their mental biases always have them looking in the wrong places and at the wrong things" - Van Tharp
I wanted to share with you one of the tools that I used to learn how to position size with (some traders call is Risk sizing) whatever you want to call it, you MUST understand this part of trading in order to succeed.
Van Tharp has produced one of the best tools in trading for learning the concept of position sizing. I encourage you to download this tool and use it. In fact, I challenge you to download this portfolio simulator and see if you can successfully manage a portfolio and make it to level 4 (the first three levels are free).
I have the full version and it's one of the best training tools you will ever use for learning position sizing. You can download the software here:
www.iitm.com/products/Trading-game.htm (http://www.iitm.com/products/Trading-game.htm)
Best regards,
I wanted to share with you one of the tools that I used to learn how to position size with (some traders call is Risk sizing) whatever you want to call it, you MUST understand this part of trading in order to succeed.
Van Tharp has produced one of the best tools in trading for learning the concept of position sizing. I encourage you to download this tool and use it. In fact, I challenge you to download this portfolio simulator and see if you can successfully manage a portfolio and make it to level 4 (the first three levels are free).
I have the full version and it's one of the best training tools you will ever use for learning position sizing. You can download the software here:
www.iitm.com/products/Trading-game.htm (http://www.iitm.com/products/Trading-game.htm)
Best regards,