MONEY MANAGEMENT STRATEGIES FOR TRADING: SCALE UP PERFORMANCE WITH KELLY CRITERION

This is a simple to apply guide for everyone who is willing to get introduced to the Money Management concept and apply it immediately in their trading. Some financial literacy is required to comprehend the full content of this book, but all the basic terms are explained in simple language with easy examples and tables. We wrote this book, because we saw that there is hardly any synthesized and accessible information available on this important and practical topic. We believe that understanding the Kelly Criterion and basic concepts of Money Management will save you a lot of efforts and money when trading. In no way is this book the complete source when it comes to Kelly Criterion. A lot of the complicated mathematic derivations has been simplified to present the content in engaging and understandable way. The information in this book is all you need to know to implement Money Management in your trading. We have taken all the important formulas and explained how you can implement these quickly. If you wish to learn more on this topic we have provided further reading sources for you (See Appendix A).