Few traders use consistent and safe position sizing methods.Few traders understand their objectives.The purpose of position sizing is to help traders meet their objectives.
Here are some of the main theses expressed in Tharp's book: If possible, it is probably best to borrow it from a friend for some time before you decide whether you want to spend so much money on this book. Tharp, money management is the single most important factor in trader's success.īefore reviewing the book, it must be told that this book is very expensive. The Definitive Guide to Position Sizing is not an exception - you will learn almost everything about money management for whatever you are trading - be it futures, options, stocks, or currencies, but nothing about how to enter positions for those assets. Tharp is that you may expect to get a lot of useful ideas and guidelines for trading without reading anything at all about entry and exit signals, which usually take up a big part in trading books by other authors. What is great about reading a book by Van K.
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