A Mathematical Game Plan by Gene Carey
ARTICLE SYNOPSIS ...MONEY MANAGEMENT A Mathematical Game Plan by Gene Carey
Here's how the elements of a successful trading plan - profits, losses, commissions and slippage - can be used to quantify performance goals.
I t's a given: Operating with a game plan is a necessary ingredient in trading success. A trader needs to develop a plan that suits his or her personality and provides an efficient means of operating in the trading framework of choice, be it intraday trading the Standard & Poor's 500, position trading oats, or anything in between.
What does it mean to have a game plan? What is a game plan, ho...