Money Management Matrix by Peter Nilsson
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:12 (70-71, 73): Money Management Matrix by Peter Nilsson
Whether you're a systems trader or a discretionary trader, here's a systematic money management technique you can apply.
Being a discretionary trader in stocks as opposed to a systems trader often is viewed as not being systematic. Although discretionary trading allows the trader greater freedom to use his or her intuition and experience, the core approach or plan can and should be systematic. Much like a business statement, the trading plan should deal with all aspects of trading from practical issues to tra...