ARTICLE SYNOPSIS ...Designing A Money Management Strategy Using Volatility-Based Stops And The Kelly Criterion by Ray Overholser,O.D. Sorting out the criteria for a coherent money management plan is a complex, detailed job. Using a spreadsheet to keep track of the logic helps ensure nothing has been omitted. With a little planning, you can develop a logically sound money management system. Historically, too much emphasis has been placed on the development of profitable entry and exit rules, whereas the determination of the proper number of contracts or shares to trade has been treated as a distant afterthought...