Sunday, March 21, 2010

Position sizing reference materials?

I suggest all aspiring traders get Josh Lukeman's excellent underrated tome "The Market Maker's Edge", which among other things it does well in spite of its dated (1999) appearance is articulate sound position sizing rules. You can find a link to that book in my reference link section of this blog.

http://traderbigt.blogspot.com/p/reference.html

You should learn to do this quick in your head or with the windows calculator fast, without tools, but some cheat sheets are available for the lazy.

For doing quick math, I have found a link to a FREE position size calculator software download with a .pdf file explaining its use:

http://www.stator-afm.com/free-money-management-software.html

http://www.stator-afm.com/support-files/article_positionsizingprimer.pdf




I once had this on my old machine, but when trying to use in on my newer Vista 64 bit pc, I ran into .dll issues. Older computers may not have such conflicts. This link might solve them, but I have not tried it:

http://www.hardwareanalysis.com/content/topic/61412/ 

A pay version from another developer with a shareware version or trial which I have not tried is located at:

http://www.adaptrade.com/possizing.htm

An online version free for personal use from another developer is available here:

http://oak.ucc.nau.edu/del/stockcalcs/sizer.aspx

This is a cheesier version of the same idea from a web page source which does not require a download.

A good online .pdf viewer that is stable is:

http://www.pdfescape.com/pdf/open/

It allows you to use it as an unregistered guest and tiles its pages with easy navigation, so no download is needed, just input the URL of the file to load into your browser. 
 

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