Is this a comman Money Management?

Hi all,

I have come across this link in one of the turtle traders post. Is the money management style explained in this document similar to what many of the successful traders do?

After reading through this I started to understand how important the money management is for successful trading... But I should admit at this time its too complicated for a person like me... I can understand the concepts well from the document but I still have to make myself clear how these concepts are helpful in the long run... may be I should read this document few more times.....

This is the genuine article, (pun intended). If you want to read a bit more there is a book called Way of the Turtle by Curtis Faith, who was one of the original members of the Turtles and also the most successful.