Special Report on Money Management V.Tharp

Hi

Who else has taken a look at that report from v. tharp ?

hope some of you did .. so that we can discuss some models..

where he shows different models of money management . i would be interrested on your opinions and wich model or wich mix of models would be best to be applied on forex in general ?


i thought about the percent margin model ,the volatility model , group control , periodic money management adjustments.. core equity , and total core equity ..

i thought about mixes like .. base equity risk is controlled by the percent margin and the single trades are maneget via volatility .. or vice versa ?

looking for some input from you guys..


cheers

I didn't read his book but most of the traders I stumbled across told me that his work is brilliant, I'm sure there are some people here who can discuss it with you.

For me trading is risk management, I don't care about how much I'm going to profit on this trade but instead I pay close attention to the risk associated to it and keep it to a minimum.

I would open 2 lots for a trade and close 1 lot when I reach the same amount of profit as I risked, then move the other lot to break-even so that it'll be a risk free trade and from there I would let it run until a major S/R level or it reverses and closes the trade at break-even which would be fine for me on both circumstances.