Is Van Tharp's definitive guide to position sizing (2008) CHUD or WOKE?
chudrank score: 45 / 100 (roughly neutral). 0 is CHUD (right-wing), 100 is WOKE (left-wing).
Book by Van K. Tharp, 2008.
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Why: Trading and position-sizing; no political message
The "How Much" Factor: Your success as a trader has little to do with selecting the right investment or even having a great system. Instead, it has everything to do with the “how much” factor when you invest or trade. Investment professionals have called this factor “asset allocation” or “money management.” However, they failed to understand that the key aspect was “how much” to invest in any position. Others work so hard to get themselves a good system, but fail to realize that position sizing strategies are the key to getting what they really want. When you have a great trading system, it is certainly easier to meet your system objectives through your position sizing method; howev…