资金管理策略money management joe ross

《资金管理策略money management joe ross》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。

1、MoneyManagementbyJoeRossTherearesomecommonmistakesI’veseentradersmakeintheareaofmoneymanagement.First,let’sunderstandwhatmoneymanagementisallabout.Moneymanagementoverlapswithrisk,trade,business,andpersonalmanagement,yetithasmanyaspectsthatmakeitunique,distinc

2、tlydifferentfromalloftheotherareasofmanagement.Inthischapterwewanttoexaminesomeareasofmoneymanagementthatseemtoinvolvementalquirksleadingtocostlymistakes.ListeningtoOpinionKimhasenteredashortpositionincrudeoilaftercarefullystudyingasmanyfactorsasshecouldreaso

3、nablyincludewhilemakingherdecisiontotrade.Shehasenteredthetradebecauseherstudyoftheunderlyingfundamentalshasherconvincedthatcrudeoilpricesmustsoonbegintofall.ThenKimturnsonhertelevisionsetandbeginstowatchoneofthefinancialnewsstations.An“expert”incrudeoilisbei

4、nginterviewed.Hebeginstotalkabouthowcrudeoilinventoriesarealmostcertaintodropthisyearbecauseoilcompaniesarenotdoingasmuchexplorationastheyhaveinpreviousyears.Kimlistensintentlytowhathehastosayandthenbeginstodoubtherdecisionaboutthetradeshehasentered.Themoresh

5、ethinksaboutit,themorepanickyshebecomes.Sheconsidersabandoningherpositioneventhoughshewillendupwithaloss.Thefactthatan“expert”hasdecidedsomethingelsecompletelyshakesherconfidence.Sheexitsthetradeintradayandtakesa$400loss.Priceshavenotcomenearherprotectivestop

6、,whichwas$700awayfromherentry.Themarketnevermovessufficientlyfartohavetakenoutherstop.Bytheendoftheday,hercrudeoilfutureshavemadeanewhigh,andinthefollowingdaysexplodesintoagenuinebullmarket.Insteadofamagnificentwin,Kimhasaloss.Thelossismorethanmoney,shehaslos

7、tconfidenceinherself.Whatshouldbedone?Youshouldsetyourowntradingguidelinesandtradewhatyousee.Forgetaboutopinion,your ownandespeciallythatofothers.Unlessyouareoneofaveryrarebreedwhoseopinionsaresufficientlygoodfortrading,donottradeonthem.Makeanevaluationbasedo

8、nthefactsyouhaveandthengowiththetrade.Justbesureyouhaveastrategyforextricatingyourselfbeforelossesbecomebig.HadKimstayedwithheroriginalstrategyandstopplacement,shewouldhaveendedupahappywi