Value At Risk For The Small Investor by Mike B. Siroky, MD
Protecting your capital and limiting losses is fundamental to trading. But how can you estimate your possible losses for better risk management? Here’s a method you can use.
It is a fact that all traders at some point will suffer a string of losing trades that could wipe out their trading capital (known as “gambler’s ruin”). To mitigate this risk, proper money management is critical ...