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Trading the Plan Build Wealth, Manage Money, and Control Risk (Wiley Finance)
ISBN: 047116979X     Date Published: 1997-09-08     Author(s): Robert Deel
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240 Pages
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06/20/2013 01:32:33
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Editorial Review - Book Description:

This is the first book of its kind to address the topic of money management for individual traders and to present a comprehensive, detailed plan for implementation. It explains how to create a management program that addresses the emotional aspects of trading, presents an offensive and defensive portfolio allocation strategy, defines risk and shows the reader how to identify risk tolerance. It offers hands-on advice on selecting screen trades using fundamental and technical analysis and shows how to work with an "anatomy of trade."

Book Info
Gives the individual trader in futures, stocks, and options a superb resource for investing, managing money, and limiting the profit-draining losses that can lead to financial disaster. DLC: Electronic trading of securities.
Customer Review:
Total Reviews: (10)
  (7)      (1)      (0)      (2)      (0)
(3) Shared
28 of 29 People found the following review helpful.

This is a must read book for a swing traders, January 7, 1999 By A Customer This review is from: Trading the Plan: Build Wealth, Manage Money, and Control Risk (Wiley Finance) (Hardcover) I love author's DDRL(direction, discipline, risk and leverage) scores. We only buy after FA screen of 3:1 reward to risk,recongnize the definite trend and enter with the gap timing method. We only sell with 10-12% stoploss or lock in profit with rolling up stoploss. I discovred my weakness of trading "let loss run too long and sell winnners way too sooooooon!!! After I analyze my DDRL score, I realized the real problem of me not making money is because weakness although I have a very good trading system which gives me 70% winning odds.Buy this book and read it again and again to control your maximum drawdown
12 of 12 People found the following review helpful.

Basic, but effective, December 7, 2001 By"lmm-trader" (Lisboa, Portugal) - See all my reviews This review is from: Trading the Plan: Build Wealth, Manage Money, and Control Risk (Wiley Finance) (Hardcover) This book is a paradox. How can just a few simple concepts explained in a somewhat shallow way be 'enough'?Well, i've read books on money management that go too far on systems and techniques that aren't that easy to grasp or implement. This book by Mr. Deel goes a long way on showing you ways to complement your trading system with just a few rules that will keep you alive for many losing trades in a row, if such a tragic situation ever occur. So, don't waste too much time on making a buying decision. This book is for you. If you're into mathematics, this one will leave you wanting. If you just want a simple and effective way to complement a trading system so that you'll be right there for that next trade with enough tradind capital, than this is it.If you trade futures only, look elsewhere...
16 of 18 People found the following review helpful.

great book, April 25, 1999 By A Customer This review is from: Trading the Plan: Build Wealth, Manage Money, and Control Risk (Wiley Finance) (Hardcover) Being a long term successful trader is about developing and then executing a disciplined plan. This book helped me use my market knowledge and experience to build a strategic framework. Having this plan to follow helps me to minimize the extenal and internal noise associated with aggressive investing and trading and gives me more confidence when pulling the's an excellent book!
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