PT  - JOURNAL ARTICLE
AU  - Paul Lajbcygier
AU  - Eugene Lim
TI  - How Important Is Money Management?
AID  - 10.3905/jot.2007.688950
DP  - 2007 Jun 30
TA  - The Journal of Trading
PG  - 58--75
VI  - 2
IP  - 3
4099  - https://pm-research.com/content/2/3/58.short
4100  - https://pm-research.com/content/2/3/58.full
AB  - Money management asks: given a trading system, how much should be risked per trade? We overlay two money management techniques on a popular profitable trading rule provided in Levich and Thomas [1993] and compare them with naive money management. We find that money management, although often neglected, is crucial in enhancing trading system performance.TOPICS: Portfolio construction, performance measurement