TY - JOUR T1 - How Important Is Money Management? JF - The Journal of Trading SP - 58 LP - 75 DO - 10.3905/jot.2007.688950 VL - 2 IS - 3 AU - Paul Lajbcygier AU - Eugene Lim Y1 - 2007/06/30 UR - https://pm-research.com/content/2/3/58.abstract N2 - 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 ER -