@article {Lajbcygier58, author = {Paul Lajbcygier and Eugene Lim}, title = {How Important Is Money Management?}, volume = {2}, number = {3}, pages = {58--75}, year = {2007}, doi = {10.3905/jot.2007.688950}, publisher = {Institutional Investor Journals Umbrella}, abstract = {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}, issn = {1559-3967}, URL = {https://jot.pm-research.com/content/2/3/58}, eprint = {https://jot.pm-research.com/content/2/3/58.full.pdf}, journal = {The Journal of Trading (Retired)} }