The Definitive Guide To — Futures Trading Larry Williams Pdf New Hot!
Risk management is perhaps the most critical section of Williams’ teaching. Despite his reputation for high returns, he preaches the necessity of "Position Sizing." He famously uses a formula to determine how many contracts to trade based on a fixed percentage of account equity. This ensures that a string of losses—which Williams views as inevitable—does not result in a total account "blow-up." He emphasizes that the secret to longevity in futures trading is staying in the game long enough for the high-probability setups to pay off.
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