

The definitive guide to futures trading
Book • 1988
Larry Williams' 'Definitive Guide to Futures Trading, Volume 2' provides practical methods and trading insights for futures traders, blending market timing, system development, and real-world trading examples.
The book includes a notable chapter on money management and position sizing which Michael Wallace cites as life-changing and foundational to his own algorithmic program.
Williams' work focuses on applying statistical and behavioral observations to trading, offering rules and case studies rather than purely theoretical models.
Traders have used its guidance to structure systematic approaches and to think critically about risk, sizing, and sequence effects.
The volume is valued for its combination of empirical results and actionable trading practices.
The book includes a notable chapter on money management and position sizing which Michael Wallace cites as life-changing and foundational to his own algorithmic program.
Williams' work focuses on applying statistical and behavioral observations to trading, offering rules and case studies rather than purely theoretical models.
Traders have used its guidance to structure systematic approaches and to think critically about risk, sizing, and sequence effects.
The volume is valued for its combination of empirical results and actionable trading practices.
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as the source of a pivotal chapter on money management that inspired his program and trading approach.

Michael Wallace

048 - Michael Wallace - Dynamic Position Sizing Like You Haven't Seen Before


