"Money Management" reports/graphs would be great

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I am currently reading Robert Deel's "Trading the Plan". Chapter 3 of the book presents one of the most practical approaches to evaluating and implementing money management strategies that I have come across (unless, maybe, you are a super options trader with access to a lot more brain/computing power than most - and I doubt that these folks are using FundManager). In the book, some very simple trade analysis metrics are presented for use in evaluating:

buy decisions - selection and timing
sell decisions - cutting losses, letting profits run
the (potential) use of leverage
optimal (close enough for most) position size

Below are a few examples of the parameters that are used for calculating these metrics. I include them at this point only to illustrate how simple it would be to include in the Fund Manager reporting and graphing capabilities (easy for me to say). No additional data entry would be required.

Number of winning/losing trades per period
Consecutive winning/losing trades per period
Total $ gains/losses of winning/losing trades per period
Total average $ gain/loss per winning/losing trade per period
Largest gain/loss per trade
Cumulative and maximum drawdown

To me, FundManager is one of the more practical tools for the individual investor on the market. I think that the addition of these features would very nicely compliment the overall design and functionality (and marketability) of the program. I hope that others will agree that these features would be a very useful and potentially profitable addition.

Mark - if you're interested in adding these capabilities and don't have this book, I'll send you a copy. The Money Management chapter is a mere 32 pages, but explains the use of the above-mentioned metrics very clearly. I can do it in Excel, but I'd sure like to avoid the redundancy of data entry.

Replies:

• Re: "Money Management" reports/graphs would be great Mark 10:21:45 9/05/99 (5)
  • "Money Management" - no technical analysis involved Tim Gadd 17:28:05 9/06/99 (4)
    • Re: "Money Management" - no technical analysis involved Mark 09:30:57 9/09/99 (3)
      • Does this mean you'll look into it? Tim Gadd 09:52:11 9/09/99 (2)
        • Re: Does this mean you'll look into it? Mark 16:20:44 9/09/99 (1)
          • One last thing Tim Gadd 20:08:16 9/09/99 (0)