Re: "Money Management" reports/graphs would be great

[ Q1-Q3 99 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

In Reply to: "Money Management" reports/graphs would be great posted by Tim Gadd on September 04, 1999 at 19:11:49:

: 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.

Hi Tim,
Thanks for all the feedback. The additional of technical analysis type
features has been a fairly common request for a while. To this point we have
not implemented many of these features, but may do so in the future somehow.
Part of our concern is complicating the program too much, that may
intimidate new individual investors. Maybe an optional add-on to Fund Manager
might solve that concern...

Thanks for the offer to send us a copy of those pages, but due to copyright
reasons we should buy our own copy of the book.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

Replies:

• "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)