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Rating: 
Summary: Interesting money management ideas.
Review: As a professional futures trader, I bought this book in the search for new ideas to refine my money management rules. I have been utilizing the same trading system for years, but this book has enabled me to capture more of my systems open profit, while also limiting the size of potential losing trades.If you do not currently have a trading system, this book will not give you one. The purpose of this book is to help the trader eliminate some of the rough edges of an existing system's money management procedures. If you are trading a system, or wish to learn more about money management rules, pick up a copy of this book, as many new ideas are discussed. Also, be sure you are using Microsoft Excel, as spreadsheets are used frequently throughout the book, and duplicating the examples is useful.
Rating:
Summary: Interesting money management ideas.
Review: As a professional futures trader, I bought this book in the search for new ideas to refine my money management rules. I have been utilizing the same trading system for years, but this book has enabled me to capture more of my systems open profit, while also limiting the size of potential losing trades. If you do not currently have a trading system, this book will not give you one. The purpose of this book is to help the trader eliminate some of the rough edges of an existing system's money management procedures. If you are trading a system, or wish to learn more about money management rules, pick up a copy of this book, as many new ideas are discussed. Also, be sure you are using Microsoft Excel, as spreadsheets are used frequently throughout the book, and duplicating the examples is useful.
Rating: 
Summary: OK but not a pre-requisite
Review: The adverse excursion evaluation and exploitation does play an important role in systematic trading, however, the book later on skin-deep touches trading management and betting strategies, which in turn do not have much to do with the title of the book.
Rating: 
Summary: A good start but...
Review: Warning: Read book very slowly The concept requires total concentration-while reading in order to throughly understand MAE. The idea is a sound one but requires that the reader provides a working system AND is able to backtest it. Otherwise, the reader is left with a concept that on paper makes sense but it is very hard to implement into his/her trading system.
Rating:
Summary: A good start but...
Review: Warning: Read book very slowly The idea is a sound one but requires that the reader provides a working system AND is able to backtest it. Otherwise, the reader is left with a concept that on paper makes sense but it is very hard to implement into his/her trading system.
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