I'd like to let you all know about a quick, easy, free game I have developed as a teaching tool to help traders learn the importance of position sizing and risk management in the context of random events within a trend following system. I've based the game off of work by Van Tharp and Ralph Vince.
To learn how to play the game, please go to http://www.s2pmarketsignal.com/How-to.htm#s2pRiskManagementGame . After you try it, please let me know what you think, either briefly here or privately if you are offering more detailed feedback. I really hope you will find it a helpful learning experience. I've found by playing it myself dozens and dozens of times as I developed it that what I know in theory becomes much more real and helps me to more easily avoid the traps of fear and greed in my trading and trading system development.
To learn how to play the game, please go to http://www.s2pmarketsignal.com/How-to.htm#s2pRiskManagementGame . After you try it, please let me know what you think, either briefly here or privately if you are offering more detailed feedback. I really hope you will find it a helpful learning experience. I've found by playing it myself dozens and dozens of times as I developed it that what I know in theory becomes much more real and helps me to more easily avoid the traps of fear and greed in my trading and trading system development.
