SKU: 6330525294

The Risk of Trading: Mastering the Most Important Element in Financial Speculation

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Description

The Risk of Trading: Mastering the Most Important Element in Financial SpeculationDevelop the skills to manage risk in the high stakes world of financial speculation The Risk of Trading is a practical resource that takes an in depth look at one of the most challenging factors of trading risk management. The book puts a magnifying glass on the issue of risk, something that every trader needs to understand in order to be successful. Most traders look at risk in terms of a "stop loss" that enables them to exit a losing trade quickly.

Develop the skills to manage risk in the high-stakes world of financial speculation

The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading--risk management. The book puts a magnifying glass on the issue of risk, something that every trader needs to understand in order to be successful.

Most traders look at risk in terms of a "stop-loss" that enables them to exit a losing trade quickly. In The Risk of Trading, Michael Toma explains that risk is ever-present in every aspect of trading and advocates that traders adopt a more comprehensive view of risk that encompasses the strategic trading plan, account size, drawdowns, maximum possible losses, psychological capital, and crisis management.

  • Shows how to conduct a detailed statistical analysis of an individual's trading methodology through back-testing and real-time results so as to identify when the methodology may be breaking down in actual trading
  • Reveals why traders should think of themselves as project managers who are strategically managing risk
  • The book is based on the author's unique 'focus on the risk' approach to trading using data-driven risk statistical analytics

Using this book as a guide, traders can operate more as business managers and learn how to avoid market-busting losses while achieving consistently good results.



Binding Type: Hardcover
Publisher: Wiley
Published: 04/17/2012
ISBN: 9781118100837
Pages: 224
Weight: 0.80lbs
Size: 9.30h x 5.90w x 0.80d
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SKU: 6330525294

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Alfonso S. Torres
Birmingham, US
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Soft to the touch
Size: 2' x 6' (Sheepskin Pelt Patchwork), Color: Black
Soft to the touch and well made. Love it!
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Reviewed in the United States on May 28, 2026
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Bobbie
Lowell, US
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Size: 2' x 3' (Sheepskin Pelt Patchwork), Color: Ivory White
Off white but totally happy. Even though it's wool, it doesn't itch and is very soft. The patches are few and not at all noticeable from front. Very thick and looks great!
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Desert Gypsea
Natrona Heights, US
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Nice and fluffy, the color is a bit lighter
Size: 2' x 6' (Sheepskin Pelt Patchwork), Color: Light Brown
Pretty and fluffy. Wishing the color were a bit darker so it matched my decor better. It’s hard to tell what color you’ll actually get 🫤 Not ideal but doable.
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Massapequa, US
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Beautiful rug but smelly when you first unpack it.
Size: 2' x 6' (Sheepskin Pelt Patchwork), Color: Ivory White
Beautiful quality. Deep thick fur. The "patches" are noting more than where 4 or 5 inch splits, one at each end were stitched back together. I wouldn't have even called them patches. They are the same stitching as used to join the two pelts in the middle. The color is a very clean white. Being natural pelt, I was really expecting something a little more blond. I've bought New Zealand sheepskin several times before and I don't doubt this is Aussie or Kiwi sheepskin but I didn't notice this is processed in China before I bought it. Still, the only complaint I had was a strange chemical smell when I unwrapped it. It didn't smell like the tanning chemicals from previous pelts. But it's gone away after 3 weeks so I guess all's good.
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Size: 2' x 3' (Natural shape, Sheepksin, Oblong), Color: Ivory White
I like the color. Not too white, more of a natural shade. I ordered two, for each side of the bed. One is larger than the other which proves they are genuine pelts and I’m ok with it!!
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