Why Traders Don’t Appreciate The Power of Position Sizing Strategies by Van K. Tharp, Ph.D.
A note to readers: While Dr. Tharp’s content is timeless, this article is from our newsletter archive and may contain outdated information, missing links or images. Despite the importance of all the material I have presented about position sizing strategies, most people have psychological biases that will cause them to 1) ignore the material totally or 2) do exactly the opposite of what is recommended. As a result, I want to show you some of those biases and what you can do to overcome them. Judgmental Shortcuts French Economist George […]