{"product_id":"9781118237106","title":"The Risk of Trading: Mastering the Most Important Element in Financial Speculation","description":"\u003cb\u003eDevelop the skills to manage risk in the high-stakes world of financial speculation\u003c\/b\u003e \u003cp\u003e\u003ci\u003eThe Risk of Trading\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eMost traders look at risk in terms of a \"stop-loss\" that enables them to exit a losing trade quickly. In \u003ci\u003eThe Risk of Trading\u003c\/i\u003e, 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eShows 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\u003c\/li\u003e \u003cli\u003eReveals why traders should think of themselves as project managers who are strategically managing risk\u003c\/li\u003e \u003cli\u003eThe book is based on the author's unique 'focus on the risk' approach to trading using data-driven risk statistical analytics\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUsing 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47078383190256,"sku":"9781118237106","price":75.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781118237106_p0.jpg?v=1763693431","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781118237106","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}