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As promised below you will find the promised PDF file “How to Avoid Bankruptcy and Accelerate Sports Trading Profits”, how to survive on sports exchange, and the associated Excel spreadsheet “ruin of risk calculator”. The owner of the spreadsheet is the author of the book “The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets” Brent Penfold which has the greatest impact on my money management related to sports trading.
A few years ago I have bought and read his book that changed my perception of trading. Brent trades global futures contracts on indexes, currencies, and commodities and also help educate others to trade. More about him you can find at https://indextrader.com.au
You may ask: what does this have to do with sports trading?
The title of the book explains everything, these are universal principles.
If you treat trading seriously I highly recommend reading his book in order to get rid of the illusions about what is crucial in investing. It is important how often you earn, how much you earn and how much you lose. It is important how much you risk and how quickly you can go bankrupt this way.
The book is available on amazon under this link.
“Risk of ruin calculator” was added to his book as a bonus.
I contacted him, and he thankfully agreed to share his “ruin of risk calculator” for free for you, as my blog readers. In pdf, I will explain how to use it and together with my approach to sports trading, you will find out how to get the best from it. In my journey of discovering different sports trading strategy I will refer to this calculator many times, so enjoy reading!
Download eBook with spreadsheets
Note: You can download them both in one ZIP package, which you can unpack on your computer or download separately by clicking the links below:
- How to Avoid Bankruptcy and Accelerate Sports Trading Profits.pdf
- Risk_of_Ruin_Simulator.xls (download and enable the macros, otherwise the simulator won’t work )
- Test_Strategy.xlsx (download and measure your system)
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Thank you for reading my blog and I wish you the same success on your trading journey.