The legendary commodities trader Ed Seykota, who turned $5,000 into $15 million over a period of 12 years, was teaching a course in technical trading to a college class many years ago when he decided to conduct an experiment to illustrate to his students the value of money management, or position-sizing - that is, determining how much money you will risk on any single given trade - to the overall success of any trader's trading plan. Read more »