Yes, I read the book and frankly I consider it a really shameful waste of good paper.
If you truly want to manage your money intelligently when trading, stick to risking no more than 1 to 3% of your trading account per trade. The most successful pros say to risk no more than 1% per trade which is why they strongly recommend your trading account have a good deal more capital than the pitifully small $5,000 or $10,000 most peopole bring to the trading game.
Stay on the side of the trend, set a reasonable profit target to get out of each trade (getting greedy will often result in things reversing on you for a loss), and if you are still having trouble, move up to a longer time frame and cut your position size so you can afford the larger stop loss points until you get the hang of things.
Focus on successfully waiting for and taking only those trades that match your rules and method, the profits will take care of themselves over the long run. Focusing on the profit in each trade means you are more likely than not feeling the fear of perhaps losing your money on that trade and you will often attract exactly that result in your trading. Focus instead on the proper executions of your rules and method. You will eventually be very glad you did.
Happy Trading
P.S. If the real answers were in all these books we read, those authors would be some of the richest traders on the planet. I assure you they are not. Yes, you can still find an occasional snippet of a useful idea that you have perhaps overlooked in your trading, but just don't expect to find any real trading secrets.