Foundations of Trading: Developing Profitable Trading Systems using Scientific Techniques
Sold Out / Out of Stock
Please be aware orders placed now may not arrive in time for Christmas, please check delivery times.
Condition: USED (All books are in used condition)
Condition - Very Good The item shows wear from consistent use, but it remains in good condition and functions properly. Item may arrive with damaged packaging or be repackaged. It may be marked, have identifying markings on it, or have minor cosmetic damage. It may also be missing some parts/accessories or bundled items.
Foundations of Trading: Developing Profitable Trading Systems using Scientific Techniques
The trader's universal goal:
To have confidence that the signals generated by the trading system precede trades that provide rewards adequate to compensate for the risk.
... The key word is confidence.
... The primary limitation is risk.
This book presents an approach to developing profitable trading systems using scientific techniques, melding together several key aspects:
... Personal risk tolerance.
... Profit potential of the financial issue being traded.
... Data analysis.
... Adjusting the model to fit the data.
... Validation to estimate future performance.
... Comparing alternative use of funds.
... Determining whether the system is working or broken.
... Computing a proper position size to maximize account growth while holding drawdown within the trader's tolerance.
