Foundations of Trading: Developing Profitable Trading Systems using Scientific Techniques

Foundations of Trading: Developing Profitable Trading Systems using Scientific Techniques

Product ID: 0979183863 Condition: USED (All books in used condition)

Sold Out

Product Description

Condition - Very Good

The item shows wear from consistent use but remains in good condition. It may arrive with damaged packaging or be repackaged.

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.

Technical Specifications

Country
USA
Manufacturer
Blue Owl Press, Incorporated
Binding
Paperback
EANs
9780979183867