|
Picking up where Trading 101 left off, this unique nuts-and-bolts guide gives budding fund managers everything they need to know about the mechanics of creating, testing, and implementing personal trading methodologies, then using them to start up and run a trading business. The author, renowned for her Trading 101 seminars, creates an indispensable reference that covers all the bases, including raising capital, regulations, marketing financial service taxes, and systems development.
Along with hands-on strategies, proven techniques, and straightforward guidelines for tailoring a system based on individual trading styles, Trading 102 is packed with a wealth of easy-to-read charts and graphs, as well as complete information on:
The science of the business - setting goals, budgeting, keeping an expense worksheet, figuring outgo
Formulating a sound business plan - cover page, mission statement, company differentiators, resource requirements, summary
Software for systems testing - Excalibur, TradeStation, MetaStock, Window on Wall Street and more System performance assessment - keeping track, sloppage, Rate of Return, Maximum Adverse Excursion, Value Added Monthly Index.
Psychological traps to avoid - a special section written by Adrienne Laris Toghraie, a leading trader's coach, that covers lack of preparedness and motivation, conflict, inappropriate emotional states, negative behaviors.
|