Description
Book SynopsisThe first comprehensive guide on maximum adverse excursion -- apowerful new tool for dramatically lessening trading risks
Trading successfully, like everything else, is built upon solidpreparation. It is the well-prepared individual who will be able tocope in today''s competitive market. John Sweeney''s Maximum AdverseExcursion will provide you with the steps to perform the analyticalreview of your trading system that you should undertake before youever risk your capital. -- Thomas Hartle, Editor TechnicalAnalysis of Stocks & Commodities magazine
Maximum Adverse Excursion deals with a much overlooked subject:how to minimize losses. If every trader took John Sweeney''s adviceand learned how to minimize losses before trying to make profits,they would be financially ahead. -- Martin J. Pring, President TheInternational Institute for Economic Research
John Sweeney has done it again. As with Campaign Trading, he takesa complex set of ideas and explains them in a s
Table of ContentsThe Idea.
Defining Max Adverse Excursion.
Displaying MAE.
Defining Profit by Bin.
Impact of Volatility Changes.
Runs Effects.
Martingales.
Trading Management.
Appendices.
Index.
