Optimize Your Trading Edge: Increase Profits, Reduce Draw-Downs, and Eliminate Leaks in Your Trading Strategy

Bo Yoder

ISBN 10: 007149846X / ISBN 13: 9780071498463

Published by McGraw-Hill Education - Europe, 2007

About this Item

This item is printed on demand. New copy - Usually dispatched within 5-9 working days.

Seller Inventory # C9780071498463

Bibliographic Details

• Title: Optimize Your Trading Edge: Increase Profits, Reduce Draw-Downs, and Eliminate Leaks in Your Trading Strategy
• Publisher: McGraw-Hill Education - Europe
• Publication Date: 2007
• Language: English
• ISBN 10: 007149846X
• ISBN 13: 9780071498463
• Binding: Hardback
• Condition: New
• Weight: 522 grams

About this title

Synopsis

You can't profit without an edge

Without an edge, the costs of trading will cause you to lose money over the long haul. In order to gain an edge in trading, you must find a statistical advantage within a market. And the best edges come from market shifts fueled by a trader’s psychology. In Optimize Your Trading Edge, investing expert Bo Yoder provides traders in every market with the insight needed to hone their current trading strategies with edge analysis.

Optimize Your Trading Edge explains the important dynamics of statistical probability and how it applies to the unpredictability of the financial markets caused by human behavior―that is, cognitive biases. This essential guide shows you how to evaluate the profit expectations of a specific trading strategy and fine-tune that plan to best exploit its market edge. Discover what successful traders have achieved through edge analysis:

• Increased earnings
• Reduced draw downs resulting in greater,low-risk leveraging
• A keener eye for finding and ending profit leaks
• Precision timing for trading a setup

Bo Yoder has taught thousands of traders worldwide in equities, futures, and foreign exchange markets how to increase profitability and optimize their edge regardless of the market environment. By making trading decisions based on statistical probability, you can trade with more confidence, control, and aptitude. Through clear explanations and real-world examples, you’ll learn the valued secret of “trading smarter, not harder,” and with the wealth of practical worksheets inside, you’ll have all the tools you need to incorporate this proven method into your trading strategy.

Understanding market movement and the cognitive biases driving them is a critical skill of the profitable investor. To gain a real edge, traders must determine their probability of success in any given market. Optimize Your Trading Edge delivers the methods and tools that will become an essential part of your trading arsenal.

About the Author

Bo Yoder is an internationally recognized trading instructor and the lead trader for BoYoder.com. Mr.Yoder is the author of McGraw-Hill's Mastering Futures Trading (0-07-142034-1).