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Synopsis:
Once you master the trading basics, you could be ready for the big leap into starting and managing your own trading business. Here's a complete start-up guide covering all the bases – from systems development and money management techniques to regulations and taxes issues that will help you keep more trading profits in your own pockets. Don't miss this.

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Jacket Description:
Trading 102 In her much-praised and highly popular book, Trading 101, Sunny Harris offered novices a crash course on the basics of the field, from puts and calls to stocks and bonds to GDPs and EMAVs. Now, for those looking to continue their education, Harris presents Trading 102: Getting Down to Business, an invaluable roadmap to taking the next step: designing an individual trading system and starting a personal trading business. 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 services, 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 (WOW), and more System performance assessment—keeping track, slippage, Rate of Return (ROR), Maximum Adverse Excursion (MAE), Value Added Monthly Index (VAMI) 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 behaviorsSupported by a bibliography and a comprehensive appendix that includes margin requirements, commodity contract information, and closing values of the Dow Jones Industrial Average, Trading 102 is required reading for anyone looking to take the big leap into professional fund management.

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Table of Contents:

PREFACE		XV
CHAPTER 1 PLAN YOUR WORK, THEN WORK YOUR PLAN		1	(4)
CHAPTER 2 TECHNICAL ANALYSIS REVIEW		5	(14)
Technical Analysis vs. Fundamental Analysis		6	(1)
Curve Fitting		7	(2)
What Is Your Goal?		9	(1)
Predicting the Future		10	(1)
Necessary and Sufficient Tools		10	(2)
How Do You Prove Something?		12	(1)
Dancing with the Market		12	(4)
Is That All There Is?		16	(3)
CHAPTER 3 MECHANICAL TRADING SYSTEMS		19	(18)
Systematic Trading		19	(2)
Mechanical Systems		21	(1)
Do You Even Need a System?		21	(6)
Steps to Mechanization		27	(3)
Setting and Following the Rules		30	(4)
Automation		34	(1)
Data Collection		34	(3)
Chapter 4 Calculating Your Potential Hourly Wage^TM (PHW)		37	(20)
Introduction		37	(1)
How Much Can I Risk?		37	(1)
Inflation Rears Its Ugly Head		38	(3)
How Much Money Can You Make?		41	(2)
Step 1--Marking the Ideal Trades		43	(6)
Step 2--Overview Analysis		49	(5)
Step 3--Accounting for Reality		54	(3)
CHAPTER 5 BRAINSTORMING A NEW SYSTEM		57	(12)
Introduction		57	(1)
Chalkboards and Whiteboards		57	(2)
Overlays		59	(1)
What Is True?		60	(2)
Looks Like a Duck, Walks Like a Duck		62	(7)
CHAPTER 6 BUILDING A DATABASE		69	(6)
Introduction		69	(1)
Data Sources		70	(1)
How Much Is Enough?		71	(2)
Synthetic Contracts		73	(2)
CHAPTER 7 SOFTWARE FOR SYSTEMS TRADING		75	(10)
Introduction		75	(2)
What's Available and What Does It Do?		77	(8)
CHAPTER 8 DESIGNING YOUR SYSTEM		85	(12)
Introduction		85	(1)
Profits Swept Under		85	(1)
Design of Experiments		86	(1)
Putting Your Ideas on Paper		86	(1)
Accepting the Results		87	(10)
CHAPTER 9 FORMULAE FOR SYSTEMS DEVELOPMENT		97	(14)
The Proof Is in the Pudding		97	(1)
Getting from Here to There		98	(1)
Cardinal Profitability Constructs (CPC)		98	(9)
More Measures of Success		107	(3)
Conclusion		110	(1)
CHAPTER 10 BACKTESTING AND OPTIMIZING YOUR SYSTEM		111	(14)
Introduction		111	(2)
Your Lab Book		113	(3)
Am I Done Yet?		116	(4)
Comfort Zones		120	(4)
Branching Off		124	(1)
CHAPTER 11 SYSTEM PERFORMANCE ASSESSMENT		125	(8)
Introduction		125	(1)
Keeping Track		125	(1)
Measurements		126	(5)
Conclusion		131	(2)
CHAPTER 12 FOLLOWING YOUR SYSTEM		133	(4)
Introduction		133	(1)
Post-it Notes		133	(1)
Buckle Up for Safety		134	(1)
Conclusion		135	(2)
CHAPTER 13 THE SCIENCE OF ORGANIZING YOURSELF		137	(10)
Time Management Tools		137	(2)
Keeping Track of the Days		139	(1)
Your Hourly Wage		140	(1)
Sorting		141	(1)
More Sticky Notes (Usually Post-it Notes)		141	(1)
Keep All of Your Organizing Tools in One Place		142	(1)
Color Schemes		143	(1)
Organizing Your Trading Ideas		143	(1)
Space Planning		144	(1)
Computer Power		144	(1)
Quick Reference		144	(1)
Your Trading Records		145	(1)
Income and Outgo		146	(1)
Taxes		146	(1)
Summary		146	(1)
CHAPTER 14 THE SCIENCE OF THE BUSINESS		147	(20)
Introduction		147	(1)
Getting Down to Business		148	(1)
Setting Goals		149	(3)
Planning Your Business		152	(4)
Your Trading Business Plan		156	(8)
That's It		164	(3)
CHAPTER 15 DEALING WITH PSYCHOLOGICAL ISSUES		167	(26)
Adrienne Laris Toghraie
Self-Evaluation for Sabotage Traps in Your Trading		169	(3)
The Eight Major Psychological Traps for Traders and the Strategies for Overcoming Them		172	(19)
Summary		191	(2)
APPENDIX A COMPONENTS OF THE DOW JONES INDUSTRIAL AVERAGE		193	(2)
APPENDIX B EXCHANGES		195	(8)
APPENDIX C ANNUAL CLOSING VALUES OF THE DOW JONES INDUSTRIAL AVERAGE AND YEAR OVER YEAR INCREASE		203	(2)
APPENDIX D MARGIN REQUIREMENTS AS OF FEBRUARY 1, 1997--ARRANGED ALPHABETICALLY BY COMMODITY		205	(2)
APPENDIX E MARGIN REQUIREMENTS AS OF FEBRUARY 1, 1997--ARRANGED IN ASCENDING ORDER BY INITIAL MARGIN		207	(2)
APPENDIX F WHO'S WHO IN TRADING		209	(2)
BIBLIOGRAPHY		211	(2)
INDEX		213

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Review:
trading strategies

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