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 behaviors
Supported 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.