E-Book Overview
I read this book a while back, on the recommendation of Bennett McDowell who wrote "A Trader's Money Management System" A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading) and finally have had a chance to put my thoughts in a review. I'm surprised by the negative reviews of this book -- it is an effective book on getting you to analyze your risk, and he even gives you the 1-1/2% and 2% risk of ruin tables to do that. Nice of him to do the programming so that we can determine which is the right risk amount to take on each trade at the lower end of the percentage scale. His equity curve chapters are also important in helping to shed light on how to look at performance in a meaningful way. This is one of the most useful books available today -- in a sea of not so useful books. It's really worth adding to your library.
E-Book Content
Beyond Technical Analysis Beyond Technical Analysis: How to Develop and Implement a Winning Trading System Tushar S. Chande, PhD John Wiley 61 Sons, Inc. New York • Chichester • Brisbane • Toronto • Singapore • Weinheim This text is printed on acid-free paper. Copyright © 1997 by Tushar S. Chande. Published by John Wiley & Sons, Inc. Data Scrambling is a trademark of Tushar S. Chande. TradeStadon, System Writer Plus, and Power Editor are trademarks of Omega Research, Inc. Excel is a registered trademark of Microsoft Corporation. Continuous Contractor is a trademark of TechTools, Inc. Portfolio Analyzer is a trademark of Tom Berry. All rights reserved. Printed simultaneously in Canada. Reproduction or translation of any part of this work beyond that permitted by Section 107 or 108 of the 1976 United States Copyright Act without the permission of the copyright holder is unlawful. Requests for permission or further information should be addressed to