by; Sunny Harris

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 (VAM1).

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 bilbiography 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.

Table of Contents
Chapter 1: Plan Your Work, Then Work Your Plan

Chapter 2: Technical Analysis Review *Technical Analysis vs. Fundamental Analysis * Curve Fitting * What is Your Goa? * Predicting the Future * Necessary and Sufficient Tools * How Do You Prove Something? * Dancing with the Market

Chapter 3: Mechanical Trading Systems *Systematic Trading * Mechanical Systems * Do You Need a System? * Steps to Mechanization * Setting and Following the Rules * Automation * Data Collection

Chapter 4: Calculating Your Potential Hourly Wage (PHW) *How Much Can I Risk? * Inflation Rears Its Ugly Head * How Much Money Can You Make? * Step 1---Marking the Ideal Trades * Step 2---Overview Analysis * Step 3---Accounting for Reality

Chapter 5: Brainstorming a New System *Chalkboards and Whiteboards * Overlays * What Is True? * Looks Like a Duck, Walks Like a Duck

Chapter 6: Building a Database *Data Sources * How Much is Enough * Syntheitc Contracts

Chapter 7: Software for Systems Trading *What's Available and What Does It Do?

Chapter 8: Designing Your System *Profits Swept Under * Design of Experiments * Putting Your Ideas on Paper * Accepting the Results

Chapter 9: Formulae for Systems Development *The Proof Is in the Pudding * Getting from Here to There * Cardinal Profitability Constructs (CPC) * More Measures of Success * Conclusion

Chapter 10: Backtesting and Optimizing Your System *Your Lab Book * Am I Done Yet? * Comfort Zones * Branching Off

Chapter 11: System Performance Assessment *Keeping Track * Measurements

Chapter 12: Following Your System *Post-It Notes * Buckle Up for Safety

Chapter 13: The Science of Organizing Yourself *Time Management Tools * Keeping Track of the Days * Your Hourly Wage * Sorting * More Sticky Notes * Keep all of Your Organizing Tools in One Place * Color Schemes * Organizing Tools in One Place * Color Schemes * Organizing Your Trading Ideas * Space Planning * Computer Power * Quick Reference * Your Trading Records * Income and Outgo * Taxes

Chapter 14: The Science of the Business *Getting Down to Business * Setting Goals * Planning Your Business * Your Trading Business Plan * That's It

Chapter 15: Dealing with Psychological Issues by Adrienne Laris Toghraie *Self-Evaluation for Sabotage Traps in Your Trading * The Eight Major Psychological Traps for Traders and the Strategies for Overcoming Them

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