Product Description
by Bo Yoder (Author)
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.
Back Jacket
Let Bo Yoder show you how to realize market behavior and realize your edge!
Optimize Your Trading Edge presents an unbeatable approach to boosting the profitability of any trading strategy. Bo Yoder, an internationally recognized star in the trading field, delivers the information needed to uncover any trading strategy's statistical market advantage--or edge--and gives you the tools needed to exploit greater profit from it. This practical guide clearly explains how, through careful analysis of the edge, you can:
- Increase earnings
- Reduce draw downs
- Recognize strategic errors
- Develop impeccable timing for your trading entries
Author Biography
BO YODER is an internationally recognized trading instructor and the founder of BoYoder.com. In addition, he works with individual traders and market professionals as an edge and risk management consultant. A frequent contributor to such publications as Technical Analysis of Stocks and Commodities, Trader, and Active Trader, he is the author of Mastering Futures Trading (McGraw-Hill).
Number of Pages: 288Dimensions: 0.85 x 9.26 x 6.54 INIllustrated: YesPublication Date: January 02, 2008
