Beyond Technical Analysis

If you want to achieve enduring trading success then it s essential that you create a winning trading system, control your risks, and withstand the psychological pressure of the markets. Whether a beginner or an expert, now you can reap profits from stocks or futures using the proven trading systems, robust risk control methods, and powerful new tools from sports psychology in the updated and expanded second edition of Beyond Technical Analysis.Written by successful Commodity Trading Advisor and acclaimed system developer Tushar Chande, Beyond Technical Analysis takes you step by step through the process of creating trading systems that match your trading beliefs and profit objectives. Offering a stimulating mix of cutting edge techniques, timeless principles, and practical guidelines, the second edition will enable you to develop and implement customized systems that carefully balance risk and reward. It bridges the gap between analysis and trading so that you can acquire the competencies needed for consistent profitability.For beginners, the second edition of Beyond Technical Analysis provides an easy and effective introduction to building superior trading systems, including an overview of entry and exit strategies, a detailed review of testing techniques, and an all new primer on technical analysis.Experts will be introduced to the Chande Comfort Zone that uses new tools for estimating expected returns, depth of drawdowns, and duration of drawdowns. Also, Chande gives a true out of sample performance update of the systems presented in the first edition, highlighting how these systems have stood the test of time.For investors and allocators, Chande shows how to benchmark performance, stabilize manager rankings, build more efficient portfolios, and create specific risk control plans for monitoring performance.With this comprehensive book, you ll also learn how to: Find entries and exits consistent with your trading beliefs Avoid common pitfalls in system testing Write and test trading systems using commercial software Correctly interpret test results Create profitable trading strategies Define, control, and manage risk Manage trading stress using sports psychology Focus on disciplined executionA complete and thorough guide, Beyond Technical Analysis, Second Edition will help you build robust trading systems and follow sound money management and risk control techniques that will give you the winning edge.

This disk/book offers a detailed, specific methodology for designing, testing, and implementing a trading system. Additionally, the techniques Chande presents, along with software, should allow the reader to estimate how well he or she can cope with the day-to-day pressures of implementing the system when their capital is at risk and emotions are involved. Disk 1 provides a program enabling users to write a trade plan, create orders, rate their confidence for specific trades, and run P&L statements. Disk 2 is a demo disk for Secure Trade Management Software.