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Trading Systems and Money Management (The Irwin Traders Edge Series)
ISBN: 0071400192     Date Published: 2003-06-26     Author(s): Thomas Stridsman
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400 Pages
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06/20/2013 01:24:34
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Editorial Review - Book Description:

A Guide to Trading and Profiting in Any MarketThomas StridsmanWhile most trading books simply tack money management onto the end of the book as an afterthought, Trading Systems and Money Management recognizes the importance of proven money management principles to the success of a trading program.

This step-by-step guide shows how to use stops to improve profit taking and reduce losses, add filters such as moving averages and breakouts to improve entry and exit points, and practice basic money management techniques to improve the performance of any trading system.

Customer Review:
Total Reviews: (4)
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29 of 34 People found the following review helpful.

Very Disappointing, July 31, 2003 ByJay Sommers "jsommers20" (USA) - See all my reviews This review is from: Trading Systems and Money Management (McGraw-Hill Trader's Edge) (Hardcover) Wow, what can I say? This is a huge disappointment. I don't think you really need this book because Stridsman's first book is good enough and better. The problem with this book is that the systems are rehashes of articles that the author has already written for Active Trader magazine, and the systems are not even that good. This book is "been there, done that" -- it does not advance the technical analysis literature with any new concepts or ideas. I had a strange feeling of deja vu only a few pages into the book. Again, I am really surprised that this book was released - cannot recommend it at all.
12 of 17 People found the following review helpful.

Worst Money Management Book I Ever Read, November 18, 2003 By"kt-pf" (Elgin, TX USA) - See all my reviews This review is from: Trading Systems and Money Management (McGraw-Hill Trader's Edge) (Hardcover) From the content to the writing style this book scores a zero. The book is more of a sales piece for another book Stridsman wrote. I have never heard of someone being so stuck on percentages. Stridsman should be a middle school math teacher. Of course percentages are important, but I don't think we need to pay nearly 40 dollars for a magazine columnist to tell us that. I guess if you happen to want to buy his code for tradestation you might find the book more interesting, but you can get that stuff for free off of many sites. Don't waist your money.
2 of 3 People found the following review helpful.

very poor writing. Not useful explanation of tools, November 14, 2010 ByBooksadored - See all my reviews This review is from: Trading Systems and Money Management (McGraw-Hill Trader's Edge) (Hardcover) I am shocked that this book was published. The stock meanders. The spreadsheet examples are terrible. He needs to supply the spreadsheets on disk or downloadable so that they are easy to use. His explanations of how to construct the spreadsheets is horrendous, because he gives the formulas interwoven with the text of the book. Very bad format. He could just list the Excel formulas in a table and say what cells they are in. Then show the entire spreadsheet as an image so we can see from pictures how to set them up. He made this same mistake in his other book too. He gave terrible explanations that require Tradestation to use the examples. This is a big mistake, because the concepts really should have nothing to do with Tradestation. To insist on Tradestation damages the utility of the book for general purposes.
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