Trading Systems and Money Management (The Irwin Trader's Edge Series) 1st Edition

Excellent Seller! This is a great book. It is a little hard to follow b/c the author (IMO) is a brilliant code writer, but the book is a bit disjointed. My opinion is it would be better to tell us JUST what works and not lots of info and methods that don't. That's just me though. Mr. Stridsman goes into great detail regarding the methods that DO NOT work and why. Interesting, but I would rather him just say, "I've tested this, and it doesn't work".For a "coder", I imagine this book would be fabulous. The book is still excellent- you just have to VERY carefully sift through lots of his thoughts and ideas to pick out the real "brass tacks". The code is written for TradeStation, and will have to be "tweaked" due to the age of the book. That can be a difficult task unless you are very good with "coding".

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.

It doesn't matter how great your system is if you don't have a relevant money management strategy that will sustain you for the long run. Mr.Stridsman does just that. He does not pull punches in showing the relevance of trading systems and how useless they are if there is no money management component.He then goes on to show you how to combine these two seemingly disparate concepts into concrete solution for trading jus about any market.Where he falters is in the mechanics of the actual items that you can trade. Especially with single stock futures now on the scene I would have like to have seen some examples of single stock futures in the book. In this instance I would combine Mr.Stridsman concepts with the book "Single Stock Futures For Small Speculators" or "Futures For Small Speculators".Otherwise I was thoroughly impressed.

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.

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.