Trading Books: Trading Systems and Money Management: A Guide to Trading and Profiting in Any Market

Author:  Thomas Stridsman
Publisher: McGraw-Hill Education
Year: 2003

Topics Covered:

  • How to Evaluate System
  • Costs of Trading
  • Calculating Profit
  • Probability and Percent of Profitable Trades
  • Risk
  • Drawdown And Losses
  • Quality Data
  • Trading System and Development
  • TradeStation Coding
  • Relative Strength Bands
  • Volume-Weighed Average
  • Evaluating System Performance
  • Distribution of Trades
  • Placing Stops
  • Expert Exits
  • Systems as Filters
  • Evaluating Stops and Exits
  • Combined Money Market Strategies

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Trading book review_trading systems and money management_thomas stridsman

Trading Book Review of ‘Trading Systems and Money Management: A Guide to Trading and Profiting in Any Market’ by Thomas Stridsman:

This trading book is quite technical that went a long way towards shaping my approach to trading system development and optimization. If you want to learn more about backtesting, optimization and quantitative trading strategies, this is the book you need. If you have other trading books that you can recommend then please leave me a comment below and I will make a review about it!

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Adrian Reid Founder and CEO
Adrian is a full-time private trader based in Australia and also the Founder and Trading Coach at Enlightened Stock Trading, which focuses on educating and supporting traders on their journey to profitable systems trading. Following his successful adoption of systematic trading which generated him hundreds of thousands of dollars a year using just 30 minutes a day to manage his system trading workflow, Adrian made the easy decision to leave his professional work in the corporate world in 2012. Adrian trades long/short across US, Australian and international stock markets and the cryptocurrency markets. His trading systems are now fully automated and have consistently outperformed international share markets with dramatically reduced risk over the past 20+ years. Adrian focuses on building portfolios of profitable, stable and robust long term trading systems to beat market returns with high risk adjusted returns. Adrian teaches traders from all over the world how to get profitable, confident and consistent by trading systematically and backtesting their own trading systems. He helps profitable traders grow and smooth returns by implementing a portfolio of trading systems to make money from different markets and market conditions.