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.
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).
Table of contents
1. What is Edge?
2. the Payout/Payback Cycle
3. Selective aggression
4. Developing a Business Plan
5. Exploiting Your Edge
6. Trader, Speculator, or Investor?
7. Why Markets Move
8. The Majority is ALWAYS Wrong
9. The Trap of Pattern Recognition
10. Monitor Your Highs and Lows
11. What Kind of Trader Are You?
12. Hiring a Money Manager
13. Putting It All Together
14. Good Luck & Good Trading
288 pages, Hardback
