Michael Harris – Profitability & Systematic Trading

Author: Michael Harris

KEVIN J. DAVEY is a professional trader and a top-performing algo trading systems developer. He is the author of 4 best selling books on trading and investing. He is recognized as a thought leader in algorithmic trading system development. Kevin writes the monthly column “Algo Q&A” for “Technical Analysis of Stocks and Commodities” magazine. An aerospace engineer and MBA by background, Davey has been an independent trader and investor for nearly 30 years.

So, I then decided if my crossover system wasn’t working, surely the opposite of that signal would work – a classic ‘newbie’ mistake. Within another week or two, I had lost another $2,000, or 60% of my bankroll. At that point, I got smart and quit trading for a while.”
Bloodied but not defeated, Kevin spent the next few years researching, reading and otherwise devouring all he could about trading. “I probably made every mistake possible, but I ended up learning a lot about the markets and how they work” explains Kevin.

Profitability & Systematic Trading

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In order to overcome certain obstacles and make more informed decisions in today’s markets, you need to use the appropriate models and apply careful analysis.

Nobody understands this better than author Michael Harris. And now, with Profitability and Systematic Trading, he reveals how to achieve this goal, by discussing some of the most important trading concepts he’s worked on during twenty years of research and development in this field.

From the Inside Flap

In order to overcome these obstacles and make more informed decisions in today’s markets, you need to use the appropriate models and apply careful analysis. Nobody understands this better than author Michael Harris. And now, with Profitability and Systematic Trading. He reveals how to achieve this goal, by discussing some of the most important trading concepts he’s worked on during twenty years of research and develop.

Divided into three comprehensive parts—Foundations, Profitability and Risk, and Systematic Trading—this reliable resource:

• Reviews the essential insights a trader must possess before attempting to develop winning trading methodologies. And confronts some popular misconceptions about the markets
• Provides a quantitative assessment of profit-ability, risk, and money management; explores the limitations imposed by profitability require-ments on trading system design; and discusses the restrictions that prudent risk and money management place on capital requirements
• Focuses on the process of trading system development. And addresses how success depends on your understanding of the intricate details involved and the potential pitfalls

Using specific examples, Harris outlines the various aspects of trading system development. And shows you how the proper approach to this discipline can minimize the risk of ruin while maximizing your trading returns. Along the way, Harris also introduces you to his concept of Trading System Synthesis,. A dynamic method of discovering profitable strategies that can be used as building blocks in a systematic trading methodology.

Traders who are determined to be successful need to apply a more rigorous and in-depth approach to systematic trading. The information found in Profitability and Systematic Trading can help you excel at this endeavor, and put you in a better position to survive and thrive in today’s dynamic investment environment.