Maximum Adverse Excursion Analyzing Price Fluctuations for Trading Management [Hardcover]

The first comprehensive guide on maximum adverse excursion -- apowerful new tool for dramatically lessening trading risks

Trading successfully, like everything else, is built upon solidpreparation. It is the well-prepared individual who will be able tocope in today's competitive market. John Sweeney's Maximum AdverseExcursion will provide you with the steps to perform the analyticalreview of your trading system that you should undertake before youever risk your capital. -- Thomas Hartle, Editor TechnicalAnalysis of Stocks & Commodities magazine

Maximum Adverse Excursion deals with a much overlooked subject:how to minimize losses. If every trader took John Sweeney's adviceand learned how to minimize losses before trying to make profits,they would be financially ahead. -- Martin J. Pring, President TheInternational Institute for Economic Research

John Sweeney has done it again. As with Campaign Trading, he takesa complex set of ideas and explains them in a simple,easy-to-understand manner, in a form that traders can use to helpthem make informed and profitable buy-sell decisions. -- CliffordSherry, PhD, author The Mathematics of Technical Analysis

Most successful traders have a sixth sense that alerts them toloss points and amounts. But what happens when intuitionfails?

When the potential loss incurred on a trade is significant, youneed more than guesswork. But is it possible to estimate the losspoint accurately--quantitatively? With maximum adverse excursion(MAE), the answer is a resounding YES . This innovative method ofrisk management enables traders to steer clear of potentiallydevastating results by pinpointing loss points before implementingtrading decisions. Now, in the first book to provide an in-depthexamination of this vital trading tool, John Sweeney, MAE developerand Technical Editor of the highly regarded Technical Analysis ofStocks & l]