Part 2

The Outer Game: The Trading Edge

In this second part, you'll move from foundations to execution. We'll define market regimes so your strategies only operate in favorable conditions, then break down the trading edge into a formula you can measure and improve. You'll learn position sizing algorithms designed specifically for the short side, and build a refined investment universe populated with high-probability candidates.

This part of the book includes the following chapters:

• , Regime Definition
• , The Trading Edge Is a Number, and Here Is the Formula
• , Position Sizing: Money Is Made in the Money Management Module
• , Refining the Investment Universe