13. Lesson Summary

Overview: Building a Trading Program

Learn how to develop a trading program using the geometric crowd in motion model. Understand the necessary setup for database installation to effectively support your strategy.

Steps to Expand the Strategy:

• Build a basic framework for trading strategies.
• Add more stocks to your database.
• Integrate additional data input to enhance decision-making.

Upcoming Lesson Preview:

Focus will shift to quantitative risk management. Topics include:

• Risk Measures - Tools for assessing potential losses.
• Value at Risk (VaR) - Analytical methodology to gauge risk levels.
• Expected Shortfall - Assessment beyond the VaR to understand extreme losses.

Adopt the risk management protocols similar to banks. Implement necessary measures, even if that means appointing specific personnel responsible for risk evaluations. Future insights await to elevate your understanding.