Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis

A wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory Mechanical Trading Systems examines the development process for choosing and using mechanical trading systems in conjunction with trader psychology. This book discusses the advantages and disadvantages of mechanical trading systems; the dangers in system development and how to avoid them; the optimal methods for back-testing trading systems; position sizing and other risk quantification tools; and methods of improving rates of return on investments without significantly increasing risk. Most importantly, through a detailed examination of various types of unsuccessful trader personality traits (e.g., fearfulness, greed, and impatience), the book recommends different types of trading systems for a diverse array of trader types. Richard L. Weissman (Port Richey, FL) has seventeen years' experience as a trader and developer of trading systems. He currently provides independent consultation an d training services to traders and risk management professionals in the areas of technical analysis, risk management, and trader psychology.

Share your thoughts on the Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis ebook with other internet viewers!

Title of ebook: Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis
ISBN: 9780471730972
parent-ISBN: 9780471654353
Publisher: John Wiley & Sons, Inc.
Internet download file size: 1657 kb
Pages: 217
Published: 12-2004
Released online for download: 12-03-2004
Author of eBook: Weissman, Richard

Format

Encrypted

Sku

ISBN

File size

Security

Printing

Copying

Read aloud

Devices

Digital Editions

Yes

0471730971

9780471730972

1657 KB

n/a

Not allowed

15 selections to your clipboard every 365 days

No

Sys Requirments

Download reader

Mechanical Trading Systems

Chapter One

Dispelling Myths and Defining Terms

Mathematical Technical Analysis and Mechanical Trading Systems

Appearances often are deceiving. -Aesop

DISPELLING THE MYTHS: THE INEFFICIENT MARKET AND THE HARD ROAD TO PROFITS

The Inefficient Market

If traders behaved in a rational manner, the market would be efficient and trading would offer few opportunities for consistent profit, but time and again market participants behave illogically, basing their decisions on emotional responses. Perhaps the most compelling evidence in terms of market participant irrationality is put forth by proponents of behavioral finance. Behavioral finance, when traders or investors base decisions on emotions, is diametrically opposed to theories of random market behavior and efficient market hypothesis, which assumes that all market participants behave rationally.

Recent acceptance of behavioral finance by the academic community validates what technicians have known for well over 100 years: Market participants behave irrationally, and it is this emotionalism that leads to st ... read full excerpt from Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis ebook

Other Business & Economics eBooks Categories

Business General (2157)

Insurance (86)

Real Estate (409)

Business Communication (338)

Business Law (30)

Business Life (1927)

Corporate & Business History (248)

Decision Making & Problem Solving (202)

E-Commerce (278)

Economics (3697)

Employment & Education (1995)

Entrepreneurship (983)

Finance & Accounting (4608)

Government & Business (245)

HR & Personnel Mgmt (495)

Industries (616)

Information Mgmt (116)

International (291)

Investments & Securities (1191)

Advertising/PR (408)

Marketing (1383)

Selling (474)

Nonprofit Orgs & Charities (173)

Production & Operations (265)

Project Management (76)

Reference (114)

Strategic Planning (323)

Top eBooks in Finance & Accounting

Basic Financial Management
by Symonds, Curftis, W

Basic Financial Management...more

Best price: $79.00

Bookkeeping For Dummies
by Epstein, Lita

The friendly, easy-to-use guide to bookkeeping basics This handy guide covers everything professionals need to know to balance the books at a big company or a ...more

Best price: $17.44

Bookkeeping and Accounts, Multiple Choice Questions & Answers
by Carson, Moses, B

Bookkeeping and Accounts, Multiple Choice Questions & Answers...more

Best price: $3.99

A Wallflower Christmas
by Kleypas, Lisa

The Wallflowers are four young ladies in London who banded together in their wild and wickedly wonderful searches for true love. Now happily married...more

Best price: $14.66

Introductory Econometrics for Finance
by Brooks, Chris

This best-selling textbook addresses the need for an introduction to econometrics specifically written for finance students. Key features: * Thoroughly revised...more

Best price: $58.42

Rich Dad Poor Dad for Teens: The Secrets about Money--That You Don't Learn in School!
by Kiyosaki, Robert, T.

As Robert Kiyosaki writes in Rich Dad, Poor Dad, the poor and the middle class work for their money, but the rich make money work for them. Now this ...more

Best price: $12.96

Corporate Finance: Theory & Practice

Customer review:
I think the book is concise, fully comprehensible and is ideal reading for every modern-day financial manager...more

Best price: $80.00

Schaum's Easy Outline Bookkeeping and Accounting

Customer review:
Excellent book, I am teaching accounting, for the first time in High School, it is a great basics book. Happy for the purchase...more

Best price: $8.54

Cybernetic Analysis for Stocks and Futures: Cutting Edge DSP Technology

Customer review:
Excellente book, it is more clear and complete than his other book MESA and Trading Market Cycles, and it is full of code, that's great...more

Best price: $71.64

Mechanical Trading Systems

Chapter One

People who bought "Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis" ebook also bought: