Weissman Mechanical Trading Systems

Pairing Trader Psychology with Technical Analysis
1. Auflage 2004
ISBN: 978-0-471-73097-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 218 Seiten, E-Book

Reihe: Wiley Trading Series

A wide variety of flexible trading systems that combinesophisticated technical analysis with trading psychologytheory
Mechanical Trading Systems examines the development process forchoosing and using mechanical trading systems in conjunction withtrader psychology. This book discusses the advantages anddisadvantages of mechanical trading systems; the dangers in systemdevelopment and how to avoid them; the optimal methods forback-testing trading systems; position sizing and other riskquantification tools; and methods of improving rates of return oninvestments without significantly increasing risk. Mostimportantly, through a detailed examination of various types ofunsuccessful trader personality traits (e.g., fearfulness, greed,and impatience), the book recommends different types of tradingsystems 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. Hecurrently provides independent consultation an d training servicesto traders and risk management professionals in the areas oftechnical analysis, risk management, and trader psychology.

Autoren/Hrsg.

Weissman, Richard L.

Inhaltsverzeichnis

Preface.
CHAPTER 1: Dispelling the Myths and Defining theTerms-Mathematical Technical Analysis and Mechanical TradingSystems.
CHAPTER 2: Mathematical Technical Analysis - A Building Blockfor Mechanical Trading System Development.
CHAPTER 3: Trend Following Systems- A Matter of Fortitude.
CHAPTER 4: Mean Reversion Systems- A Matter of Patience.
CHAPTER 5: Short Term Systems- A Matter of QuickMindedness.
CHAPTER 6: Knowing Oneself: How to Challenge Your Knowledge105
CHAPTER 7: System Development and Analysis: Benefits andPitfalls 115
CHAPTER 8: Price Risk Management: Schools of Price RiskManagement and Other Considerations.
CHAPTER 9: Improving the Rate of Return: Improving Returns byExpanding the Comfort Zone.
CHAPTER 10: Discretion and Systems Trading: Discretion within aMechanical Framework.
CHAPTER 11: Psychology of Mechanical Trading: Trading Systemsand Transformational Psychology.
Notes.
References and Further Reading.
Index.

Über Autor(innen)

Richard L. Weissman has seventeen years' experience as a trader and developer of trading systems. Formerly, he was president of R. Lloyd Associates Ltd. where he focused on the development and implementation of mechanical trading systems that were applicable to all trading vehicles. Mr. Weissman has written articles on technical analysis and mechanical trading system development for various industry publications, acted as a lecturer at industry conferences, and is recognized globally by industry leaders and the financial media as a leading authority in the field. He currently provides independent consultation and training services to traders and risk management professionals on technical analysis, derivatives, mechanical trading system development, risk management, and trader psychology.