- Hardcover: 432 pages
- Publisher: NYIF (Mar 1999)
- Language English
- ISBN-10: 0735200777
- ISBN-13: 978-0735200777
- Product Dimensions: 33.5 x 25.4 x 4.8 cm
- Average Customer Review: 3.6 out of 5 stars See all reviews (12 customer reviews)
- Amazon Bestsellers Rank: 1,720,361 in Books (See Top 100 in Books)
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Product Description
Amazon.co.uk Review
Day trading is not for the weak of heart; it's also not for those reluctant to embrace technology as a means of turning a profit, especially when one considers the competition: institutional investors armed with a wealth of bodies, brains and expensive computer systems. Editor Mark Jurik's Computerized Trading preps budding day traders to compete with such Goliaths, providing comprehensive resources for investing and trading in an increasingly sophisticated market.
Jurik enlists the help of 20 experts--a mix of veteran traders, consultants and investment gurus who author individual chapters. His textbook-style primer starts with the basic trading skills needed to design trading strategies and continues with testing and evaluation methods, including an interesting chapter on the psychology of trading. The guide then progresses into more complex indicators, such as nonlinear pricing and reflexivity, as well as market models using data- mining technology. Each chapter includes an introduction and summary, along with scores of graphs, charts, checklists and case studies.
The guide certainly proves the complexity and potential risks of day trading. Fortunately, it also contributes enough well-rounded information to guide day traders toward profitability. --Rob McDonald, Amazon.com
Product Description
Discover the answers to all your computerized trading questions, from basic to advanced, in this ground-breaking new guide to successful day trading. Twenty top experts reveal their techniques and strategies for successful computerized trading in this practical guide.
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Customer Reviews
Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Hardcover
I thought the book presents a well organized discussion of the important aspects of good trading. There are four parts, each with its own introduction and checklist style summary. Each author discusses the aspect of trading he knows best, and all together, the book offers much collected wisdom. Actually, considering the how many contributing authors there are (20 of 'em), the material is surprisingly well integrated.
The chapters progress toward more advanced topics, beginning with entering and exiting strategies, then money management, performance assessment (both system and trader), and on to multi-time frame strategies, market analysis, nonlinear modeling and forecasting.
I thought the tone began light because the material gets heavy soon enough. It struck me as a thoughtful approach to get both beginners as well as seasoned traders reading on the same wavelength.
There is one thing in this book I've seen nowhere else. An appendix discusses how financial tick data is created, transmitted to a user's computer, and processed by the computer. During this explanation, you're given "Consumer Report" style questions for you to ask when evaluating different data feed vendors. Considering how expensive choosing the wrong data feed can be, this alone makes the book worth its price.
If you're looking for a new magic technical indicator for instant riches, you'll be disappointed. There're no "secret" equations or "get rich quick" strategies here. Instead, there's lots of practical ways to improve trading systems. And there's lots of choosing to do: picking the right chart analysis, trading style, software, books, data feeds, ... as well as some optional sophisticated state-of-the-art techniques for the extra "edge". Of course, the advanced stuff take time and effort to implement. Rome wasn't built in a day, ya know.
I liked it. Can you tell?
1 of 1 people found the following review helpful
Format:Hardcover
Jack Schwager's books on the wizards offered more insight into trading successfully than this feeble attempt. Even Joe Krutsinger's book provided more information. The author's messy editing job only creates more confusion and chaos for the reader. More thought and preparation should have gone into this book. It could have been informative.
Format:Hardcover
This book offers valuable information on a variety of critical subjects for both the beginning trader and traders with extensive experience. As an edited book, it assembles the ideas of many authors and presents the information within an overarching framework of four sections: (1) Basic Trading Skills and Methods, (2) Testing and Evaluation, (3) Assessing the Market and Yourself, and (4) Advanced Indicators and Forecasting. As with any edited book containing chapters from various authors, each with unique knowledge, perspectives, and writing style, the chapters are somewhat heterogeneous. While the reading would have been smoother if one author had written about all the subjects covered, the collective expertise offered by the various authors is far more important. Mark Jurik has made a significant contribution to the field of computerized trading by editing this very valuable resource book and making the collective experiences and wisdom of many experts available in one book.
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Most Recent Customer Reviews
Like going to a conference.
Overall, this book is good. So there are some missing graphs. So there are some misprints. So there is discontinuity because of the different writing styles of the different... Read more
Published on 29 Jun 1999
Excellent for new and experienced trader alike
An excellent book for the new trader-- as well as fundamental reviews of technical analysis for the more experienced. Read more
Published on 15 Jun 1999
After reading this book I admit it was a waste of time...
It was a waste of time... No learning took place!
Published on 11 May 1999
Much high level info. Many misprints.
Much usful information in this book. Each chapter is written by a different author - some easy to read, some not. Read more
Published on 10 May 1999
Excellent reference on trading methods
Mark's book will probably be used as a reference for me more than most of the other books in my substantial collection. Excellent work, Mark!
Mike B
Published on 2 Mar 1999
This book will shorten your learning curve!
This is a serious book for real traders. Not a skim-the-surface introduction. Get ready for some detailed discussions on issues that most experienced traders learn the hard way. Read more
Published on 25 Feb 1999
A multiple-author hodgepodge of trading strategies
There is little cohesion or direction in this collection of chapters, each by a different author. It reminded me more of a collection of conference proceedings than than the... Read more
Published on 20 Feb 1999
Save your money.
This book should be an embarrassment to Prentice Hall. The Preface, The Intro and the first chapter are condescending and worthless. Read more
Published on 10 Feb 1999
Excellent! Really gets into nitty gritty. No puff.
An excellent book to actually help you trade. Tons of tips on how to enter and exit trades. Nice money management ideas. Actually tells you how to place stops. Read more
Published on 7 Feb 1999
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