Mechanical Trading Systems "Pairing Trader Psychology with Technical Analysis"

Pairing Trader Psychology with Technical Analysis

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Weissman, Richard L.

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ISBN:9780471654353
Editorial: Wiley & Sons Ltd.
Fecha de la edición:2005
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Dimensiones: 0 cm x 0 cm
Nº Pág.:217
Idiomas:Ingles,Inglés

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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.

Ch. 1 Dispelling myths and defining terms : mathematical technical analysis and mechanical trading systems 1
Ch. 2 Mathematical technical analysis : a building block for mechanical trading system development 15
Ch. 3 Trend-following systems : a matter of fortitude 41
Ch. 4 Mean reversion systems : a matter of patience 73
Ch. 5 Short-term systems : a matter of quick-mindedness 89
Ch. 6 Knowing oneself : how to challenge your knowledge 105
Ch. 7 System development and analysis : benefits and pitfalls 115
Ch. 8 Price risk management : schools of price risk management and other considerations 163
Ch. 9 Improving the rate of return : improving returns by expanding the comfort zone 177
Ch. 10 Discretion and systems trading : discretion within a mechanical framework 185
Ch. 11 Psychology of mechanical trading : trading systems and transformational psychology