Designing Stock Market Trading Systems: with and without Soft Computing
Designing Stock Market Trading Systems: with and without Soft Computing
In “Designing Stock Market Trading Systems”, Bruce Vanstone and Tobias Hahn guide you through their tried and tested methodology for building rule-based stock market trading systems using both fundamental and technical data. This book shows the steps required to design and test a trading system until a trading edge is found, how to use artificial neural networks and soft computing to discover an edge and exploit it fully. Learn how to build trading systems with greater insight and dependability than ever before Most trading systems today fail to incorporate data from existing research into their operation. This is where Vanstone and Hahn’s methodology is unique. Designed to integrate the best of past research on the workings of financial markets into the building of new trading systems, this synthesis helps produce stock market trading systems with unrivalled depth and accuracy. This book therefore includes a detailed review of key academic research, showing how to test existing research, how to take advantage of it by developing it into a rule-based trading system, and how to improve it with artificial intelligence techniques. The ideas and methods described in this book have been tried and tested in the heat of the market. They have been used by hedge funds to build their trading systems. Now you can use them too.
List Price: $ 100.00
Price: $ 63.44
How to Make Money Selling Stocks Short (Wiley Trading)
There are two sides to everything, except the stock market. In the stock market there is only one side–the right side. In certain market conditions, selling short can put you on the right side, but it takes real knowledge and market know-how as well as a lot of courage to assume a short position.
The mechanics of short selling are relatively simple, yet virtually no one, including most professionals, knows how to sell short correctly. In How to Make Money Selling Stocks Short, William J. O’Neil offers you the information needed to pursue an effective short selling strategy, and shows you–with detailed, annotated charts–how to make the moves that will ultimately take you in the right direction.
From learning how to set price limits to timing your short sales, the simple and timeless advice found within these pages will keep you focused on the task at hand and let you trade with the utmost confidence.
List Price: $ 19.95
Price: $ 11.29
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How Titles Mislead- Cost to Buyer- Profit to writer,
This book is technical overkill suitable for boffins and geeks but not for the average investor who wish to learn from so called experts as to how to develop a sound stock market trading system.
I tried hard to wade through the academicspeak, but it lost me at Chapter 6 with the T- test Equation and still further with Chapter 7 F-statistic Formulae (ANOVA)
Give me a break, give me a layman’s Market Trading System in a language I can understand OR give me my hard earned money back!!
Jean
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|Short this book (it shorts you)!,
I am a big fan of O’Neil, subscribing to Investors Business Daily as well as the DailyCharts website. I had hoped to get some valuable insights into short selling but I did not. This book did not cost much, but it was not worth the time or the money.
O’Neil credits his co-author “Gil Morales… undertook the tremendous task of rewriting… this work… originally published… in pamphlet form…”. This book is still a pamphlet, with about 150 pages of charts out of the 192 pages. The meat of the subject boils down to the “short selling checklist”, which doesn’t even fill 2 pages. In essence, short only in a confirmed bear market, shorting former leaders months after they peak.
Your time and money would be much better spent buying a good book on technical analysis (John Murphy’s books are required reading and he educates you on many indicators to look for when shorting stocks). At least you’d learn that what this book calls “overhead supply” is called resistance (and you’d learn not only to sell resistance but you’d also learn to buy support… but only in a confirmed bull market, and only months after the stock bottoms).
Miles Hoffman, CFA
Atlanta
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|Extremely Disappointing,
William O’Neil is perhaps the one individual responsible for my development as a trader and investor. I consider How to Make Money in Stocks to be one of the most valuable books on stock trading. I cannot say the same for this one. In fact, I found it to be a complete waste of both my time and money. There was not a single new or insightful bit of information in the text. If I could give it 0 stars I would.
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|Extremely Basic Short Selling Treatise,
William O’Neil, publisher of Investor’s Business Daily, as well as the author of a handful of highly readable, and very useful investing books, has updated his 1976 original treatise on short selling with the assistance of Gil Morales, Chief Market Strategist for his firm. The book briefly covers the mechanics and rationale for short selling. Selling short is the opposite of buying long. However, many investors are afraid to short because they either think it is un-American or dangerous. Neither premise is correct. If you know what you are doing, have a game plan, have stop-loss rules and monitor the markets daily, the opportunity to make money is there. And the May through October timeframe in 2006 may turn out to be terrific shorting opportunity.
The first part (27 pages) of this 194-page three-part paperback covers how and when to sell short. Using colorful charts with detailed explanations of the key price and technical market conditions, the authors illustrate the proper timing of the short sale.
Part II entitled “The Anatomy of the Short Sale,” details the mechanics of a short sale in seven pages. Two page-size charts illustrate the four phases of a short sale and the logic used to known when to pull the trigger.
Part III is composed of 155 pages of annotated chart examples of different stocks pointing out the stock’s trading characteristics and exact sell point. The chapter includes detailed write-ups of nine stocks and their charts, and hundreds of single page charts with annotations
Some of the key points made in the book include:
1. Very few investors know how and when to sell short correctly.
2. Use daily and weekly charts of a stock’s volume and price.
3. Use 20 and 50-day moving averages of price and the piercing of these averages by the price.
4. Best short sales are the biggest winners in the prior bull market
5. Determination and persistence are required characteristics of a successful short seller
Overall, this book provides a very basic introductory discussion of short selling which is not totally inclusive of all the information needed to make the sale. Comparing this book to his other books, O’Neil does not provide the same degree of detail or insight. He could have put more emphasis on providing more indepth discussions on the psychology and practice of short selling, as well as show how to use options instead of stocks. An investor considering short selling should become familiar with the market’s internal statistics, sentiment indicators, and technical analysis (e.g., MACD, stochastics, RSI, etc.) before even considering a short sale. Since 50-70% of a stock’s move is dependent on the market’s trend that should be the first item to be determined.
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