Product Description
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;… More >>
Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis
Anyone whosse spend years trading anything from commodities to stocks, bonds, futures, etc., etd, etc., knows every trick, every system, every damn cliche that’s come down the subway line. And it’s exhausing parsing through the same nonsense year after year only to find the same systems and information you pored over the year before. To everyone who trades I tell you it’s all right to grow up now, read Richard Weissman’s book and trade–and profit–like an actual adult. For God’s sake take a minute and actually think about the information he’s developed for you and use it like you’ve just found the teacher’s edition in your high-school statistics class. Otherwise, just read the book of the month, and continue trading your soggy tear-off Monopoly pieces from the sides of your soggy McDonald’s cup in the wild hope of bring home a free order of large French Fries.
Free Yourself. Free Your Trading. Free Your Thinking. And For God’s Sake Grow Up.
Rating: 5 / 5
This is a well written concise book. Of course if you are looking for the ‘holy grail’ of trading you won’t find it here…
That is for you to find and that idea pretty much sums up the true intention of this book.
Rating: 4 / 5
Page xiv says it all: “Although the proprietary strategies I personally trade differ from those employed in this book….”. This is an overly simplistic, pathetic portrayal of mechanical trading systems that do not work and will not work. The book is overly technical in some areas, assumes a programming knowledge (e.g., metastock), and is generally a great sleep inducer. I am sorry I bought it, even at the discount.
Rating: 1 / 5
I didn’t grasp many of the technicalities pertaining to system trading (I don’t trade or aspire to trade mechanical systems) but it is a wealth of generalized trading knowledge nonetheless. It is an inspiring book and a great confidence builder for me, confirming that I am on the right track regarding discipline and psychology and that, with persistence, success will come.
Rating: 5 / 5
Its true: Want to know yourself? Develop a trading system, test it, put your money on it….. AND TRY TO FOLLOW IT.
WARNING : This is not for the weak…
Rating: 5 / 5