Computerized Trading: Maximizing Day Trading and Overnight Profits

  Author:   
  ISBN:    0735200777
  Sales Rank:    384795
  Published:    1998-12-15
  Publisher:    New York Institute of Finance
  # Pages:    415
  Binding:    Hardcover
  Avg. Rating:    4.0 based on 16 reviews
  Used Offers:    16 from $18.42
  Amazon Price:   
  (Data above last updated:  2008-11-29 04:21:38 EST)
  
  
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Computerized Trading: Maximizing Day Trading and Overnight Profits
  
Mark Jurik taps into the minds of twenty experts who reveal their strategies for maximizing profitability using computerized trading systems.

Unlike other books that discuss one or two of the many aspects of trading, Computerized Trading covers all of the key topics related to the trader's survival and profitability. Beginning with a discussion of the basic skills a trader needs to design a trading system, this user-friendly guide moves from advice for the novice just getting started to advanced system development and data modeling for the experienced trader. Written so even the most inexperienced trader will understand every step, the chapters combine to deliver the whole picture, including:
Designing, testing, and analyzing trading strategies
Coping with the psychological pressures that accompany different trading methods
Controlling risk by applying a few basic rules and formulas
Negotiating the best data feed deal
Getting the right data, books and software

Complete with over 100 explanatory charts and diagrams, this book also contains several checklists to help traders monitor their progress in developing a trading system that works.

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

                  Reader Reviews 1 - 12 of 12                 
  
  
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08-23-06 5 (NA)
(Hide Review...)  A Great Read
Reviewer Permalink
This is a great book!! Do I think is a 100% perfect organized trading manual? Not even close. But it is packed full of information and has different point of views from different authors. If you like a chapter you can read more of the authors books. Or if you really disagree with something you read you can just take it for whats its worth!
(Review Data Last Updated: 2007-09-19 13:53:47 EST)
08-22-06 5 (NA)
(Hide Review...)  A Great Read
Reviewer Permalink
This is a great book!! Do I think is a 100% perfect organized trading manual? Not even close. But it is packed full of information and has different point of views from different authors. If you like a chapter you can read more of the authors books. Or if you really disagree with something you read you can just take it for whats its worth!
(Review Data Last Updated: 2007-03-22 05:47:28 EST)
08-24-02 4 (NA)
(Hide Review...)  Useful information if one using Neural Nets.
Reviewer Permalink
This work, ..., is very useful to those of us who are setting up trading systems based on Neural Nets or using other Cybernetic techniques. Yes the writing style may not be the best, but this does not take away from the high quality of the technical material, which is what is really important.

Mr Jurik has some very interesting Low-Lag technical indicators available on his web site....

If you are attempting to design a profitable trading system which uses technical analysis for Stock or Futures trading, this book should be on your shelf.

(Review Data Last Updated: 2006-07-01 09:48:10 EST)
10-05-00 2 14\16
(Hide Review...)  A collection of articles about investing
Reviewer Permalink
This book is written by 21 authors guided by one editor. All these 22 people are certainly experienced traders, but unfortunately most of them are inexperienced writers. When I got this book in my hands I was initially excited and impressed. As a matter of fact, I thought that this book may be the best one I saw so far: it is thicker than most other books on trading (415 pages), it seems to be written in unusually professional and serious language, and the table of contents promises that all substantial aspects of trading and portfolio management are covered.

However, I was quickly disillusioned when I started reading it. The thing is that each of 21 distinguished traders got a task of writing a 15-page essay on topic suggested by the editor. They did it to the best of their abilities, but unfortunately they did not succeed in creating anything better than a collection of articles on the subject of investing, which makes the impression of a bunch of trees with no forest in sight. There is no consistency in this book: some things are repeated over and over again whereas others are mentioned but never explained, some things are unnecessary and uselessly detailed, whereas the others are too general. The chapters do not provide sufficient background and support for each other as they should. Some chapters are excessively academic; some are totally out of date as they advise to call your broker to buy or sell securities, or give detailed explanations how to write a program to build a plot of a technical indicator which now can be downloaded for free from many different web sites. Even though everyone has a good chance to find a few useful tips in this book (I, for instance,liked chapters on strategies of entering and exiting the market), the overall useful outcome is quite disappointing and way below not only of what these authors could potentially teach the readers given their experience and knowledge, but also below the average level of literature on investing. Therefore I could not give "Computerized trading" more than a 2 star rating, and I strongly recommend against buying it.

(Review Data Last Updated: 2006-07-01 09:48:10 EST)
07-11-99 1 9\10
(Hide Review...)  Many more informative books out there
Reviewer Permalink
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.
(Review Data Last Updated: 2006-07-01 09:48:10 EST)
07-05-99 5 11\12
(Hide Review...)  A very valuable resource for all traders.
Reviewer Permalink
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.
(Review Data Last Updated: 2006-07-01 09:48:10 EST)
06-29-99 4 (NA)
(Hide Review...)  Like going to a conference.
Reviewer Permalink
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 contributors. So what? Reading this book is like going to a conference and hearing a lot of different speakers. Like any conference, not all the speakers are good... This book is packed with a lot of information and anyone with an open mind can learn a lot from it.
(Review Data Last Updated: 2006-07-01 09:48:10 EST)
06-28-99 4 6\6
(Hide Review...)  Helpful tools from traders, for traders
Reviewer Permalink
This book is broken up into sections where many different traders share their views on trading using fundamental and technical tools. This is not by any means a comprehensive book on technical analysis. However, it is a great read in order to get the "Big Picture" in the world of trading. Although I enjoyed this book a great deal, someone serious about trading with technical analysis should read Murphy's "Technical analysis of financial markets" or Pring's "Technical analysis explained".
(Review Data Last Updated: 2006-07-01 09:48:10 EST)
06-15-99 5 (NA)
(Hide Review...)  Excellent for new and experienced trader alike
Reviewer Permalink
An excellent book for the new trader-- as well as fundamental reviews of technical analysis for the more experienced. Jurik's contributors deal with everything from technical analysis to timing entry and exit points-- to managing funds for trading-- and the psycology of trading from a very personal standpoint... a must have for the traders' bookshelf
(Review Data Last Updated: 2006-07-01 09:48:10 EST)
05-11-99 1 2\6
(Hide Review...)  After reading this book I admit it was a waste of time...
Reviewer Permalink
It was a waste of time... No learning took place
(Review Data Last Updated: 2006-07-01 09:48:10 EST)
05-10-99 4 (NA)
(Hide Review...)  Much high level info. Many misprints.
Reviewer Permalink
Much usful information in this book. Each chapter is written by a different author - some easy to read, some not. The biggest problem with this book are the misprints and missing graphs.
(Review Data Last Updated: 2006-07-01 09:48:10 EST)
03-02-99 5 (NA)
(Hide Review...)  Excellent reference on trading methods
Reviewer Permalink
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

(Review Data Last Updated: 2006-07-01 09:48:10 EST)
  
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