In Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his secrets for developing trading systems that generate triple-digit returns. With both explanation and demonstration, Davey guides you step-by-step through the entire process of generating and validating an idea, setting entry and exit points, testing systems, and implementing them in live trading. You'll find concrete rules for increasing or decreasing allocation to a system, and rules for when to abandon one. The companion website includes Davey's own Monte Carlo simulator and other tools that will enable you to automate and test your own trading ideas.
A purely discretionary approach to trading generally breaks down over the long haul. With market data and statistics easily available, traders are increasingly opting to employ an automated or algorithmic trading system--enough that algorithmic trades now account for the bulk of stock trading volume. Building Algorithmic Trading Systems teaches you how to develop your own systems with an eye toward market fluctuations and the impermanence of even the most effective algorithm.
Market patterns change, and so do system results. Past performance isn't a guarantee of future success, so the key is to continually develop new systems and adjust established systems in response to evolving statistical tendencies. For individual traders looking for the next leap forward, Building Algorithmic Trading Systems provides expert guidance and practical advice.
Everyone agrees the stock market is the best approach to achieving long-term wealth, but few have known how to unlock its wealth secrets - until now.
Are you ready to join in?No matter what your skill level, or how much time you can devote to stock market investing, this book can help you reach your goals with its revolutionary Stock Picking Pyramid. Fully revealed in the book, you will use the pyramid to tailor your investment strategy to your situation - your goals, your investing horizon and your available time.
In this book, you will learn:
* One task most investors neglect (this will save you thousands)
* Why you should invest in stocks Ins and outs of the stock market
* How to open an account and buy your first stock
* How to get your financial house in order BEFORE investing
* How to analyze and select stocks
* How to create an investment plan tailored to YOU
* How to protect your investments
* How to create a lifelong plan for wealth building
* Much more!
Just starting out in stocks? This book will teach you the basics and give you a solid foundation for an investing lifetime.
Intermediate market investor? You'll find a level on the Stock Picking Pyramid with techniques that can accelerate your wealth building skills.
Advanced or expert market player? At the top of the pyramid, you'll discover new professional approaches to enhance your portfolio's performance.
Best-selling author and champion trader Kevin Davey shares his 30 years of investing and trading secrets in this book. Thousands around the globe have benefitted from Kevin's down-to-earth, practical style of trading and investing.
Is today the day that your stock market investing skills take a giant leap forward?
Get started today on building wealth via the stock market.Everyone agrees the stock market is the best approach to achieving long-term wealth, but few have known how to unlock its wealth secrets - until now.
Are you ready to join in?No matter what your skill level, or how much time you can devote to stock market investing, this book can help you reach your goals with its revolutionary Stock Picking Pyramid. Fully revealed in the book, you will use the pyramid to tailor your investment strategy to your situation - your goals, your investing horizon and your available time.
In this book, you will learn:
* One task most investors neglect (this will save you thousands)
* Why you should invest in stocks Ins and outs of the stock market
* How to open an account and buy your first stock
* How to get your financial house in order BEFORE investing
* How to analyze and select stocks
* How to create an investment plan tailored to YOU
* How to protect your investments
* How to create a lifelong plan for wealth building
* Much more
Just starting out in stocks? This book will teach you the basics and give you a solid foundation for an investing lifetime.
Intermediate market investor? You'll find a level on the Stock Picking Pyramid with techniques that can accelerate your wealth building skills.
Advanced or expert market player? At the top of the pyramid, you'll discover new professional approaches to enhance your portfolio's performance.
Best-selling author and champion trader Kevin Davey shares his 30 years of investing and trading secrets in this book. Thousands around the globe have benefitted from Kevin's down-to-earth, practical style of trading and investing.
Is today the day that your stock market investing skills take a giant leap forward?
Get started today on building wealth via the stock market.