Binding: Hardcover
Dewey Decimal Number: 332.645
EAN: 9780070340022
ISBN: 0070340021
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 252
Publication Date: January 01, 1995
Publisher: McGraw-Hill
Sales Rank: 127892
Studio: McGraw-Hill

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Editorial Review:

Product Description:
As a direct result of economic globalization and computerized trading, today's professional stock, bond, and futures traders face a career-making--or breaking--challenge: to track and immediately comprehend the bewildering place of market, volume, and price changes, then some how profit from this unexpected volatility. In Smarter Trading distinguished author and trader Perry Kaufman helps harried financial pros cope with financial market uncertainty by creating a ``robust'' trading model that adapts quickly to market changes and yields stronger, more predictable results. And he shows them how to make sense of the current barrage of sophisticated, hi-tech trading technologies--neural networks, fuzzy logic, expert systems, chaos, and fractals, to name a few--and align these weapons with their own trading strategies.




Rating: - Good but not great
This book had some good information, but it was clear that it was written by a rocket scientist. The book had a lot of great information, but it was not an easy read, nor did it flow well. At times, it appeared the author would contradict himself... but I'm still not sure. I'm glad I read the book, but it will not help me in my trading.

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Rating: - OK but no cigar
I bought this book from Amazon in 1998 so I probably bought it on the basis of the only review at the time (which gave it 5 stars). It has remained idle on my shelf from the day it arrived until last week when I found reason to have a closer look into it. I was not particulary impressed. The book seems more dated than merely 10 years.

Another review mentions the " sections on "neural networks", "fuzzy logic", and "expert systems" are basically filler material and of not much practical ... Read More

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Rating: - Stop Loss vs Risk
The person who said that Kaufman does not believe in stop losses is quite INCORRECT. The whole purpose of this book is to weigh a stop loss against a possible incorrectly placed volatile sale.
If anyone trades with a regular basis they know the horror of being 'stopped out' because of volatile price swings. Kaufman helps by correclty analyzing the benefits of stops vs losses showing how mechanized systems for stops have their own pitfalls.

Kaufman's whole treatise on RISK is really worth ... Read More

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Rating: - Computerized System Development
This was a good read on trading methodology and system development. The best concept is that of the "unable" trade, which is where your system gives a buy signal but you can not get your order filled. This is a double edged sword in that you would get filled on trades where a buy was signaled, but the trade results in a loss and not on trades that would have been highly profitable. The end result is hypothetical returns that are higher than they should be. Probably why so many successful paper systems ... Read More

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Rating: - Kaufman dislikes stop loss?
Kaufman is one of my favorite author. But in this book he seems to have an idea that stop loss is not a good thing! I really cannot agree with him. Except this point the book is quite good. But the other book by the same author contains similar contents. I would perfer the later.

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