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|割引:||￥ 3,268 (45%)|
A Guide to Creating A Successful Algorithmic Trading Strategy (Wiley Trading) (English Edition) 1st 版, Kindle版
PERRY J. KAUFMAN is a leading investment consultant with more than forty years of experience in the equity and derivatives markets. He is the author of twelve trading books, including Trading Systems and Methods, Fifth Edition; A Short Course in Technical Trading; Smarter Trading; and Global Equity Investing. Perry continues to be a pioneer in the use of computer models for making financial decisions. --このテキストは、hardcover版に関連付けられています。
- ASIN : B01AOPKFZU
- 出版社 : Wiley; 第1版 (2016/1/14)
- 発売日 : 2016/1/14
- 言語 : 英語
- ファイルサイズ : 2740 KB
- Text-to-Speech（テキスト読み上げ機能） : 有効
- X-Ray : 有効にされていません
- Word Wise : 有効
- 本の長さ : 160ページ
- Amazon 売れ筋ランキング: - 523,984位洋書 (の売れ筋ランキングを見る洋書)
Secondly there is nothing specific about how to create an algorithmic trading system. The author seems to think any idea for a trade is an algorithm. There is not a single line of code, math formula, or mention of programming languages in this book. It seems most of the trades he is suggesting are making up some rules by hand and following those rules specifically.
Half the book is memories the author has from his trading days on strategies that will obviously not work anymore. In one case he remembers being at the pit of the Chicago Mercantile Exchange and was having to yell his order through his broker to get the order filled.
Many times the author will detail a "strategy" like following a breakout. This means buying if the stock reaches a new high, or selling short if the stock reaches a new low. He will say this, then give no details about implementing an algorithm, except to say you should stick to the rules if you can.
Sections on risk were laughably elementary. To give an example there is one subsection called "Stabilizing the risk" (pg. 152). The author states: "Risk control must be everywhere in your trading system. The two most important places are at the very start of each trade and when all of your markets are combined into a portfolio."
Later to conclude this same section on risk he says: "The objective is to increase leverage when the market is quiet and often producing profits, and decrease when there is too much risk, where or not there are profits. We want to avoid risk because what is good today can be ugly tomorrow."
There are tons of these blanket generalities such as suggesting the system should reduce risk but there is nothing specific at all. He even says he does not want to give specific details because that would make it too easy.
At the end of the book, he again mentions the book is so short because he wants you to read it all. I found it to be an insult to the reader the author didn't think people would be able to read more than 70 pages of his writing. It's very obvious this author has nothing to say, so they made the dimensions of the book tiny so it would appear bigger. The price is ridiculous as well at $40 for this.
Lastly, there is not a single graph showing any trading results this author has had. There's not a single mention of any programming language like Python, R, or MATLAB. And there's pretty much no even a single algorithm in the book, just generalities about the markets and some memories the author from trading decades ago.
Indeed, some of his remarks - ie on trading details, what works and what doesn't, are worth of paying attention to, but it is the other story, a story of a trader, sharing his memories. And it is not you were lookinig for by purchasing this book.
It is a rare case I give three stars, as I expected to meet more deepness and focus from this book.