{"title":"Volume 16 (1998)","description":"\u003cp\u003eBrowse Volume articles by issue:\u003c\/p\u003e\u003cdiv style=\"display:flex;flex-wrap:wrap;gap:12px;\"\u003e\n\u003ca href=\"\/collections\/articles-volume-16\/issue-01?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 1 January\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-02?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 2 February\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-03?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 3 March\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-04?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 4 April\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-05?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 5 May\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-06?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 6 June\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-07?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 7 July\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-08?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 8 August\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-09?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 9 September\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-10?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 10 October\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-11?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 11 November\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-12?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 12 December\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-13?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 13 Quick Scans\u003c\/a\u003e\u003ca href=\"\/collections\/articles-volume-16\/issue-14?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 14 Product Reviews\u003c\/a\u003e\n\u003c\/div\u003e","products":[{"product_id":"v16-c14-130pr-pdf","title":"V.16:14 (643-645): Product Review: Visual System Designer ver 3.001 by John Sweeney","description":"Visual System Designer, Version 3.001 (Digital Enterprises, Ltd.). Software to classify, find, run and chart patterns-based systems on real-time data. by John Sweeney\u003cbr\u003e\u003cbr\u003eQuite often, the best trading\nideas come from the visual\nimpression left by a\nchart. Nearly everyone has\nthought, at one time or another,\nthat it would be great if the pattern\nof bars that one sees could be defined\nand tested to see if it truly did lead\nto predictable price action. Visual System\nDesigner (VSD) does just that and\nvisually, by clicking and dragging. In\naddition, VSD makes it possible to define\npatterns using indicators and studies,\na unique combination.\u003cbr\u003e\u003cbr\u003eOnce things have been defined and it only takes a second to drag through\nsome bars you think could be predictive\n the program will start to find matching\ninstances throughout the history\nprovided so you can inspect results. If\nyou wish, you can add trading rules to\nthe definition and instruct VSD to\nbacktest them.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133795266929,"sku":"\\V16\\C14\\130PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_28217f3b-e9a3-456c-9acc-c286e9b56131.jpg?v=1739652708"},{"product_id":"v16-c05-039vol-pdf","title":"V.16:5 (247-249): Volatility Of Returns by John Sweeney","description":"Volatility Of Returns by John Sweeney\u003cbr\u003e\u003cbr\u003eDesigning a profitable trading system is key, but the way that profits and losses vary can have an impact on your long-term success. Here's why looking at how the returns deviate can help you design your own system.\u003cbr\u003e\u003cbr\u003eTraders spend a lot of time worrying about the proper trading signals. Then they think about stops, and sometimes they even worry abut exits. (Not to mention\ncomplementary trades, diversification and capital management.)\u003cbr\u003e\u003cbr\u003eHardly anyone, assessing his trading system, worries\ntoo much about its volatility. In most trading system evaluation software, volatility the variability of the returns it provides isnt covered at all. Even so, volatility does have some unexpected impact on a systems usefulness and therefore on your wealth at the end of the day. All things being equal, the system with the lower volatility will beat the system with higher volatility.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133796446577,"sku":"\\V16\\C05\\039VOL.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6522f774-6ddf-4829-bb11-fc649ba3f450.jpg?v=1739652729"},{"product_id":"v16-c13-109qs-pdf","title":"V.16:13 (602-603): Quick Scan: A W.D. Gann Treasure Discovered","description":"A W.D. Gann Treasure Discovered, Simple Trading Plans for Stocks \u0026amp; Commodities (Geometric Traders Institute, Inc.)\u003cbr\u003e\u003cbr\u003eI first heard Robert Krausz speak when\nhe was the luncheon guest speaker for\nthe Dow Jones Telerate (TAG XVI) conference\nback in 1994. I remember how\nemphatic he was as he stressed that successful\ntraders have mechanical trading\nplans, and that to become a profitable\ntrader, you had to develop fixed trading\nrules and then do what he referred to as a\nbacktrack over your market of choice.\nWith both hands gripping the podium, as\nif he were trying to shake some sense into\nthe audience, Krausz spelled out that if\nyou followed his advice, then two very\nimportant things should happen. First,\nyou would be able to accurately gauge\nthe methods performance, and second,\nif you did this work by hand, you would be\nmentally prepared for implementing the\nplan under real-time trading conditions. --Thom Hartle is Editor of STOCKS \u0026amp;\nCOMMODITIES magazine.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133796479345,"sku":"\\V16\\C13\\109QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c8c6f117-6992-411f-a4fe-5da4483bfd80.jpg?v=1739652731"},{"product_id":"v16-c13-113qs-pdf","title":"V.16:13 (606): Quick Scan: Trading in the Zone","description":"Trading in the Zone, How To Create A State Of Mind That Eliminates The Fear, Stress, And Anxiety From Your Trading (Trading Behavior Dynamics, Inc.)\u003cbr\u003e\u003cbr\u003eI would think that anyone with so much\nas an ounce of entrepreneurial spirit\nwould look at the career of the professional\ntrader with keen interest. Its easy\nto picture yourself sitting in front of a\nscreen, trading away, racking up steady\nprofits. Youd see yourself as being\nyour own profit center with complete\ncontrol over your destiny. Unfortunately,\nthat scenario rarely works out so\nwell. The majority of individuals trading\nfutures lose most of their capital\nwithin their first year, then give up on\ntrading. Their reasons for doing so range\nfrom believing theres some secret indicator\nthey dont know about all the way\nto believing its their brokers fault that\ntheir trades failed. Those who do hang\nin there acquire extensive market and\ntrading knowledge, yet they struggle to\nbe consistently profitable. Thom Hartle, Editor","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133796577649,"sku":"\\V16\\C13\\113QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_82c50120-c099-4f60-bd94-34fe8b6c7854.jpg?v=1739652733"},{"product_id":"v16-c14-144pr-pdf","title":"V.16:14 (682-683): Product Review: MarkeTrack 98 by John Sweeney","description":"MarkeTrack 98 (Track Data Corporation). Internet-based quotes and charts service. by John Sweeney\u003cbr\u003e\u003cbr\u003eData vendors have just\nabout completed the task\nof adding the Internet delivery\nvehicle to the list\nof FM, satellite and leased\nfocus on presentation and\ncomprehensive content. A\nphone lines. Now they are starting to case in point is MarkeTrack\n98 from Track Data Corp.\nLike other Internet-based\ntrading station vendors,\nthey deliver a ton of\nquotes. The difference is\nthat, unlike many, they\nget their data right from\nthe exchange. They arent\nreselling data, thereby\neliminating one link that\ncan go down or inflict\ndata damage.\u003cbr\u003e\u003cbr\u003eThen Track Data exploits\nthe multitasking in which case Windows will page the\nstuff on and off your hard drive).\nEach application will be something\nlike a chart, a quote table, a technical\nstudy, news, options, time and sales,\nor ticker. MarkeTrack 98 can also\nfeed a dynamic data exchange\n(DDE) link while its at it.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133796610417,"sku":"\\V16\\C14\\144PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8821cd61-b219-435b-a09b-865762d69f7f.jpg?v=1739652736"},{"product_id":"v16-c14-147pr-pdf","title":"V.16:14 (689): Product Review: Bollinger Group Power by John Sweeney","description":"Bollinger Group Power (AIQ Systems, Inc.). John Bollinger's industry groupings arranged for use with AIQ's TradingExpert. by John Sweeney\u003cbr\u003e\u003cbr\u003eLately, group analysis has\nbecome more of an issue,\nwith investors becoming\nmore sophisticated in their\ntrading of stocks, as opposed to buying and holding stocks.\nWhat were once one-industry decisions\n(high-tech first, last, and foremost) have\nbecome more difficult as the bull market\nhas hesitated in late 1998 and defensive\npositions with equity upsides are\nmore difficult to find.\u003cbr\u003e\u003cbr\u003eAcademic studies have long differentiated\nbetween return and risk due to\nthe market versus those due to company\ncapabilities. Analyst John Bollingers\nreview of such studies places the return\nfrom stocks even more precisely: 50% is from the industry group. He assigns\nthe remaining return to the market at\nabout 30%, and the stock itself at 20%.\u003cbr\u003e\u003cbr\u003eTo make such an analysis concrete, Bollinger, who is best known as money\nmanager, analyst, and newsletter publisher,\nhas created his own industry\ngroupings based not only on the line of\nbusiness of each company but also the\ntrading pattern of its stock. He has examined\nthe correlation between stocks\nto see that they are not only in similar\nlines of business but also trade with\nsimilar price patterns. ...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133796643185,"sku":"\\V16\\C14\\147PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_9ae55a58-63f7-4478-8c57-d94d3f2a8c65.jpg?v=1739652738"},{"product_id":"v16-c01-007int-pdf","title":"V.16:1 (42-49): On Synergy and Strategy: Tom Bierovic Of Synergy Futures by Thom Hartle","description":"On Synergy and Strategy: Tom Bierovic Of Synergy Futures by Thom Hartle\u003cbr\u003e\u003cbr\u003eThomas Bierovic is president of Synergy Futures, a research, trading, and education company. He also writes Synergy Fax, a daily advisory service for futures traders, and he wrote the well-regarded trading manual A Synergetic Approach to Profitable Trading. His specialty involves \"synergizing\" a variety of trend-following indicators, directional-movement indicators, momentum oscillators, Fibonacci retracements, and chart patterns to create low-risk\/high-reward trading methods. Stocks \u0026amp; Commodities Editor Thom Hartle spoke with Bierovic on October 24, 1997, via telephone to talk about his approaches.\u003cbr\u003e\u003cbr\u003eSo how did you get interested in the markets?\u003cbr\u003e\u003cbr\u003eI started in the futures business at a very early age. My father owned a seat on the old Chicago Open Board of Trade, which is now the MidAmerica Commodity Exchange. Back in 1961, I used to earn my allowance money by getting prices on agricultural commodities out of the daily newspaper and constructing point and\nfigure charts, as well as weekly and daily bar charts. I would plot trendlines and at least two moving averages for my dad. And each summer vacation, from junior high through high school, I worked on the floor of the Mid-Am for my father.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133800542577,"sku":"\\V16\\C01\\007INT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a374914c-1971-4d38-8113-5a72940a87ec.jpg?v=1739652797"},{"product_id":"v16-c04-027zero-pdf","title":"V.16:4 (169-172): Zero Cost Averaging by Terrence M. Quinn and Kristin A. Quinn","description":"Zero Cost Averaging by Terrence M. Quinn and Kristin A. Quinn\u003cbr\u003e\u003cbr\u003eThis technique steps in to assist in the management of the investment after the investor has determined which securities to purchase and when to open the position.\u003cbr\u003e\u003cbr\u003eTraditionally, fundamental analysis and technical analysis have been used to evaluate stocks, mutual funds and other equity securities. With technical analysis, the focus is upon the tradable instruments actual price movement in the marketplace, as opposed\nto fundamental analysis, whereby the companys earnings potential is examined and the trading instruments performance in the marketplace is not analyzed. Based on price patterns, technicians endeavor to determine when it is the best time to buy (or sell) the security.\u003cbr\u003e\u003cbr\u003eThere is a third form of security analysis, known as zero cost averaging (ZCA). ZCAs objective is to assist the investor in answering the question of how to invest in the stock, mutual fund or other security. Zero cost averaging does not replace either fundamental or technical analysis; rather, ZCA works with other analytical methods. Once the investor has determined what securities to purchase and when is a good time to open the position, ZCA steps in to assist in the management of the investment.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133800575345,"sku":"\\V16\\C04\\027ZERO.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_4808078c-5be7-429a-a4d9-778dc540cf9c.jpg?v=1739652799"},{"product_id":"v16-c13-111qs-pdf","title":"V.16:13 (604): Quick Scan: The Four Biggest Mistakes In Option Trading","description":"The Four Biggest Mistakes In Option Trading (Traders' Library)\u003cbr\u003e\u003cbr\u003eIn The Four Biggest Mistakes In Option\nTrading, STOCKS \u0026amp; COMMODITIES contributor\nJay Kaeppel does an excellent\njob of discussing the biggest pitfalls in option trading that market participants\ncan run into. He does so by dividing the\ndiscussion into four segments, one for\neach mistake. He further divides each\nsection by asking and answering three\ncritical questions about each mistake.\nThose questions are:\u003cbr\u003e\u003cbr\u003e1 Why do traders make this mistake?\u003cbr\u003e\u003cbr\u003e2 Why does this mistake cause losses\nin the long run?\u003cbr\u003e\u003cbr\u003e3 How can options traders avoid said\nmistake?\u003cbr\u003e\u003cbr\u003eStuart Evens, Staff Writer","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133801263473,"sku":"\\V16\\C13\\111QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_989e2dbc-2288-4625-81d5-84406f7f20af.jpg?v=1739652825"},{"product_id":"v16-c14-138pr-pdf","title":"V.16:14 (667-668): Product Review: GlobalView in the Energy Markets by John Sweeney","description":"GlobalView, In The Energy Markets (GlobalView Software Inc.). Software that displays quotes and standard analytics for both retail and institutional environments. by John Sweeney\u003cbr\u003e\u003cbr\u003eCustomer service for the\nenergy industry really\nstands out in EnergyView,\none of GlobalViews spe-cialized\ntrading platforms\nfor energy traders. GlobalView representatives\ninstall your software, create\nyour initial screen layouts, and teach you\nin person how to run the system. By the\nend of the day, youre fully operational.\u003cbr\u003e\u003cbr\u003eThat can include integration with your\nfirms information systems though\nthats not a one-day affair. GlobalView\nSoftware is the only data integration software\nprovider that assures integration\nwith full-span accounting and business\nmanagement environments that are increasingly\ndeployed throughout enterprises\nsuch as Shell or Amoco.\u003cbr\u003e\u003cbr\u003eWhile it includes the browser interface,\nGlobalView can put together standard\nscreens and reports customized for\nnonexperts who need to retrieve standard information on a routine basis.\nSince GlobalView provides nearly\nevery energy-based information source\nfrom Platts to obscure faxed price sheets\nfrom Indonesia, they can integrate your\ninformation with theirs in standard reports.\nThese customized packages build\nGlobalView into proprietary information\nsystems that you can distribute to\nany of your locations with Internet access,\nwhich is to say, a large portion of\nthe world.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133801525617,"sku":"\\V16\\C14\\138PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6ee396cf-a60b-41e7-9978-19427d8b5b3e.jpg?v=1739652828"},{"product_id":"v16-c03-021exit-pdf","title":"V.16:3 (135-141): Testing Exit Strategies by Jeffrey Owen Katz, Ph.D., and Donna L. McCormick","description":"Testing Exit Strategies by Jeffrey Owen Katz, Ph.D., and Donna L. McCormick\u003cbr\u003e\u003cbr\u003eEveryone's looking for entry trading signals, but what about after you're in the trade? Last time, Katz and McCormick looked at different techniques for making a graceful and profitable exit. This time, they're testing various exit strategies, both separately and in combination, to determine how well they can improve a trading system.\u003cbr\u003e\u003cbr\u003eLast time, we discussed the problem of exit strategies. We determined that a good exit strategy is important because failing to exit at the proper time can cost a trader dearly, and we also concluded that a good exit strategy must, above all, strictly control losses while not sacrificing too many potentially profitable trades in the process; at best, it must allow profitable trades to fully mature. If risks can be controlled by quickly exiting from losing trades without killing or cutting short too many winning trades, a losing system might even be turned into a profitable one. Most important, during the inevitable bad periods, a good exit strategy that incorporates solid money management and capital preservation techniques can increase the probability that you will still be around for the next potentially profitable trade.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133801918833,"sku":"\\V16\\C03\\021EXIT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_873e5d32-2131-4ddb-8642-6c59f8e29a80.jpg?v=1739652838"},{"product_id":"v16-c13-101qs-pdf","title":"V.16:13 (596-597): Quick Scan: The Essex Option Trading Seminar video","description":"The Essex Option Trading Seminar video (Essex Trading Company, Ltd.)\u003cbr\u003e\u003cbr\u003eNot only is Essex Trading a software\ndeveloper, but the company also has a\ndeveloping interest in educating traders.\nEver since director of research Jay\nKaeppel published the Pro-Vest Option\nTrading Method, Essex Trading has\nbeen noted for offering practical trading\nguidelines of substance.\nThat was the book; this is the seminar.\nWhere the Pro-Vest approach was\nprobabilistically oriented (the Pro part\nof Pro-Vest stems from probabilistic),\nthe seminar, given in April 1997, tacks\non models for trading momentum, relative\nstrength and volatility on stock\nindices, particularly the OEX. These\ntrading systems come with some aggressive\nadd-on trading rules (for example,\nif the trade goes against your\ndirection for up to four days, add up to\nthree more positions in the same direction) and a refinement of the exit rules. John Sweeney, Technical Editor","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133801951601,"sku":"\\V16\\C13\\101QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_60c77ef7-0608-4e32-b568-147ddf3a5320.jpg?v=1739652840"},{"product_id":"v16-c12-092risk-pdf","title":"V.16:12 (559-562): Measuring Risk by Dick Stoken","description":"There are two common ways to measure performance: the standard deviation of returns and the Sharpe ratio. Here's a third way.\u003cbr\u003e\u003cbr\u003eHow do we measure risk? In the\nfinancial industry, the generally\naccepted method is the standard\ndeviation of returns. A low standard\ndeviation indicates that\nexpected returns vary little from\naverage returns (suggesting less\nrisk), while a high standard deviation\nsuggests that expected\nreturns vary greatly from average returns (implying more\nrisk). The assumption is that stable past returns are less risky,\nyet many practitioners are uneasy with this concept.\u003cbr\u003e\u003cbr\u003eFACTORING IN LOSSES\u003cbr\u003e\u003cbr\u003eLets examine a risk measure that factors in the actual losses\nexperienced by asset managers. Say that portfolio manager\nDick Smith experienced two negative years of -2.7% and\n-7.9%, a combined loss totaling -10.6% over a 25-year\nperiod. By dividing this total loss by the number of years in\nour observation (25), we derive an average loss of -0.42% per\nyear. This is the average loss that an investor would have\nexperienced had he bought at the beginning of a negative\nperiod, sold at the end of that span, and stayed on the sidelines\nin the interim.\u003cbr\u003e\u003cbr\u003eLet us also suppose that during that same 25-year period,\nthe Standard \u0026amp; Poors 500 was down a total of five years for\na combined loss of -56.7%, averaging -2.27% a year. When\nviewed from this perspective, Smiths portfolio was clearly\nless risky than the S\u0026amp;P 500.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133802803569,"sku":"\\V16\\C12\\092RISK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e7bf5a58-ba71-47ec-bed6-da47c8cbb6d4.jpg?v=1739652859"},{"product_id":"v16-c06-045syst-pdf","title":"V.16:6 (277-284): On System Development Part 1 by Mark Vakkur, M.D.","description":"On System Development Part 1 by Mark Vakkur, M.D.\u003cbr\u003e\u003cbr\u003eHere's one for the first-time developer of a trading system, or someone who's thinking about developing a system. Here are the basic steps this author took to develop a system for the stock market.\u003cbr\u003e\u003cbr\u003eSuccessful trading is nothing more than systematically putting the odds in your favor. Our only guide to the future is the past; the trader must hunt down historical associations and hope they continue\nto hold true. These associations can be as simple as the idea that a close above a rising moving average\ntends to be followed by higher prices or as complex as a DeMark countdown. Moving from an observation to a viable trading system, however, requires a rigorous process of system development. I will illustrate the development of a simple system for the stock market based on a combination of three variables that have been shown to be highly profitable when used alone seasonality; the Presidential election year cycle; and the relationship between the yield on the 30-year Treasury bond and its six-month moving average.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133803884913,"sku":"\\V16\\C06\\045SYST.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_75e64b80-3758-4964-a758-f1b900c4b0f3.jpg?v=1739652891"},{"product_id":"v16-c07-052stop-pdf","title":"V.16:7 (324-328): Barrier Stops And Trendlines by J. Katz, Ph.D., and D. McCormick","description":"Barrier Stops\nAnd\nTrendlines by Jeffrey Owen Katz, Ph.D., and Donna L. McCormick\u003cbr\u003e\u003cbr\u003eLast time, Katz and McCormick measured the performance\nof using this strategy as an exit rule. This time, we examine the\neffect of eliminating entries that would have been taken in\ninstances where the trendline stop was farther than $1,250\naway from the entry price.\u003cbr\u003e\u003cbr\u003eIn recent articles, we experimented\nwith exits to determine\nwhether simple exit strategies\ncan improve the performance\nof a system with essentially\nrandom trade entries. We have\nexplored a strategy that involved\na profit target exit, a\nstop-loss exit and a time-based\nexit, and then examined the\nbehavior of trailing stops.\nThroughout these experiments, we used a standardized random\nentry system in which a random number generator\nprovided us with the entries into positions from which we\ncould exit. In all instances, we found that exit methods could\nsignificantly improve a system or ruin it, depending on\nwhether the strategies were correctly chosen and\/or applied.\nFor example, stop-losses and profit targets of the wrong sizes,\nor incorrect parameters for trailing stops, can make a trading\nsystem perform significantly worse than it would otherwise. Finally, we found that while there is some interaction between\nthe two, overall, the behavior of exits seems to be\nrelatively unaffected by the entry methods employed.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133804048753,"sku":"\\V16\\C07\\052STOP.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5fed3db6-ec25-418e-b0de-a510be183086.jpg?v=1739652893"},{"product_id":"v16-c14-139pr-pdf","title":"V.16:14 (669-673): Product Review: OptionVue 5 by John Sweeney","description":"OptionVue 5, Version 1.11 (Optionvue Systems International, Inc.) Options analytical software. by John Sweeney\u003cbr\u003e\u003cbr\u003eOptionVue International\nwas among the first, and\ncertainly among the most\nsuccessful, to deliver options\nsoftware that both\nprofessionals and retail customers could\nuse effectively. But until now, the program\nhadnt been updated to Windows.\nNow, in OptionVue 5, OptionVue Systems\nInternational has not only upgraded\nthe search and analysis functions but\nalso put everything into a Windows\nformat.\u003cbr\u003e\u003cbr\u003eOptionVue 5 also handles nearly every\ninstrument in the options world:\nequity and equity index options, LEAPs,\nbond options, currency options and futures options domestic or foreign.\nOptionVue takes care of the symbols,\nthe conversion factors, the currencies\n the whole megillah.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133804114289,"sku":"\\V16\\C14\\139PR.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_73766a97-049e-4db5-bd8d-5a4e2882d5aa.jpg?v=1739652896"},{"product_id":"v16-c10-078int-pdf","title":"V.16:10 (475-481): The Power of Knowledge: James O'Shaughessy by Thom Hartle","description":"Money manager and author James O'Shaughnessy is best known for the astute research presented in his books. We spoke to him about what the individual investor should focus on.\u003cbr\u003e\u003cbr\u003eSo how did you start out, anyway?\nI started out like everyone\nelse, wanting to know\nwhy a stock went up or down. I would\nwatch with surprise when the price of\nstory stocks, where the prospects for the\ncompany was the best thing since sliced\nbread, would tumble, despite the glowing\nrecommendations for it. At the same\ntime, I would see stodgy, old-line industrial\ncompanies such as Goodyear\nTire rallying several hundred percent-age\npoints.\nWhat did that indicate to you?\nI figured that it wasnt the underlying\nstory of the company that was important.\nEarly on, I believed that the way\nthe stocks moved had to have some sort\nof underlying symmetry.\nSo you believe that it wasnt a random\nwalk?\nI just did not believe that the market\nwas efficient.\nHow so?\nIf you agree that trading is frictionless\nand investors are rational, and if\nyou agree that everyone has a homogeneous\ninterpretation of the information,\nthen stock markets are efficient.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133805228401,"sku":"\\V16\\C10\\078INT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_0b6a8942-b157-4efe-b692-b4f3afe0b379.jpg?v=1739652927"},{"product_id":"v16-c07-053syst-pdf","title":"V.16:7 (329-335): On System Development; Part 2 by Mark Vakkur, M.D.","description":"On System\nDevelopment Part 2\nby Mark Vakkur, M.D.\u003cbr\u003e\u003cbr\u003eLast month, this author introduced the initial steps that\nsomeone, novice or veteran, should take when developing a\nstock market system. This time, he explains the final steps.\u003cbr\u003e\u003cbr\u003eLast time, I posited that successful\ntrading consists of systematically\nputting the odds in your\nfavor. Since our only guide to\nthe future is the past, I showed\nhow the trader must find historical\nrelationships and apply\nthem to the markets going forward.\nI outlined four steps.\nFirst, historical data must be\ngathered; I used monthly closing\ndata of the Standard \u0026amp; Poor's 500 to illustrate. Second,\nthe data must be explored to discover relationships between\nvariables. The third step is to explore those relationships\nfurther by setting up a spreadsheet (or other comparable\nsoftware). The system developed in the article for illustrative\npurposes began with seasonality since the stock market, as\nmeasured by the S\u0026amp;P 500, makes most of its gains during\ncertain months, especially the NovemberJanuary period, the\nMarchApril period, and July. The worst month by average\nreturn from 1950 to 1995 is September, which is also the only\nmonth with a negative average return. Ignoring dividends, I\nillustrated this effect with the following simple systems:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133806047601,"sku":"\\V16\\C07\\053SYST.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_39772073-ba7f-4119-b177-6c60fc8fb2e2.jpg?v=1739652949"},{"product_id":"v16-c13-106qs-pdf","title":"V.16:13 (599-600): Quick Scan: Hit and Run Trading, The Short Term Traders' Bible","description":"Hit and Run Trading, The Short Term Traders' Bible (M. Gordon Publishing Group)\u003cbr\u003e\u003cbr\u003eHit and Run Trading presents 11 trading\nideas for day and short-term traders.\nFor each, you get the entry rules and\neight to 10 charts, with examples of the\ntrade. Exit rules arent specified but\nstops are, and they are extremely close.\nAuthor Jeff Coopers approach is to\nruthlessly eliminate losers, yet the promotional\nliterature and the book itself\ncite winning percentages of 60% or\nmore. Cooper states his techniques are\nthe culmination of 15 years of work. No\nbacktesting is included in the book, so\nthe results cannot be verified.\u003cbr\u003e\u003cbr\u003eTo find trading situations, Cooper\nrecommends screening a large universe\nof stocks to get 15 to 25 candidates to\nwatch each day. This requires software\nthat can screen average directional index\n(ADX), averages, price and new\nhighs\/lows, since doing this manually\nwould be extremely time-consuming. STOCKS \u0026amp; COMMODITIES","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133806080369,"sku":"\\V16\\C13\\106QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2a79145d-d003-4a07-8134-75fcd55be523.jpg?v=1739652952"},{"product_id":"v16-c14-143pr-pdf","title":"V.16:14 (679-681): Product Review: OmniTrader 3.5 by John Sweeney","description":"OmniTrader 3.5, Release 3 (Nirvana Systems Inc.). Automataed technical analysis, signal prospecting software. by John Sweeney\u003cbr\u003e\u003cbr\u003eOmniTrader is an example of\nsoftware that attempts to\nautomate just about every-thing\nin the trading process.\nEmbedded in OmniTrader\nare about 120 different trading systems,\nand all you really do is select a list of\nstocks and\/or futures you want analyzed.\nOnce youve selected a stock\nfrom your list, just double-click on the\nsymbol and the program will:\u003cbr\u003e\u003cbr\u003e1. Plot a chart with automatic support\nand resistance lines\u003cbr\u003e\u003cbr\u003e2. Backtest the entire history with those\nstandard trading systems that fit your\ninvestment style and have succeeded\nin the past\u003cbr\u003e\u003cbr\u003e3. Combine the results with a vote between\nall the systems tested\u003cbr\u003e\u003cbr\u003e4. Paste the voting results (trading signals)\non the bottom of the chart (Figure\n1).\u003cbr\u003e\u003cbr\u003eThe voting line is a compendium of signals automatically developed by\nOmniTrader 3.5. You can see all the\nsubsidiary signals by enlarging the\nsignal line area, as in Figure 2. To\nget these signals, OmniTrader 3.5\ntakes all your data on a tradable and\ntests it against 120 different systems,\nselecting those that test especially well.\nWhen you summon that tradable, it updates\nall the systems selected and then\ncombines their signals to come up with\na single recommendation. Both initial\nsignals and reinforcing signals are shown\nby various symbols.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133806145905,"sku":"\\V16\\C14\\143PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_782924c0-a295-496c-acc9-df9c275bef2d.jpg?v=1739652954"},{"product_id":"v16-c02-010meta-pdf","title":"V.16:2 (67-69): Metaphors For Trading by Ruth Barrons Roosevelt","description":"Metaphors For Trading by Ruth Barrons Roosevelt\u003cbr\u003e\u003cbr\u003eThe metaphors we use in our lives can be powerful emotional symbols, and how we view the market is reflected in those metaphors. Change those metaphors and develop a more successful attitude. Here's how.\u003cbr\u003e\u003cbr\u003eThe creation of metaphors that empower is one more tool you can use to enhance your trading. The metaphors you use regarding your trading have a direct impact on your approach to trading and consequently\non your profitability.\u003cbr\u003e\u003cbr\u003eUsually, we dont choose metaphors consciously, and yet theyre in the back of our minds guiding our interpretation of whats happening and our expectations\nof what will occur. Sometimes they support us and sometimes they dont. A metaphor is a comparison of one thing to another. Lifes a bowl of cherries, say some. Lifes the pits, say others. Lifes a bitch and then you die. Its a jungle out there. Lifes a ball! A picnic. A contest. A game.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133808898417,"sku":"\\V16\\C02\\010META.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_95aad5cc-b880-4b6b-bfdb-b005d891647c.jpg?v=1739652983"},{"product_id":"v16-c05-035over-pdf","title":"V.16:5 (219-224): A 10-Year Overview Of Market Sentiment by Joe Duarte, M.D.","description":"A 10-Year Overview Of Market Sentiment by Joe Duarte, M.D.\u003cbr\u003e\u003cbr\u003eCrowd psychology plays a role in the development of market tops and bottoms. In theory, a bottom forms when the majority of investors are extremely pessimistic, and a top occurs when the investors are uniformly bullish. Here's a review of the past performance of a collection of indicators used to measure investor sentiment.\u003cbr\u003e\u003cbr\u003eIn my January 1992 STOCKS \u0026amp; COMMODITIES article, I described a group of seven indicators which, when combined, produced an extremely accurate forecaster for higher prices in the Standard \u0026amp; Poors 500 index. Over the following six years, the indicator proved to be highly effective in predicting higher prices when gauged a year after giving a buy signal as measured by the S\u0026amp;P 500, during an extraordinary period in market history when the index climbed 708 points and 233 as of February 8, 1998. The indicator combines weekly stock market survey numbers, the S\u0026amp;P 500, a short-term moving average, and two other market sentiment measures.\u003cbr\u003e\u003cbr\u003eOn August 1, 1997, the combination of the seven indicators the Super Seven market forecaster gave its first-ever sell signal. On October 27, the US stock market as measured by the Dow Jones Industrial Average (DJIA) dropped 554 points. On December 26, 1997, and January 7, 1998, the Super Seven gave its second and third sell signals, casting a shadow over the longest bull market of the 20th century.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133808931185,"sku":"\\V16\\C05\\035OVER.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_76a45188-05dc-4ce8-9248-d431fa9125e7.jpg?v=1739652986"},{"product_id":"v16-c14-129pr-pdf","title":"V.16:14 (641-643): Product Review: ELWAVE 4.0 by John Sweeney","description":"Elwave 4.0 (Prognosis Software Development). Elliott wave analysis and projection software, end-of-day or real-time. by John Sweeney\u003cbr\u003e\u003cbr\u003eThe promise of Elliott wave\nprogramming has been\nthat the logic of R.N.\nElliotts analysis would\nbecome objective by its\nencapsulation in software. While comparable\nprograms looking at the same\ndata still disagree somewhat, at least\nwithin any single program a degree of\nconsistency has been achieved. After\nthat, the focus changes to power, ease of\nuse and efficacy.\u003cbr\u003e\u003cbr\u003eELWAVEtakes advantageofthehorsepower\nof todays computers and the\nconvenience of the Windows operating\nsystem, not to mention thorough programming by Arjan van Gog. It grabs\nhuge amounts of data, cuts it up into 10\n(up from the classic eight) levels of\nwave degree, expands or contracts your\nview of it, displays the rules of the\npattern youre examining, graphs the\nwhole thing together with conventional\nindicators, and gives out trading alerts\nas the data comes in, whether its real-time\nor intraday.\u003cbr\u003e\u003cbr\u003eAll that and its easy to use.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133810012529,"sku":"\\V16\\C14\\129PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5eb8f9dd-8067-47ab-a8bf-681b0d40b750.jpg?v=1739653009"},{"product_id":"v16-c14-115pr-pdf","title":"V.16:14 (611-612): Product Review: Enhancing Portfolio Value with Covered Call Options by John Sweeney","description":"Enhancing Portfolio Value with Covered Call Options (Investment Enhancing Systems, Inc.). Software and manual on writing covered calls. by John Sweeney\u003cbr\u003e\u003cbr\u003eMost traders realize to\nsome degree that writing\noptions against their\nportfolio stocks will give\nthem more money if the\nstock falls, remains the same or rises\njust a little. If traders wrote options\nagainst their stocks all the time, their\nportfolios should have less\nvolatility than those composed\nsolely of stocks, because\nthe extra income\ntends to stabilize returns.\nThe question is: How can\nwe implement this strategy\nconsistently?\u003cbr\u003e\u003cbr\u003eInvestment Enhancing\nSystems provides pathway with a package\ncalled Enhancing Portfolio\nValue with Covered\nCall Options (EPV)...","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133810471281,"sku":"\\V16\\C14\\115PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_10c3b3f8-1cbd-487c-bed7-da3be31509d5.jpg?v=1739653038"},{"product_id":"v16-c12-098macd-pdf","title":"V.16:12 (588-593): The MACD Profit Alert by Barbara Star, Ph.D.","description":"The moving average convergence\/divergence (MACD) is a momentum indicator, and here, it's combined with pattern recognition to help you identify exit points for your system.\u003cbr\u003e\u003cbr\u003eIt takes more than a good entry\nstrategy to trade profitably.\nMany traders have experienced\nthe exhilaration of being in a\nwinning trade. Some of those\nsame traders have also known\nthe disappointment of watch-ing\ntheir profit turn into a loss\nwhen prices change. Knowing\nwhen to take profits is part of\ngood money management. The moving average convergence\/\ndivergence (MACD) profit alert presented here is a\npattern that helps traders make profit-taking exit decisions in\nboth the stock and commodity markets.\u003cbr\u003e\u003cbr\u003eTHE VERSATILE MACD\u003cbr\u003e\u003cbr\u003eBasically, the MACD is a momentum indicator that fluctuates\nabove and below a zero line. Its developer, Gerald Appel,\npresented it as a trading method composed of two components.\nThe first is a solid line that represents the difference\nbetween two exponentially smoothed moving averages, often\nreferred to as the MACD line. The second component, the\nsignal or trigger line, is a dotted line that is an exponentially\nsmoothed moving average value of the solid line. (See\nsidebar The MACD.) The MACD trading method consists of\nbuying when the solid line crosses above its signal line and\neither exiting and\/or short selling when the solid line crosses below its signal line.\u003cbr\u003e\u003cbr\u003eThe original MACD method continues to be a favorite\namong traders, useful in ways beyond the initial technique.\nOne alternative use is as a gauge of trend when both the solid and dotted lines remain above the zero line during uptrends or below the zero line during downtrends. Another is to identify divergences between the indicator and price prior to changes in trends.\u003cbr\u003e\u003cbr\u003eI have found yet another use for the MACD, that of a profit-taking\nalert and exit function based on a pattern made by the\nrelationship between the solid and dotted lines.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133813879153,"sku":"\\V16\\C12\\098MACD.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_33df6eb0-2020-4f55-adb3-010b9d9b7abe.jpg?v=1739653110"},{"product_id":"v16-c13-110qs-pdf","title":"V.16:13 (603-604): Quick Scan: Indigo Blue Chip Investment Strategies","description":"Indigo Blue Chip Investment Strategies (MicroStar Research \u0026amp; Trading, Inc.)\u003cbr\u003e\u003cbr\u003eMicroStar has released another in their\nseries of trading models, this one designed\nto trade stocks and\/or mutual\nfunds. The program comes as the logic\nplus a library of trading models whose\ninnards, though hidden, can be historically\ntested using the built-in system\ntester. The methods are only briefly\ndiscussed in the program manual; purchasers\ncan obtain the actual trading\nlogic upon signing a nondisclosure\nagreement with MicroStar.\u003cbr\u003e\u003cbr\u003eInstallation and data service have been\nautomated. Data comes with the program\n(in the old MetaStock format) and\nthe program will examine your datafiles\nand determine for itself what to update.\nA data maintenance module also automatically\nscans the data for possible\nerrors. The program runs on daily data,\nso the update is normally done nightly. John Sweeney, Technical Editor","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133813911921,"sku":"\\V16\\C13\\110QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f40769ff-bbc5-4299-aafa-1206bbd04139.jpg?v=1739653112"},{"product_id":"v16-c08-061day-pdf","title":"V.16:8 (375-378): Daytrading Stocks by Mark Conway","description":"Many traders in the stock market are moving to short-term approaches and taking advantage of today's technology. Here's a walk through the basics.\u003cbr\u003e\u003cbr\u003eWelcome to the battlefield of electronic\ndaytrading. The confluence of technology\nand trading has created a network\nof daytraders with access to\nreal-time quotes, news and instantaneous\nexecutions. Of all markets that\ndaytraders have access to, NASDAQ\n(the North American Stock Dealers\nAutomated Quotation system) has\nemerged over the past several years as a primary trading arena.\nEach NASDAQ stock is represented by a group of market\nmakers and electronic communication networks (ECNs) that\ncompete for bids and offers. Market makers are represented\nby institutions such as Goldman Sachs, Merrill Lynch and\nMorgan Stanley. ECNs are private trading networks that are\noffered to the public through a limited number of brokers.\nThese brokers give traders access to the Small Order Execution\nSystem (SOES) Instinet, SelectNet, the Island and others.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133817942385,"sku":"\\V16\\C08\\061DAY.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_894a39d8-500d-4868-8a5b-bb027e57bde2.jpg?v=1739653268"},{"product_id":"v16-c01-006patt-pdf","title":"V.16:1 (38-41): Pattern Recognition In Time Series by Rick Martinelli","description":"Pattern Recognition In Time Series by Rick Martinelli\u003cbr\u003e\u003cbr\u003eHere's how to use a spreadsheet as a pattern recognition tool. The spreadsheet can be used to identify the cup-and-handle formation on daily closing prices over a given number of days.\u003cbr\u003e\u003cbr\u003ePattern recognition is a term that has been used to describe a variety of different, but related, phenomena. The ability of a camera and a computer to discern a particular image in a visually noisy environment is a classic example.\u003cbr\u003e\u003cbr\u003eFor traders, pattern recognition has been used to study chart formations. Our interest here is with patterns that appear in market data charts and that often precede other patterns of interest, such as a sustained upward trend in price.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133822923121,"sku":"\\V16\\C01\\006PATT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_526bfc8a-11ef-4a11-94c4-10c7df746890.jpg?v=1739653335"},{"product_id":"v16-c14-125pr-pdf","title":"V.16:14 (631-635): Product Review: Window on WallStreet Day Trader by John Sweeney","description":"Window On WallStreet Day Trader (Window on WallStreet). Software for real-time data acquisition, screening, analysis and system testing. by John Sweeney\u003cbr\u003e\u003cbr\u003eSoftware for daytraders has\nto work hard. It must accept\na huge stream of incoming\ndata; store it tick by tick;\nretrieve and graph it; monitor\nthe data for specific events; apply\nindicators and, hopefully, trading systems;\nkeep track of trades; and, if its\nreally good, allow the expression of the\ntraders ideas through some sort of formula\nlanguage.\u003cbr\u003e\u003cbr\u003eSoftware of this power is exciting to\nuse. You can go from a tick chart to any\nother level of detail weekly, 500\nticks, 10 minutes or the period of your\nchoice in a click. Drawing, zooming,\nindicators, just about any level of conventional analysis is available immediately.\nPlus theres always the alternating\njoy and agony of creating your own\nindicators and trading systems.\u003cbr\u003e\u003cbr\u003eWindow on WallStreet all versions\n has the unique facility of blending\ncompany financial information with technical\nanalysis in scanning for trading\ncandidates and signals. At this price point,\nits unique in this capability and the\nresult is highlighted in Window on\nWallStreets rational analysis technolgy\nexpert (RATE): finding good candidates\nwith fundamentals while discerning trading\nsignals with price\/volume analytics.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133823906161,"sku":"\\V16\\C14\\125PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ac43faa7-7a7a-4bd9-bc21-b0bb51b9100d.jpg?v=1739653349"},{"product_id":"v16-c14-145pr-pdf","title":"V.16:14 (684-685): Product Review: OptionTrader 98 Professional Edition by John Sweeney","description":"OptionTrader 98 Professional Edition (Austinsoft Incorporated). Options data analysis software for trading sheets and trade search. by John Sweeney\u003cbr\u003e\u003cbr\u003eWhen last we saw OpCalc\nProfessional, the precursor\nto OptionTrader 98, I\ndescribed it as an options\ncalculator with some data\nacquisition problems and a nifty trade\nsearch capability. OptionTrader 98\npretty much eliminates the data problems\nand spiffies up the output while\nretaining the trade-scanning strength.\nThe result is a very cost-efficient options\nanalysis program you could use\nfor daily trading.\u003cbr\u003e\u003cbr\u003eActually, thats how the program got\nstarted. The principals at AustinSoft\nwill probably be on the trading floor at\nthe World Trade Center if you call to\nchat about the software. OptionTrader\n98 benefits from this hands-on involvement.\u003cbr\u003e\u003cbr\u003eFor instance, daily trading sheets (Figure\n1) can be generated by OptionTrader\n98. These tell you where prices should\nbe given underlying and just about anything else. Thats because AustinSoft\nlets you set the columns and rows to\nmore than 100 different fields, from\ngreeks to implied volatility. If you\ndont want to wait for a computer to\ncome up with a number, check your\nsheet. This even works for spreads.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133824037233,"sku":"\\V16\\C14\\145PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_20fdce72-765f-484e-bff0-cc97107a3807.jpg?v=1739653353"},{"product_id":"v16-c08-060basi-pdf","title":"V.16:8 (367-374): Basic Options Techniques by Mark Vakkur, M.D.","description":"Many stock traders and investors avoid options because they seem too complex or risky. Although it is very easy to lose large amounts of money in a very short time misusing options, investors and traders of all kinds should at least consider them as one of many tools to exploit market opportunities. Here's a primer on using options, with common terms and applications of options strategies.\u003cbr\u003e\u003cbr\u003eAlthough a thorough discussion\nof options is impossible in the\nspace of a single article, it is\nimportant to introduce a few\nbasics. There are, if nothing else,\ntwo outstanding but little-used\noptions strategies for the markets\nthat should be discussed \nbuying deep-in-the-money call\noptions as a proxy for purchasing the stock and selling\noptions against that position to create a high-probability,\nhigh-return alternative to conventional covered-call writ-ing.\nThe paradox of these strategies is that despite their\nreputation as being risky, they can be less risky than buying\nthe underlying while offering all, if not more, of the potential\nreturn.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133825216881,"sku":"\\V16\\C08\\060BASI.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ea3e9277-d312-4476-ab19-4a997cd8496e.jpg?v=1739653392"},{"product_id":"v16-c10-079gold-pdf","title":"V.16:10 (482-485): Is Gold Still a Barometer by Alex Saitta","description":"Is the gold market still an indicator of other trends? Here's a look at the past relationships of gold to the dollar, the Consumer Price Index and the CRB.\u003cbr\u003e\u003cbr\u003eAnalysts often cite intermarket\nrelationships when touting a\nmarkets prospects. An analyst\nmight point out that utility\nstocks have reached a new\nhigh, and since they lead interest\nrate instruments, the fixed-income\nmarket would follow.\nOr an analyst might observe\nthat copper is down, and since\ncopper is a key price component\nfor inflation indices, lower copper prices is bullish for\nbonds. When you examine the historical data and compare\nthe impact that one market may have on another, however,\nsome such relationships do not actually exist, and further,\nmost of the relationships that do are not strong.\nBut some do, and they are worth noting.\nOne key barometer is the price of gold. After the inflation-ary\nperiod of the late 1970s and early 1980s, the price of gold\nas an intermarket or inflation indicator fell out of favor among\nWall Street analysts. If you examine the data, however, youll\nfind that gold is as valuable an indicator as it ever was.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133826101617,"sku":"\\V16\\C10\\079GOLD.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5df7a9c2-a1e4-4b7d-b4b7-390a05284d46.jpg?v=1739653428"},{"product_id":"v16-c01-005smo-pdf","title":"V.16:1 (33-37): Smoothing Techniques For More Accurate Signals by Tim Tillson","description":"Smoothing Techniques For More Accurate Signals by Tim Tillson\u003cbr\u003e\u003cbr\u003eMore sophisticated smoothing techniques can be used to determine market trend. Better trend recognition can lead to more accurate trading signals. Here's how.\u003cbr\u003e\u003cbr\u003eAfter studying his first stock chart, the novice technician is most likely to learn next about moving averages. This is a reasonable progression. First, moving averages are easy to understand. The simple moving average is just the average of a given number, which we will refer to as n, of previous closing prices, recalculated each\nday at the close. And second, technicians use moving averages because the moving average offers a smoother visual image of the market trend. In effect, the moving average removes the noise around the trend.\nThis concept of eliminating noise from the trend is similar to what engineers strive for in their application of digital filters. As R.W. Hamming observed:\u003cbr\u003e\u003cbr\u003eDigital filtering includes the process of smoothing, predicting, differentiating, integrating, separation of signals, and removal of noise from a signal. Thus many people who do such things are actually using digital filters without realizing that they are; being unacquainted with the theory, they neither understand what they have done nor the possibilities of what they might have done.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133831475569,"sku":"\\V16\\C01\\005SMO.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_57cc8a11-9b35-4236-bf18-1f4a2824a772.jpg?v=1739653568"},{"product_id":"v16-c01-004happ-pdf","title":"V.16:01 (29-32): The Happy Trader by Adrienne Laris Toghraie","description":"The Happy Trader by Adrienne Laris Toghraie\u003cbr\u003e\u003cbr\u003eWhat does happiness have to do with being a successful trader? Nothing, it seems. In fact, for most traders, successful trading and happiness may actually be in perpetual conflict.\u003cbr\u003e\u003cbr\u003eOver the years, I have worked with many successful traders. Many of them were miserable, and only a handful of them were genuinely happy. Yet nearly all of the traders I have ever interviewed said they wanted happiness as their ultimate goal in life, while very few of them had actually achieved it. Why is it so unusual to find a trader who is both successful and happy? What is it about trading that makes it so difficult to sustain happiness? Is it possible to have it all?\u003cbr\u003e\u003cbr\u003eTraders can find a way to bring together their two primary goals of being successful and being happy. This seemingly impossible achievement is made even more significant for traders by the fact that under the right conditions, happiness will not only support successful trading but promote it as well. The few happy and successful traders I have known learned how to balance their trading psychology so they could have it all. And we can learn from their experiences.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133833146737,"sku":"\\V16\\C01\\004HAPP.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_45055edd-6e5a-44eb-aeac-ec34f8d48729.jpg?v=1739653632"},{"product_id":"v16-c14-131pr-pdf","title":"V.16:14 (646-649): Product Review: BioComp Profit by Howard B. Bandy, Ph.D.","description":"BioComp Profit (BioComp Systems Inc.). Neural network-based trading system development software. by Howard B. Bandy, Ph.D.\u003cbr\u003e\u003cbr\u003eBioComp Profit is an exten-sion\nof BioComp Systems\nNeuroGenetic Optimizer\n(NGO) neural network\nmodeling product. Profit is\ndesigned specifically to construct and\ntest trading models and trade financial\nmarkets. And it is very effective. In an\nNGO review that was published in the\nAugust 1997 STOCKS \u0026amp; COMMODITIES,\nthe steps necessary to develop and use a\nmodel of a financial time series for\ninvesting or trading were discussed.\nBriefly, those steps are:\u003cbr\u003e\u003cbr\u003e1 Decide what you want to predict.\u003cbr\u003e\u003cbr\u003e2 Decide on the measurement of\ngoodness for your model.\u003cbr\u003e\u003cbr\u003e3 Assume your model will be per-fect\nand evaluate its potential profitability.\u003cbr\u003e\u003cbr\u003e4 Select the factors you want the\nmodel to use to make the prediction.\u003cbr\u003e\u003cbr\u003e5 Collect the associated data.\u003cbr\u003e\u003cbr\u003e6 Preprocess and transform the data.\u003cbr\u003e\u003cbr\u003e7 Divide the data into training set\nand validation set.\u003cbr\u003e\u003cbr\u003e8 Build the model.\u003cbr\u003e\u003cbr\u003e9 Use the model.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133834260849,"sku":"\\V16\\C14\\131PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ce7cd5e3-1b2f-456c-a60c-77c6800cd21a.jpg?v=1739653664"},{"product_id":"v16-c02-015doub-pdf","title":"V.16:2 (99-105): Double Bottoms by Thomas Bulkowski","description":"Double Bottoms by Thomas Bulkowski\u003cbr\u003e\u003cbr\u003eThe mirror image of a double top, the double bottom is a more profitable longer-term play. Find out why.\u003cbr\u003e\u003cbr\u003eAt first, I thought double bottoms were just double tops flipped upside down, but I was wrong. Its not the formation thats the puzzle; its the price trend leading to a double bottom. With double tops and many reversal\npatterns appearing near the top of a price series, the approach leading to the pattern is usually steep. Prices rise rapidly, execute a reversal pattern, then drop just as quickly. With bottom formations, you can still have that type of behavior a catastrophic decline that turns and the stock recovers. However, it is also possible that you could witness a quick decline, then a slower, torturous downtrend as prices continue to drop even further, spread out over many months.\u003cbr\u003e\u003cbr\u003eTo detect double bottoms automatically, I couldnt just flip around the computer code to detect tops. I had to change the algorithm to accommodate the possibility of a meandering decline. Once that was accomplished, the program I designed to search my database was correctly detecting double bottoms in many of the stocks I follow.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133834817905,"sku":"\\V16\\C02\\015DOUB.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c9f94a18-ed05-4319-bd0d-a7331eb6a85c.jpg?v=1739653689"},{"product_id":"v16-c11-088int-pdf","title":"V.16:11 (529-536): Be Rich or Be Right? CTCR's Courtney Smith by Thom Hartle","description":"Trader Courtney Smith has added publisher and editor of Commodity Traders Consumer Report to his long list of accomplishments. S\u0026amp;C spoke with him on why traders lose and how to change that.\u003cbr\u003e\u003cbr\u003e\nSo when did you start in the business?\u003cbr\u003e\u003cbr\u003eI started trading in the\nearly 1970s, around the time\nthat the International Monetary Market\nstarted up on the Chicago Mercantile\nExchange (CME). In fact, some of my\nearly trades involved making a market\nin currency spreads. I was one of the\nfew people looking at the carrying\ncharges in the currencies, and I made a\nmarket from off the floor. It was a bit\ntough because back then, commissions\nwere around $60 on my spread transactions.\u003cbr\u003e\u003cbr\u003eIm sure your broker didnt mind. What\ndid you do after that?\u003cbr\u003e\u003cbr\u003eI primarily traded my own account.\nAround the mid-1970s, I formed a\nmoney management company with Jack\nGrushcow. It was called Grushcow and\nSmith, and we managed futures money.\nWe did that for several years from\nVancouver, British Columbia. Then in\n1980, we split up and I moved back to\nthe United States.\u003cbr\u003e\u003cbr\u003eIs that when you went to work for\nPaine Webber?\u003cbr\u003e\u003cbr\u003eYes. I was director of futures research\nat Paine Webber. Later, I went to\nwork on Wall Street for a boutique firm. During 1987, I was the head of the\nderivatives operation at Banque Paribas,\nthe French bank. I did that for two years\nand then I was treasurer of the Swiss\nbank BSI, until it was taken over by\nSwiss Bank Corp. In 1990, I set up my\nown company, Pinnacle Capital Management,\nwhich I operated until just\nvery recently, when I joined Orbitex\nManagement, which is a mutual fund\nand hedge fund company. While I was\nrunning Pinnacle in 1993, I was also\nchief executive officer of futures broker Quantum Financial\nServices, which was\nlater taken over by\nING Bank.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133835866481,"sku":"\\V16\\C11\\088INT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_d529503d-b9d3-4ac4-b768-427230768c8c.jpg?v=1739653735"},{"product_id":"v16-c03-022crea-pdf","title":"V16:3 (142-144): Creating Prosperity by Adrienne Laris Toghraie","description":"Creating Prosperity by Adrienne Laris Toghraie\u003cbr\u003e\u003cbr\u003eCan you create prosperity by sharing resources?\u003cbr\u003e\u003cbr\u003eWhat is the key to creating prosperity? Prosperity consciousness is the answer. This state of mind comes from a sense of abundance, which comes in turn from feeling that you have something to share with others. The more generous you can be, the more you will maintain prosperity consciousness. However, you can only be generous to the extent of the resources you have. Think of all the resources a person can accumulate, such as knowledge, wisdom, energy, love, friendship, and material things. Generosity is the key to prosperity consciousness, and prosperity consciousness is the key to high performance. Maintaining a high-performance state is what enables professional traders to be constant in their performance, which results in prosperity.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133836816753,"sku":"\\V16\\C03\\022CREA.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_cc710c97-e131-46e3-a4c1-9b92b950bd83.jpg?v=1739653773"},{"product_id":"v16-c11-085patt-pdf","title":"V.16:11 (518-521): Combining Patterns with Indicators by William Q. Smith","description":"Combining a technical indicator with another technical method can be the start of a viable trading system. Here's how to combine a technical indicator with a chart pattern to form one.\u003cbr\u003e\u003cbr\u003ePattern recognition and trend-following\ncan be combined to form a\nuseful trading system. The particular\npattern being reviewed is\nthe triangle chart pattern, while\nthe trend indicator is the 20-day\nexponential moving average\n(EMA). Both techniques can be\nused as a basis for an entry rule for\ntrading opportunities. For an exit\nrule, we will rely on a trailing stop\nbased on the parabolic indicator.\nWith that in mind, lets take a look at each of the methods\nindividually and then determine how to use the techniques together.\u003cbr\u003e\u003cbr\u003e\nTRIANGLES\u003cbr\u003e\u003cbr\u003eThe symmetrical triangle consists of two converging\ntrendlines, with the upper or resistance line falling and the\nlower or support line rising. The point of intersection at the\nright where the two trendlines meet is referred to as the apex.\nThe triangle is called symmetrical when the angle of both\ntrendlines with reference to the apex is approximately equal.\nThe minimum requirement for a triangle is four reversal\npoints. It takes at least two points to draw a trendline, and in\norder to draw two converging trendlines, each line must be\ntouched at least twice by the price action.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133837046129,"sku":"\\V16\\C11\\085PATT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ddf79b3c-2853-44af-a86b-24d6b14186da.jpg?v=1739653776"},{"product_id":"v16-c11-089raff-pdf","title":"V.16:11 (537-542): Enhancing the Raff Regression Channel by Robert B. McKinnon","description":"A market follows its primary trend in a zigzag form. The trend direction is easy to see; the real challenge lies in identifying the minor trends.\u003cbr\u003e\u003cbr\u003ePrice channels are a technique\nused to discover the outer\nboundaries of the markets action\nconcerning a trend. One\nsimple method is to draw a\ntrendline along the lows and a\nparallel line along the highs\nand project both lines forward.\nA more scientific method is\nthe regression channel, which\nwas introduced by Gilbert Raff\nin the October 1991 STOCKS \u0026amp;\nCOMMODITIES. The regression channel defines the primary\ntrend by using a linear regression line with a lookback period\nselected by the user. Next, parallel channel lines are plotted\nabove and below the extreme price excursion, thus defining\nthe outer parallel channel lines. According to Raff, this\ntechnique offers a good deal of information regarding the\ntechnical picture.\u003cbr\u003e\u003cbr\u003ePREDICTIVE ACTION\u003cbr\u003e\u003cbr\u003eIn his book, Trading The Regression Channel, Gilbert Raff\nstates that if we have drawn our channel correctly,\u003cbr\u003e\u003cbr\u003e [W]ell see a remarkable process unfolding. The Regression Channel\nTop will be the precise point at which the high days in a trend hit\nresistance and turn down, and the low days will find support at the\nRegression Channel Bottom and turn up. Finally, a day will arrive when\nprice exceeds the Regression Channel Range and the trend is over.\u003cbr\u003e\u003cbr\u003eLater, he states:\u003cbr\u003e\u003cbr\u003eThe most powerful single requirement of a Regression Channel is that it exhibits predictive action. This means that it encompasses turns in the market that have already occurred and that it continues to do so in the future.\u003cbr\u003e\u003cbr\u003eClearly, Raff believes that the most important trait of the\nregression channel is that it can predict future price movement. Based on personal experience, the resistance, support\nand attraction characteristics of a properly drawn channel can\nprovide strong price movement clues that can help you decide\nwhat to do in your trading. However, it is crucial to develop\nthe ability to correctly place regression channels so they\nproperly define the market consensus and provide the neces-sary\npredictive action.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133837144433,"sku":"\\V16\\C11\\089RAFF.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7b106c15-d358-4022-99cb-c74ea6bd52f9.jpg?v=1739653779"},{"product_id":"v16-c13-105qs-pdf","title":"V.16:13 (599): Quick Scan: The Ultimate Book on Stock Market Timing, Volume 1","description":"The Ultimate Book on Stock Market Timing, Volume 1, Cycles And Patterns In The Indexes (MMA\/Seek-It Publications)\u003cbr\u003e\u003cbr\u003eThe Ultimate Book on Stock Market\nTiming, Volume 1: Cycles and Patterns\nin the Indexes is the first volume in a\nseries of five. While it is the first of this\ncollection, it is the third book written by\nRaymond Merriman. Merrimans first\nwork concerned geocosmic correlation\nto the cycles in the price of gold, while\nthe second was Merriman on Market\nCycles: The Basics.\u003cbr\u003e\u003cbr\u003eCycles and Patterns in the Indexes is\nabout the cycles in the stock market indices of the US and Japan. There is a\nthree-pronged approach to his presentation:\nFirst, there is an explanation of the\ncyclical nature of the market, including\ndescriptive terms for performing cycle\nanalysis. STOCKS \u0026amp; COMMODITIES","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133837177201,"sku":"\\V16\\C13\\105QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1ed3670c-b965-4e72-8093-56e6b78e4d6d.jpg?v=1739653781"},{"product_id":"v16-c07-050chnl-pdf","title":"V.16:7 (307-317): Channel Analysis by Thom Hartle","description":"Channel\nAnalysis by Thom Hartle\u003cbr\u003e\u003cbr\u003eA market does not move in a straight line; instead, its\nmovement travels across the chart in peaks and\nvalleys, forming a channel in the direction of the\ntrend. Early identification of the channels can give\nyou important information, including that the trend\nhas changed direction, what the profit objectives are\nand risk points.\u003cbr\u003e\u003cbr\u003eAs computers and technical\nanalysis software become\nmore and more sophisticated,\nthere is an increasing\nreliance by traders on using\nindicators for trading signals.\nThis focus on using\ntechnical indicators for developing\ntrading systems is a reasonable step, but\nalong the way, a certain craft, using simple price\ncharts to gauge what a market is doing, has been lost.\u003cbr\u003e\u003cbr\u003eBut why the movement away from chart analysis?\nOnce more, the answer centers around simplicity;\ntraders have found that, much to their delight, indicators\nare easy to program, modify and design trading\nsystems around. There is an additional appeal, because\nmost indicators can smooth the price action and\nhave specified range limits such as zero to 100. This\nfeature gives the trader the sense that noise has been\nfiltered from the markets. The apparent moment-to-moment\nrandomness in a market is due to the market\nparticipants therein acting in the marketplace for\ntheir own diverse reasons. The result? The underlying\nprice trends are clouded by the impact of these\ntraders. As a result, traders have grown dependent upon indicators that filter the price action and produce\nreliable trading signals.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133837767025,"sku":"\\V16\\C07\\050CHNL.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a6705ee1-6567-40fa-80a2-01454481bcf9.jpg?v=1739653801"},{"product_id":"v16-c14-148pr-pdf","title":"V.16:14 (690-692): Product Review: MetaStock Professional For Signal and BMI by John Sweeney","description":"MetaStock Professional, For Signal and BMI (Equis International). Real-time analytical software including five-year historical database on 30,000 stocks, mutual funds, futures, and indices. by John Sweeney\u003cbr\u003e\u003cbr\u003eOne of the most pleasant\ntasks I have is reviewing\nEquisInternationals products. They dont come out\nvery often, but what makes\nit nice is that its new releases always\nwork right out of the box. Youre never\ngoing to have to fuss with INI files,\noptions that dont work (and must be\ndouble-checked with the vendor), or\noff-the-wall features. Equis,though now\na subsidiary of info-giant Reuters, still\ntakes its own sweet time about getting\nthe software right and, when one of its\nproducts do turn out to have a bug, you\nget the actual pleasure of working with\ntheir tech support wizards.\u003cbr\u003e\u003cbr\u003eHeres an example of a quality company: In its packaging, Equis includes a\nseparate folder listing all the ways their personnel can be reached for support.\nEvery other company buries this information\nsomewhere in a thick manual or\nconfusing online aside, but Equis is\nconfident enough you wont have big\nproblems that they put it right in front of\nyou.\u003cbr\u003e\u003cbr\u003eHeres the scoop: MetaStock Pro is\nthe low-cost entry for real-time analysis.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133840093553,"sku":"\\V16\\C14\\148PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_431aa3fa-2fec-4a83-ae36-66af0a1dba98.jpg?v=1739653873"},{"product_id":"v16-c05-037barr-pdf","title":"V.16:5 (233-239): Using Barrier Stops In Exit Strategies by J. Katz, Ph.D., and D. McCormick","description":"Using Barrier Stops In Exit Strategies by J. Katz, Ph.D., and D. McCormick\u003cbr\u003e\u003cbr\u003eA simple technical method for exiting a trade is the break of a trendline on a chart. This article measures the performance of using this strategy as an exit rule.\u003cbr\u003e\u003cbr\u003eIn recent articles, we explored the topic of exits and experimented to see whether the behavior of simple exit strategies could improve the performance of a system whose trade entries were essentially random. Our first exploration was of an exit strategy that involved a profit target exit, a stop-loss exit, and a time-based exit. Then we examined the behavior of trailing stops. In all instances, we used a standardized random entry system in which a random-number generator provided us with the entries into positions from which we could exit. Thus far, we have found that a proper combination of even simple exit methods (for example, fixeddollar amount stop-losses and profit targets) can substantially improve the behavior of a trading system even turning a random, losing system into a profitable one! We also learned that employing stop-losses and profit targets of the wrong sizes, or incorrect parameters for trailing stops, can ruin a trading system, making it perform significantly worse.\u003cbr\u003e\u003cbr\u003eFinally, although there is some interaction between the entry method and the behavior of the exit strategy, we discovered that there was also much similarity across entry methods in the behavior of the exits.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133840847217,"sku":"\\V16\\C05\\037BARR.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7b1a4385-534a-42b3-94e6-d0c3e3150468.jpg?v=1739653896"},{"product_id":"v16-c12-093opt-pdf","title":"V.16:12 (563-567): Using Normal Distribution For Writing Options by Mark Vakkur, MD","description":"How can you go about selecting the best strike price for writing an option?\u003cbr\u003e\u003cbr\u003ePerhaps no branch of knowledge\nhas been as abused or misunderstood\nas statistics. Yet, without\nsome grounding in basic\nstatistical concepts, our ability\nto trade profitably is limited.\nTrading does not require a doctorate\nin mathematics, but mastering\nsome basic fundamentals\nshould help stack the odds\nin our favor. This is particularly\nhelpful in developing an options trading strategy.\u003cbr\u003e\u003cbr\u003eMany trading software packages automatically generate\nstatistics on any tradable or indicator; often included are\nmean, median, and standard deviation. Although most people\nunderstand that a standard deviation is a measure of how\nvolatile an asset is, beyond that, their understanding is fuzzy. Yet a wealth of information is buried in that number.\u003cbr\u003e\u003cbr\u003eNORMAL DISTRIBUTION\u003cbr\u003e\u003cbr\u003eTo understand the standard deviation, you must first have\nsome grasp of what the normal distribution is. Although\nentire academic careers have been devoted to arguing whether\nthe market is random, if you were to graph the percentage\nchange in the stock market over any period and then graph the\nfrequency of each percentage change by interval as a histo-gram,\nyou would get a bell curve. This bell curve conforms\nclosely to what one would predict mathematically if the\nmarket were a random process with a slight upward bias.\u003cbr\u003e\u003cbr\u003eFor example, if you were to measure the four-week percentage\nchange in the Standard \u0026amp; Poors 100 index (OEX) for\nall rolling four-week periods (close of the last trading day of\nthe week through the close of the last trading day of the next\nweek) from October 1976 through December 1995, you\nwould get a distribution with a mean of 0.7% and a standard\ndeviation of 3.9%.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133842026865,"sku":"\\V16\\C12\\093OPT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ab76e789-db95-489b-9f9f-38ebe2f9f24a.jpg?v=1739653947"},{"product_id":"v16-c07-051secu-pdf","title":"V.16:7 (318-323): Secure Fractional Money Management by L. Zamansky, Ph.D., and D. Stendahl","description":"Secure Fractional\nMoney Management\nby Leo J. Zamansky, Ph.D., and David C. Stendahl\u003cbr\u003e\u003cbr\u003eHere's how to find a new fractional value of capital to invest\nin every trade to maximize returns subject to a constraint on\ndrawdown, using a variation of the optimal f money management\nstrategy.\u003cbr\u003e\u003cbr\u003eOver the past four years, we have\ndeveloped and applied evaluation\nsoftware to trading systems\nthat use money management\ntechniques and have studied\nthe impact of these techniques\non trading systems. A\nnew money management strategy\ncalled secure f is one of the\noutcomes of that work, and\nhere, we will demonstrate how\nto find a new fractional value of capital to invest in every trade\nto maximize returns subject to a constraint on drawdown.\u003cbr\u003e\u003cbr\u003eSecure f can be a conservative strategy or an aggressive\none, depending on the level of acceptable maximum drawdown\nselected by the trader in question. It is a modification\nof the optimal f strategy that was introduced by Ralph Vince\nin his Portfolio Management Formulas. Secure f differs from\noptimal f because it takes historical drawdowns into account\nand uses information about the prices of the underlying\nsecurity.\u003cbr\u003e\u003cbr\u003eOPTIMAL F\u003cbr\u003e\u003cbr\u003eOptimal f is a money management strategy that can be used\nto improve and maximize system performance by finding the\nbest percent of capital to invest in each trade. This strategy\ndetermines which percent of equity invested in a trade would\nhave yielded the highest return based on a sequence of past\ntrades. Because traders are able to employ a variety of money\nmanagement strategies, it can be useful to know what would\nhave been the optimal amount to invest in each case.\nThe concept of percent or fractional strategy itself comes\nfrom the Kelly formula, which estimates the percentage of\nyour capital to trade when the amounts won and lost are not\nequal:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133843501425,"sku":"\\V16\\C07\\051SECU.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8f1923e2-c0a7-4fe9-bd5b-9011c41c82f5.jpg?v=1739654009"},{"product_id":"v16-c14-128pr-pdf","title":"V.16:14 (639-640): Product Review: WinMidas, ver 2.1 by John Sweeney","description":"WinMidas, Version 2.1 (Stokes Fishburne Associates). Software employing a price\/volume analytical technique for market top and bottom detection. by John Sweeney\u003cbr\u003e\u003cbr\u003eThe relationship between\nprice and volume can be\nvague. Occasionally, it\ngives startling clues (for\nexample, look at a chart\nof Microsoft with on-balance volume\nbetween February 1997 and December\n1997), but usually, the information is\nambiguous. While studying that problem\nin 1994, Paul Levine decided a\nfresh graphical approach to charting the\nrelationship would help clarify the relationship.\nHis work formed the basis of\nWinMidas software.\u003cbr\u003e\u003cbr\u003eWinMidass approach is to modify a\nstandard chart of price versus time so it\nbecomes a chart plotting price against\ncumulative volume (Figure 1). As\npointed out at the very complete Website\nfor WinMidas, This has the effect of\ngiving less visual weight to periods of\nrelative inactivity, since the lower cumulative\nvolume increase during such\nperiod compresses the daily points\ninto a smaller space. That is, if cumulative volume doesnt grow much, the\nnext price point is going to be very close\nto the previous price point. On the other\nhand, a high-volume day will move the\nnext point along smartly to the right.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133848252785,"sku":"\\V16\\C14\\128PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_57da88bc-1b8d-4ffa-b0ad-f3e7815406b0.jpg?v=1739654090"},{"product_id":"v16-c09-068path-pdf","title":"V.16:9 (420-424): The Path Less Traded by Scott Brown","description":"Good trading is as much a state of mind as it is a set of procedures.\u003cbr\u003e\u003cbr\u003eNovice traders will find it hard to\nsurvive, let alone flourish, unless\nthey learn to think and act\nin an appropriate manner. This\nmeans developing mental models\nand behavioral rules in a\ncareful and deliberate fashion\nbefore entering the market. And\nit is this careful, deliberate planning\nand reflection that makes the difference between long-term\nprofit and loss. It would be wise to develop an appreciation\nfor trading fields that are less known to the public but far\nmore profitable than the beaten path.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133849399665,"sku":"\\V16\\C09\\068PATH.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_11b5dfbf-13ff-4782-8553-1751abad6223.jpg?v=1739654132"},{"product_id":"v16-c04-031int-pdf","title":"V.16:4 (189-197): Asoka Selvarajah Of Rabobank International by Thom Hartle","description":"Asoka Selvarajah Of Rabobank International by Thom Hartle\u003cbr\u003e\u003cbr\u003eAccording to Asoka Selvarajah, markets do make sense ultimately, but not in a way that most people imagine. To understand the markets, according to Selvarajah, requires a dash of Pythagorean theory, a smidgen of Newtonian physics, and even some chaos. Selvarajah, who works for Rabobank International, one of the largest banks in the world and one of the few European banks with a triple-A rating, was interviewed by Stocks \u0026amp; Commodities Editor Thom Hartle via E-mail over a period of several weeks in January 1998, discussing systematic trading and development as well as trading overseas markets.\u003cbr\u003e\u003cbr\u003eQ: We like to start with some personal history. Whats\nyour background?\u003cbr\u003e\u003cbr\u003eA: I graduated with a bachelors degree in physics and a doctorate in nuclear physics from Birmingham University in England. A fair part of my doctoral years were spent doing research at CERN, the particle physics institution in Geneva, Switzerland. Actually, the Internet was invented at CERN, and I guess I must have been one of the first to write his entire doctoral thesis as an Internet document, back in 1986!","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133852709233,"sku":"\\V16\\C04\\031INT.PDF","price":4.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5c137d18-eb84-421d-aecf-ebdc1d3ed05b.jpg?v=1739654247"},{"product_id":"v16-c07-054int-pdf","title":"V.16:7 (336-343): Truth In Futures: John Hill by Thom Hartle","description":"Truth In Futures:\nJohn Hill\u003cbr\u003e\u003cbr\u003eJohn Hill started out in the business of trading commodities in a most\nremarkable way when he managed to run $1,000 up to $80,000 in a matter of\nthree months - and then managed to lose all but $5,000 in a single day. Some\ntraders would hang up their charts after that, but Hill was determined to\nunderstand what he'd done wrong. It took years of study, but he figured it out.\nSTOCKS \u0026amp; COMMODITIES Editor Thom Hartle interviewed Hill via telephone on\nApril 23, 1998, asking him about Futures Truth, the publication he has\nproduced since the 1970s; why novices could benefit from mechanical sys-tems;\nand what details are important to fairly evaluate the performance of a\nsystem.\u003cbr\u003e\u003cbr\u003eThe best systems are the ones with the fewest parameters.\nYou can go berserk putting in parameters. The systems that\nhave withstood the test of time have very few parameters\nand very simple methods. - John Hill","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133852774769,"sku":"\\V16\\C07\\054INT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_de488e9d-4a2c-4b60-8e00-4c21e712827e.jpg?v=1739654249"}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/collections\/volume-16-1998-18.gif?v=1739676648","url":"https:\/\/shop.traders.com\/collections\/articles-volume-16.oembed","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}