Computerized Trading: Maximizing Day Trading and Overnight Profits By Mark Jurik

Computerized Trading: A Comprehensive Guide for Day Traders

Day trading is not for the faint of heart—or for those unwilling to embrace technology as a tool for profit, especially when facing competition from institutional investors equipped with vast resources, advanced analytics, and expensive computer systems. Edited by Mark Jurik, Computerized Trading prepares aspiring day traders to compete with these market Goliaths by providing comprehensive guidance for trading in an increasingly sophisticated environment.

Jurik brings together 20 experts, including veteran traders, consultants, and investment gurus, who contribute individual chapters. This textbook-style guide begins with the fundamental trading skills needed to design strategies, then progresses into testing and evaluation methods, including an insightful chapter on trading psychology. Later chapters explore more complex concepts such as nonlinear pricing, market reflexivity, and data-mining-based market models. Each chapter includes an introduction and summary, accompanied by numerous graphs, charts, checklists, and case studies.

The guide highlights both the complexity and potential risks of day trading. At the same time, it equips traders with the well-rounded knowledge and practical tools needed to pursue consistent profitability.

Editorial Note:
Prentice Hall acknowledges the inadvertent omission of Figures 9.5 (p. 147), 9.7 (p. 153), and 9.8 (p. 155) in some copies. These figures will appear in future printings, and errata are available on the PHDirect website. Prentice Hall strives for accuracy and completeness in all publications and corrects errors promptly.