The conflict between trending and non-trending markets poses one of the greatest dilemmas for the systems trader. To trade effectively you must decide whether to trade with a trend or against it, or to wait for a better entry position altogether.
In his workshop, Perry presents what he considers the best technique for making these decisions. He combines this trending technique with a System Selection Index to determine which markets exhibit signs of a reversal and which indicate a continuing trend. Based on these concepts, Perry shows you how to improve your entry timing. He explains why profit taking improves results while stop-losses make them worse. Perry also describes some useful programs written for his own use and provides you with TradeStationTM code, easily adaptable for use with other software packages, to illustrate his concepts.
PDF Workbook
Perry J. Kaufman is a market strategist known for his knowledge and experience in computer-based trading systems applied to world futures and financial markets. His publication, The New Commodity Trading Systems and Methods (John Wiley & Sons, 1987), has become the technician’s required reference. In 1984, he published the comprehensive Handbook of Futures Markets (Wiley). An earlier book of research papers, Technical Analysis in Commodities (Wiley, 1980), has been translated into Japanese. Perry founded the Journal of Futures Markets (Columbia University and John Wiley & Sons), a vehicle for gathering academic research on market analysis. He is series editor of Wiley’s Trader’s Advantage, and his latest book, Smarter Trading, was released by McGraw-Hill in 1995. Perry specializes in the application of technical and fundamental (statistical) analysis to the development of trading and risk management programs for both commercial and private investors. Much of this work is based on price theories and techniques he has researched and developed since 1971. He combines the ability to integrate computer technology and strategic allocation with traditional investment approaches in order to achieve realistic objectives. Perry is particularly interested in closing the gap between theoretical and actual results, concentrating on the world’s stock index, foreign exchange, interest rates, and energy markets. Perry is director of research for Kaufman, Diamond, and Yeong, a consulting firm serving the financial industry in the United States and Singapore. In addition to providing risk management, education, and training, the firm publishes Kaufman on Market Analysis, a periodic report on the applications and development of trading strategies. In Singapore, the company provides market-related educational services and is developing trading strategies using new technologies (such as neural nets and artificial intelligence) under a grant from the Singapore government.
---
Saturday Seminars are just a taste of the power of INO TV. The web's only online video and audio library for trading education. So watch four videos in our free version of INO TV click here.
Harold,
Believe me, we've all been there -- loosing our shirts if not our homes.
Perhaps it's time to put into practice the stock repair strategy (just google and you will find this highly suggested strategy)...in future, please put on a collar when getting into this unpredictable market -- better less profit than extraordinary losses.
I too lost tons of money on a stock suggestion -- if I would have known then what I know now my losses would have been more manageable.
Also, do not discount covered calls -- selling and buying front and distant months as the stock rebounds and dives. I was able to limit my losses by approx. $3000.00 through use of this strategy. Although I lost several thousand dollars more I was able to, at the very least, decrease my loss by $3000.00.
Before any trade is placed I always look to the amount I am willing to lose (STOPS) and I ALWAYS look for several exit and repair strategies.
If you are willing to put up a couple of hundred dollars (UP FRONT) you may wish to look into bull call and bear put spreads. You can make profits should the stock moves in your favor and indeed make nice profits should the stock fall in the "expiration zone." But you will not lose more than the debit you commit to the trade. Should you have a keen directional lean you may wish to translate this into a ratio trade.
This is a heady market. We're all the more poorer or richer for its volality and unpredicability -- and we're its entrepreneurs -- putting up our own capital to increase our earnings for our families, retirement accounts or just for bill paying.
Let's look forward before making any trades, limit our loses and create reliable repairs and adjustments to our positions.
Good luck & G'd Bless.
Paula
Hi. As at 01/04/09 the pdf is not accessible. Any chance this could be fixed please? Marge.
Harold:
I hope you don't lose your house. PRGN and most every other similar stock has crashed. The mistakes we investors make is thinking when we bought low that the stock was at it's low low and ready to spring higher, then come to find out everything is at it's low low and the economy is dead in the water, leaving us all hanging, holding our breath. Even the big know-it-all investors are in the same predicament. You are not alone!
Just think of the 'numbnuts' who bought 10 times worth on margin, thinking they were going to make a killing. Sudden crash and Wipeout!
It's all a gamble, any way you look at investing. Win some, lose some.
If you can hold on, eventually, in a year or two , the stock will rise again. Certainly, not any time soon from where I'm viewing things. Nobody was ready for this crash, except those 'pulling the strings'. Your wife and kids are going to have to get a job to help save your house, and maybe you'll have to get a 'moonlight' job as well. Better start now.
So When will the Shpping companies that give huge dividends like PRGN start taking off to the upside....if they dont go up to 15 or so soon i will lose my house....i thaught investing was supposed to worthwhile now since the bottom in November ?