Professional Stock Trading: System Design and Automation | 
 enlarge | Authors: Mark R. Conway, Aaron N. Behle
Publisher: Acme Trader
Category: Book
Buy New: $129.95
New (2) Used (4) from $129.95
Avg. Customer Rating:  30 reviews
Sales Rank: 437716
Media: Hardcover
Number Of Items: 1
Pages: 336
Shipping Weight (lbs): 1.5
Dimensions (in): 9.1 x 6 x 1.2
ISBN: 0971853649
Dewey Decimal Number: 332.632
EAN: 9780971853645
ASIN: 0971853649
Publication Date: July 2002
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: Software will be emailed to the buyer. There is no software support available.
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Product Description
Learn the art and science of trading systems from professional speculators. The authors share powerful long and short trading strategies in TradeStation that span all time frames, including over one hundred annotated charts with commentary and rationale. The book contains a complete implementation of a professional trading platform, including dozens of TradeStation strategies, indicators, and functions -- with 64 pages of EasyLanguage code. Further, advanced trading techniques such as pair trading and float trading are explained. These systems are integrated into a fully automated framework for position sizing and trade management. Finally, follow the authors as they track their stock selections throughout the week in real time. Professional Stock Trading is a practical blueprint for the entrepreneur who has the desire, ambition, and intensity to enter the trading business. In a scientific manner, a trader learns how to master the technical elements of the business and integrate them into a disciplined approach. The book ends with a full-scale implementation of a professional trading platform. Swing traders, day traders, and investors who aspire to a greater understanding of the stock market will welcome this book.
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| Customer Reviews: Read 25 more reviews...
 Does the automated trading work? October 16, 2007
18 out of 19 found this review helpful
Massachusetts district court has sentenced former hedge fund manager Mark R. Conway to seven years in prison and three years of supervised release for defrauding investors out of $20 million.
The court also ordered Conway to pay a $1,300 fine and $20 million in restitution. On October 23, 2006, Conway pled guilty to 13 counts of wire and mail fraud in connection with his scam. According to the SEC, the District Attorney's office has taken $15 million from Conway's bank accounts to be returned to the roughly 50 investors who put money into his bogus Groundswell Partners and Groundswell Capital investments.
The Commission based a large portion of its case against Conway on a tape-recorded phone conversation with Conway's Groundswell partner, Aaron Behle. During the October 26, 2005 conversation, Conway admitted to Behle that he had used the fund to defraud investors from roughly 2000 or 2001 to October 2005.
Conway also admitted that he had taken a sizeable position in a stock and lost a large amount of the fund's money, and that he had changed his investment strategy without notifying investors. The original investment strategy was purportedly based on quantitative and mathematical algorithms that capitalized on daily price movements in order to earn incremental positive daily returns.
In the course of the taped conversation, Conway also told Behle that he concealed the huge losses incurred by the fund by altering financial statements, profit-and-loss spreadsheets, and account statements to investors, which falsely inflated the amount of assets in investors' accounts. Conway falsely told investors that the fund's assets were at roughly $43 million, when they were closer to $14 million.
Because Conway's salary was based partly on annual 1% commission of the amount of assets under his management, which he fraudulently overstated, he also overcharged investors for his advisory services, charged the complaint.
To keep the fraud going, Conway also created a fictitious auditor, complete with a made-up email account, for the purpose of creating fraudulent auditing reports for the fund, stated the complaint.
The day after his taped conversation, Conway phoned the Commission's Boston District Office. He told a staffer that he wished to turn himself into SEC Enforcement the next day for an unspecified fraud that he had committed. But according to the regulator, Conway failed to appear at the Boston District Office.
As for Groundswell Partners and Groundswell Capital LP, the Commission obtained default judgments against both entities on June 30, 2006. The company was also ordered to pay disgorgement and prejudgment interest totaling more than $21 million. The court permanently enjoined Groundswell Partners from further violations of the federal securities laws.
Conway's sentencing is the end of just one of several actions taken by the Commission related to hedge fund fraud this year.
In May, the U.S. District Court in Boston enforced an asset freeze on hedge fund Lydia Capital and its two owners. The SEC had charged the defendants with defrauding over 60 clients who had invested approximately $34 million in the fund. In that case, the Court froze over $13 million in assets.
Earlier this year, a Georgia District Court fined an Atlanta-based hedge fund manager $20 million for his part in a fraudulent offering that bilked over 500 investors, including some professional football players, out of close to $185 million. At the time, the former hedge fund manager was already in jail on 23 counts of money laundering and 24 counts of mail and securities fraud.
 Decent book on trading systems, however... September 29, 2007
8 out of 8 found this review helpful
This is not a bad book on trading systems, however, take it with a grain of salt considering the outcome of the authors' trading company - search the SEC website for the last names of the authors, or Google the names with "SEC" included in the search...
 I have real reservations & concerns about this one... June 28, 2007
8 out of 10 found this review helpful
Despite the apparent sophistication of the many diverse trading strategies and systems introducted in this book, none of them seem to back-test well on historical data in TradeStation. By well; I mean any better than most simple moving average cross-over systems! So why bother paying $100 for the book and another $200 for the software CDROM?
I also emailed the author for help getting these sytems to work at all on FOREX. Theoretically, this should be doable by changing profit target and other stop variables. He returned my emails twice promising support but then I never heard from him again.
I'm left with the impression that these systems just don't work on either stocks or FOREX. Buyer beware.
Shop around May 8, 2007
9 out of 9 found this review helpful
I have not yet read the book but quickly discovered a couple of things of which you might want to be aware. The software is "included" in that the last 60 or 70 pages (sorry...I have already packaged it for return) are source code. The software is not provided in an electronic format. You are referred to the author's website to purchase the software "pretyped". Figuring it would be worth it to avoid the typing and typos, I went to the website to discover that the software is $199 and the book is $99. Since Amazon listed the book new for $199 and used for around $180, I was slightly annoyed and will be attempting to return the book.
Bottom Line - price shop this!
 Alright March 28, 2007
4 out of 6 found this review helpful
Lets not get too excited. Not sure how much reading and technical analysis other readers have done, while I think some of the book is useful other parts of it seem to be a waste and pretty basic. It wasnt what I was looking for and the price seems way too high. Seems for whatever reason its out of print in the stores so the author and his company are selling it for a huge mark up. Didnt get the software and the code doesnt work the way it is written in the book, either out of date or needs to be updated TS code.
Unless you really want it, I would pass on this one at the price offered.
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