Campaign Trading: Tactics and Strategies to Exploit the Markets (Wiley Finance) - Hardcover

Sweeney, Jack

Hardcover

ISBN 10: 047114150X ISBN 13: 9780471141501

Publisher: John Wiley & Sons, 1996

Synopsis

The first and only professional guide that tackles the impermanence and built–in obsolescence of most trading systems

Most books about trading systems explain how to develop one particular system, then use it over and over and over again. Which would be fine if the markets didn′t move and investment preferences stayed static. Fortunately, Campaign Trading is designed for the real world of trading, where what counts is winning the trading war, not just the individual battles. This book carefully shows futures, options, stock, and bond traders how to create a profitable campaign that works for a specific financial instrument, under certain circumstances, for a limited period of time. Then, instead of blindly staying with the system, the user learns to redevelop and adapt it for the next set of financial circumstances. Because the program is constantly adjusted to meet market changes, obsolescence is avoided and the overall trading campaign remains fresh, flexible, and even more profitable.

• Written by a top–notch writer Who is the technical editor at the highly regarded magazine, Technical Analysis of Stocks and Commodities
• Offers sound guidelines to implement trending into any trading system

JOHN SWEENEY (Seattle, Washington), a trader himself, has been the Technical Editor of Technical Analysis of Stocks and Commodities since 1982. Previously, he was VP, Diversification, Seafirst Banking Corporation, a Northwest bank holding company.

About this title

About the Author

About the author JOHN SWEENEY is former Vice President, Diversification, Seafirst Banking Corporation, a Northwest bank holding company. A trader him–self, he was the editor of Technical Analysis of Stocks & Commodities magazine from 1982–1990 and is now the technical editor.

From the Back Cover

Advance praise for...

The only professional guide that tackles the impermanence and built–in obsolescence of trading systems

Campaign Trading

"John Sweeney will help you overcome the tyranny of one–note trading systems by explaining the secrets of maximum adverse excursion and maximum favorable excursion. Sweeney shows you when to hold′ em, and when to fold′ em, so you can trade in all types of markets. Now you can trade with the best of them." — Tushar S. Chande, Ph.D. Author, The New Technical Trader

"This book is for the serious trader who wants to gain an edge. John Sweeney′s Campaign Trading teaches you his concept of excursion analysis, a method that should be thoroughly understood by every trader who wants to win." — Thom Hartle Editor, Technical Analysis of Stocks & Commodities magazine

"Sweeney grabs the trading bull by the horns and addresses one of the most neglected aspects of technical analysis—how to best exit a trade. He demonstrates his breadth of knowledge and depth of research by describing how to optimize profits and avoid catastrophic losses in all market conditions." — John F. Ehlers Author, MESA and Trading Market Cycles

Success in the trading arena requires the ability to change strategies on a regular basis in order to accommodate moves in the market and shifts in investment preferences. And while having a solid trading system in place is important for attaining favorable and profitable results, it is equally important to have an overall approach that is flexible. After all, any given system is only effective for a certain period of time, under a specific set of circumstances. Campaign Trading gives you the tools you need to develop a strong trading style that can be adjusted, refined, and retuned, when necessary, to meet the demands of current market behavior.

Author John Sweeney, Technical Editor of the highly regarded Technical Analysis of Stocks & Commodities magazine, has written a one–of–a–kind book that focuses on the "big picture." He maps out a game plan with which you can win the trading war, not just the isolated battles. Covering essential topics such as the basics and anomalies of campaigning, reversing bad trades, reversing out of ranges, and using options to shift the odds, this invaluable reference shows you how to build a sound base for campaigning. You will learn what measurement techniques to use, how to test trading rules for effectiveness, and how to pick the types of trades you will use in future campaigns.

Campaign Trading uses case examples to illustrate how to create a profitable trading campaign that takes advantage of a specific trading instrument under a variety of circumstances. Once this campaign is established, you′ll learn how to redevelop and adapt it to a new and different set of market conditions, thereby avoiding the built–in obsolescence typically found in systems that remain static.

With Campaign Trading, you′ll be appropriately armed to battle system impermanence and obsolescence. Whether you′re a futures, options, stock, or bond trader, you′ll find this must–have reference an indispensable source of help and guidance for keeping your system effective and on target—regardless of what the market is doing.

From the Inside Flap

Campaign Trading Success in the trading arena requires the ability to change strategies on a regular basis in order to accommodate moves in the market and shifts in investment preferences. And while having a solid trading system in place is important for attaining favorable and profitable results, it is equally important to have an overall approach that is flexible. After all, any given system is only effective for a certain period of time, under a specific set of circumstances. Campaign Trading gives you the tools you need to develop a strong trading style that can be adjusted, refined, and returned, when necessary, to meet the demands of current market behavior. Author John Sweeney, Technical Editor of the highly regarded Technical Analysis of Stocks & Commodities magazine, has written a one–of–a–kind book that focuses on the "big picture." He maps out a game plan with which you can win the trading war, not just the isolated battles. Covering essential topics such as the basics and anomalies of campaigning, reversing bad trades, reversing out of ranges, and using options to shift the odds, this invaluable reference shows you how to build a sound base for campaigning. You will learn what measurement techniques to use, how to test trading rules for effectiveness, and how to pick the types of trades you will use in future campaigns. Campaign Trading uses case examples to illustrate how to create a profitable trading campaign that takes advantage of a specific trading instrument under a variety of circumstances. Once this campaign is established, you ll learn how to redevelop and adapt it to a new and different set of market conditions, thereby avoiding the built–in obsolescence typically found in systems that remain static. With Campaign Trading, you ll be appropriately armed to battle system impermanence and obsolescence. Whether you re a futures, options, stock, or bond trader, you ll find this must–have reference an indispensable source of help and guidance for keeping your system effective and on target regardless of what the market is doing.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 1996
• Language: English
• ISBN 10: 047114150X
• ISBN 13: 9780471141501
• Binding: Hardcover
• Number of pages: 246