stock market trading system


  • Part 2 – Alpha as Life

    • Passive Investing – Active Investing – Alpha Returns
    Index funds are passive investments; their goal is to deliver a return that matches a benchmark index. The Old Testament of indexing is Burton Malkiel’s classic A Random Walk Down Wall Street, first published in 1973 by W.W. Norton and now in its ninth edition. For typical individual [...]

  • Chapter 03 – Algorithm Wars

    • Algorithmic Trading Strategies and Automated Stock Trading
    “How about a nice game of chess?” — WOPR computer in “War Games”
    There used to be two market structures for U.S. equity traders to contend with: the NYSE (for listed stocks) and NASDAQ. Recent counts put the number at roughly 40. Many are sources of dark liquidity, which sounds [...]

  • Chapter 02 – Greatest Hits of Computation in Finance

    • Computational Finance, Stock Market Analysis, and Investment Trading
    “A computer does not substitute for judgment any more than a pencil substitutes for literacy. But writing without a pencil is no particular advantage.” – Robert McNamara
    The Journal of Portfolio Management (JPM*) is one of the more upscale investment management publications around. For $500 a year, you get [...]