Stock Market Edges

Stock Market Edges

By Philip Reschke

  • Release Date: 2013-05-16
  • Genre: Investing
Score: 4.5
4.5
From 33 Ratings
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Description

Improve the precision, accuracy and profitability of your stock market trading strategies by leveraging some of the many market edges that successful traders exploit every day.

Read this book to learn how to:

• Improve the accuracy and profitability of your trading strategies by leveraging statistically proven market edges
• The power of using at least one "set-up" and one "entry signal" when developing trading strategies to tilt the odds in your favor
• Conduct statistical tests to analyze whether your trading ideas has an edge over the overall market
• Avoid some of the many mistakes that beginner traders do, such as not taking trading costs into account when backtesting your strategies

Foreword by Stan Bokov, Chief Operating Officer at MultiCharts.

Every market edge presented in Stock Market Edges is based on comprehensive statistical analyses and has been tested across seven different markets (S&P 500 ETF, NASDAQ 100 ETF, FTSE 100 Index, German Stock Index (DAX), Hang Seng Index, Nikkei 225, and the S&P 500 Index) over a period of more than 14 years.

The tests range from simple moving averages to various chart patterns and indices, namely:

• Short-term highs and short-term lows
• The Relative Strength Index
• Consecutive up days and consecutive down days
• Extreme up days and extreme down days
• Daily up gaps and daily down gaps
• Average Directional Index
• The Volatility Index
• Key reversal bars
• 50- and 200-day moving averages
• Advancing and declining issues

The final chapter lays out a very consistent and profitable sample trading strategy, built entirely on set-ups outlined in the book to prove that the edges actually provide the trader with an advantage.

Contrary to most other trading books, expected slippage and commissions have been deducted from the test results for the S&P 500 ETF and the NASDAQ 100 ETF.

All market edges and trading strategies presented in Stock Market Edges can easily be implemented and executed in trading platforms such as MultiCharts, TradeStation, NinjaTrader and MetaTrader.

Reviews

  • I would like to have seen additional markets :)

    4
    By KenXie777
    Except for my wish to see the 10 tests conducted on additional markets such as Commodities, Futures, etc. I very much like the approach and the findings. I will try to incorporate some of them over the weekend.
  • I love the book!

    5
    By Coleman70
    I am new to stock market trading and have learned a lot by reading this book. I highly recommend it to anyone who's new to trading the stock market.
  • I learned a lot from this book!

    4
    By FinanceMen
    I have just been trading for a couple of months and am still trying to find my way. This is the second book I have read about stock market trading. For someone that is new to the field I highly recommend the book. The author clearly lays out the importance of only trading when you have a statistical edge. The edges presented are eye-opening.
  • This book is for traders who a serious about making money

    5
    By CATrader_90017
    I am a Kindle only reader but after my friend told me about this book I choose to sign up for iBooks. What a great decision! Stock Market Edges offers invaluable insight into the true workings of the stock market. I am a very active trader and have for long time been looking for applicable and valuable insight to improve my already profitable trading strategies. Having read this book there's no doubt that I can improve them further. My trading style fits perfectly with the mean reversal approaches presented in Stock Market Edges. I cannot wait to spend the weekend applying what I've just learned to my existing portfolio all strategies. The book is well-written, easy-to-understand and presented as a beautiful Multi-Touch book. The author has done a great job here. For any trader who is serious about making money in the stock market I highly recommend that you buy this book. I already know that my friend has improved his trading strategies and I very much hope that I will be able to do that myself as well.
  • A great tool!

    5
    By Integri
    This book is full of clearly laid out, well-written ideas that will help everyone from the most rookie trader to the experienced investor. The author does a great job of explaining different methods to exploit, and goes into great detail about how to help develop your own approach to trading. If you're a short-term trader, you need this book in your arsenal now. It's literally the best tool I've come across in the trading world.
  • Great book!

    5
    By FemTrade
    Really interesting book that leaves you with many different edges to exploit. I'm new to trading and look forward to building my own strategies based on what I have learnt.
  • Very useful book - "out of the box" thinking!

    5
    By Jesper Dystrup Thomsen
    I find the information and market edges presented in this book extremely useful. I thought I was set in terms of my trading approach, but I can see how the approaches presented in this book will help improve my existing strategies. I love that the tests are performed across several international markets. Great stuff!
  • A wealth of information for short-term traders

    5
    By NYCTraders
    This may be the most exhaustive in-depth analysis and identification of short-term edges available for traders. Stock Market Edges contains so much relevant information and it's eye-opening in terms of how the markets behave across multiple international markets. This book should be read over and over again if you want to develop and trade strategies that are based on statistical proven edges that have existed for many years. Highly recommended!
  • For any serious quantitative trader

    5
    By sdklas
    I am a short-term trader and trading systems developer. During my trading career I have found that the highest rate of return for any stock market trading strategy, while reducing risk and minimizing drawdown, is achieved when trading frequently and holding the position for short periods of time. Stock Market Edges tests a range of different indicators for mean reversal edges which can be successfully exploited in short-term trading. I rely on similar edges with great success in my own trading. If you are looking for well-defined, clearly documented ideas to improve your short-term trading systems, this book should be on your digital shelve. Stock Market Edges will probably prove to be the best one.
  • This is a great book for any serious stock trader

    5
    By lsky1
    I have for a long time been searching for a book that goes beyond theoretical explanations of how to trade the markets. This book takes a completely different approach by performing various test to identify specific market edges that can be incorporated into existing trading strategies or serve as the foundation for new ones. The tests are performed across various international stock markets and the findings are astonishing. I particular like the edges identified on consecutive up and consecutive down days, ADX, RSI, highs and lows and the sample strategy in the summary chapter. It is interesting how well it performs. I have done some initial incorporation of some of the edges into one of my existing trading strategies and I do see improvements in the average trade and the profitability percentage. I highly recommend that you give this book a chance.

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