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Informationen zum Autor Grant Henning holds a PhD in educational psychology from UCLA, where he specialized in measurement statistics and applied linguistics. He has subsequently served as professor at UCLA, Pennsylvania State University, and several universities in Egypt, Iran, and China. For a number of years, Henning was engaged as senior research scientist at Educational Testing Service, where he conducted evaluative research on university entrance examinations. Henning has authored more than fifty articles, books, and commissioned reports, and has traveled to more than fifty countries over a thirty-year period. In June of 2000, he retired from university service to trade full-time. Klappentext A winning approach to stock trading based on proprietary statistical research in ExcelIn The Value and Momentum Trader, Grant Henning presents a comprehensive approach to stock trading, which centers around Excel-based research methods he has developed. In this book, Henning presents the trading tools he has used to become a successful trader, and discusses some of the greatest challenges facing active market participants. This reliable resource presents both winning trading systems and all the skills necessary to perform as a trader as market conditions change. It also demonstrates how you can turn the successes and failures of any trading system into an interactive feedback loop to discover one's true trading skills.* Provides a solid understanding of the author's statistical trading system* Explores how to execute optimal trades under different market conditions* Outlines a very affordable Excel-based stock analysis method that is easy to implement* Dr. Henning has proven to be a trusted author with other academic publications in the areas of measurement and statistics.The Value and Momentum Trader is an essential guide to trading today's dynamic markets. Zusammenfassung * Unlike most trading books, Henning is careful not to overstate or promise. * Rather, he presents the trading tools that he has used to be successful as a trader, as well as the pitfalls that can be the greatest challenge for active market participants. Inhaltsverzeichnis List of Tables and Figures xv Foreword xvii Preface xix Acknowledgments xxi CHAPTER 1 A Philosophy of Trading 1 Analogies 1 Pragmatism 3 Goal-Oriented Behavior 5 Timing 6 Stocks versus Commodities, Options, Mutual Funds, and Bonds 7 Short Trading 9 Use of Margin 10 Trading and Gambling 11 Bold Passion 12 Summary 13 CHAPTER 2 Tools of the Trade 15 Online Access 15 A Reliable Brokerage Account 16 Information 17 Formal Study 18 Analysis Software 20 Protected Workspace 21 Mathematical Trading Systems 21 Market Timing Indicators 22 Summary 22 CHAPTER 3 Constructing Mathematical Models for Stock Selection 25 Technical Approaches to Stock Selection 25 Fundamental Approaches to Stock Selection 26 Hybrid Approaches to Stock Selection 27 The Nature of the Stock Selection Challenge 27 Common Mistakes in System Design for Decision Making 28 Early Beginning Approaches 30 Advantages and Disadvantages of Mathematization 32 Summary 33 CHAPTER 4 Stock Selection: A Technical-Momentum System 35 Qualifying Variables 35 Sample Recommendation Summary Table 39 Questions and Answers 40 Summary 44 CHAPTER 5 Stock Selection: A Fundamental-Value System 45 Qualifying Variables 45 Fundamental Variables 47 Questions and Answers 55 Summary 57 CHAPTER 6 Stock Selection: A Technical-Fundamental Hybrid Approach 59 Qualifying Variables 59 Point-and-Figure Analysis 64 Technical Ratings 64 Other Techni...
