DIY (Do It Yourself) Portfolio Management by Lyle Wilkinson was written with the premise that with a little independent work, you can beat the returns of indexes and mutual fund managers. This book certainly shows you how.
We found the book to be a comprehensive summary of the steps required for building successful trading systems. The book is well written, clearly explains common trading terminology, and displays the information in a clean and simply layout. In the book Wilkinson creates a Trend Regression Portfolio Strategy and then proceeds to explain market timing, regression, back-testing, stock-picking, entries and exits, paper trading, optimization, risk, cycles, a real action plan and more, including fine tuning the model. He describes some of his favorite indicators from the NeuroShell Trader and backtests his systems in the Trader. Even if you want to build trading systems different from those in the book, this is an excellent cookbook for evaluating any trading system. It is also beautifully printed.
For more information, refer to
Wilkinson, Lyle, “DIY Portfolio Management”, Selact Publishing, Post Office Box 3182, Wailuku, HI 96793-3182, http://www.diyportfoliomanagement.com.