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Chapter Ten
Michael Chalek:
Software Without Tears |
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Michael Chalek is a computer-modeling expert and system developer in the futures and stock markets. His trading systems have been featured in such publications as The Wall Street Journal, Forbes, Technical Analysis of Stocks and Commodities, and Futures magazine. |
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Mr. Chalek attended the University of Illinois and received a B.S. degree in electrical engineering. In July of 1979 he received a graduate M.S. in electrical engineering. Mr. Chalek has also done additional graduate studies in microprocessor theory and design, leading toward a doctorate in electrical engineering. |
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Neal: How did you get started in this business? |
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Mike: I began trading the stock market shortly after graduating from the University of Illinois in 1973. At the time, I did not know what a bear market was or that we were in one. My inexperience led to some very gut-wrenching experiences with several stocks. I knew nothing of selling short, just of buying stocks. I accumulated shares in Teleprompter, Combustion Engineering, Pizza Hut, Williams Company, and a few others, along with the advice of an inept stockbroker. Within six months I lost my entire savings of $5000. It was time to hit the books. My first encounter was Nicholas |
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