Book Description
One of the most widely read books among active option traders around the world, Option Volatility & Pricing has been completely updated to reflect the most current developments and trends in option products and trading strategies.
Featuring:
- Pricing models
- Volatility considerations
- Basic and advanced trading strategies
- Risk management techniques
- And more!
Written in a clear, easy-to-understand fashion, Option Volatility & Pricing points out the key concepts essential to successful trading. Drawing on his experience as a professional trader, author Sheldon Natenberg examines both the theory and reality of option trading. He presents the foundations of option theory explaining how this theory can be used to identify and exploit trading opportunities. Option Volatility & Pricing teaches you to use a wide variety of trading strategies and shows you how to select the strategy that best fits your view of market conditions and individual risk tolerance.
New sections include:
- Expanded coverage of stock option
- Strategies for stock index futures and options
- A broader, more in-depth discussion volatility
- Analysis of volatility skews
- Intermarket spreading with options
Customer Reviews:
Amazing book!!.......2007-09-19
I heard that it's sort of understood that this book is the best well-wriiten and well-descriptive book. It would be a good choice for anyone who is interested in the Future and Option's market.
A must read.......2007-07-07
If you are interested in Options you cannot miss this one. Once you've read that book, everything else you could read about options will look simple and too obvious. You'll also keep that book close to you and review some of its chapters on a regular basis.
Traders book........2007-05-14
I have many option and derivative books. This book concentrates on trading and not the calculus behind the models. I found it an easier book to follow.
Deep journey on options investement strategies.......2007-05-07
Excellent reference book for all serious traders who intend to invest in a deep conscious ways with options.
Dry, but required reading!.......2007-04-09
If you want to learn about volatility, this is the book for you. This is more advanced than a basic volatility book, so beginners and advanced students of volatility will benefit.
Also, if you are actively trading options, this book is often quoted, so you may want to get it just so that you could follow what people are saying.
Book Description
Published in 1996 and written by Larry Connors and "New Market Wizard" Linda Raschke. This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies.
Among the methods you will be taught are:
* Swing Trading - The backbone of Linda's success. Not only will you learn exactly how to swing trade, you will also learn specific advanced techniques never before made public!
* News - Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders.
* Pattern Recognition - You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves.
* ADX - In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator.
* Volatility - You will learn how to identify markets that are about to explode and how to trade these exciting situations.
* Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!
Customer Reviews:
Street Smarts.......2007-01-26
I never received the book. Apparently the seller used the slowest form of shipping there is. No one knows where the books is. He shipped on 12/27/06. I have since had the sellers refunded and took that business elsewhere and received it in 3 days time.
if you don't like this, you don't understand trading.......2006-12-05
you can always spot s loser by one of (or both) of two reactions:
1- They want to get into a business to make money but think $200 is too much!!
2- They expect what they read to agree with their bias
Anyone who wants to make money but thinks a book is expensive at $170 has the wrong personality for trading. If you are like that, you have no business trading because you are too greedy and a coward.
Secondely, when you are making a comment about someone, it is really important to REALLY be sure that what you are saying is acccurate. The implication that Linda does not make money trading is just ridiculous. The woman is a bloody Market Wizard, for God's sake! She is also a pretty crap promoter of her services.
The book is excellent. The question is: does it contain methods that can make you money? Of course it does. You guys are clearly sleep walking because you are concentrating on believing that every method in the book will make you money all the time under any circumstances. Quit believing that and pick the ones that work under different market conditions.If you can't, it is your fault, not the book's.
If you watch Linda trading, you will see her using those setups under the right conditions. The fact is, if you cannot make money trading the setups in the book, you are either new and have to learn the basics first, or you are not cut out for this business.
This book is over priced and an absolute waste of precious time! .......2006-09-22
If you are new to the trading game, try to avoid getting sucked into the fantasy world of imaginary trading setups.
Turtle Soup, Momentum Pinball, 3 Little Indians? Are you kidding me! Talk about sell the sizzle, not the steak.
Understand the markets first, I would recommend reading books published by the CFA Institute, then read about accomplished traders, you know the guys who actually make money trading as a profession (Dennis, Tudor Jones, Borsellino, etc), then develop your own approach to the markets.
If you're interested in Technical Analysis, you can join the MTA (Market Technicians Association),its well worth the time and money.
Save your money folks! There are plenty of quality classic trading books out there for 90% less, and without all the mindless drivel.
Buyer Beware!!!!!!
Expensive???.......2006-08-23
I bought this book on a recommendation from another trader. I paid a lot less than the $175 they are asking now, but I still thought it was very expensive. I read through half of the book and thought it was interesting. On one of those days I had the book open on my desk and realized that one of the patterns from the book was forming! I waited till the right moment and took the trade on 2 year treasuries. Exited the trade about a minute later with a $225 profit. That paid for the book on a single trade.
I realize I could have also lost $225 on that trade, then the cost of the book would have been around $350. I was now happy with the purchase of the book. I looked for more trades, but did not find any that week. Then the book got pushed aside and forgotten about. I found the book again last week because I heard someone mentioning it. I pulled it out and reread it.
I think the book has something to offer. Is it too expensive? That is hard to say. For me it became free after one trade. Was I just lucky? I don't think so because I can scroll through charts and see a lot of the set-ups in hindsight. So the trades are there, its just a matter of being there to pull the trigger as they happen.
I hope to get more out of the book from this second reading. One thing I have noticed is that many times I read a book and get something. Then upon rereading it I pick up many thoughts that I did not see or understand during the first reading. Maybe I wasn't ready at the time, but having many dozens of books under my belt and lots more life experience in between the first and second readings, I was able to digest more.
Who gave woman a free pass?.......2006-08-07
I am aficionado of good books on technical analysis and this is certainly not a good one! Many of the techniques described in this book were invented by me as well many years before this book was published. Subseqeuntly, I discarded them into my recyclcle bin as worthless. I am not even a full time investor, devoting a good share of my time to real estate. I am just surprised that people are gullible enough to accept this tripe. This expensive book, expensive seminars, expensive internet service. What is this huckster going to come up with next. Perhaps she has gotten away with this sham because she is a female in a predominanatly male business. I too am involved in the national technicans group and I am embarrassed to be associated with such ilk. I have much to contribute to this industry and look forward to doing so in the future. In the meantime, I can only hope these market charlatans mend their ways.
Book Description
Get the bestselling guide to trading systems, now updated for the 21st century.
For more than two decades, futures traders have turned to the classic
Trading Systems and Methods for complete information about the latest, most successful indicators, programs, algorithms, and systems. Perry Kaufman, a leading futures expert highly respected for his years of experience in research and trading, has thoroughly updated this bestselling guide, adding more systems, more methods, and extensive risk analysis to keep this the most comprehensive and instructional book on trading systems today. His detailed, hands-on manual offers a complete analysis, using a systematic approach with in-depth explanations of each technique. This edition also includes a CD-ROM that contains the TradeStation EasyLanguage program, Excel spreadsheets, and Fortran programs that appear in the book.
Customer Reviews:
Excellent material in 4th edition.......2007-05-12
Similar to many traders who own Perry Kaufman's 3rd edition of New Trading Systems and Methods, I ignored the publication of the 4th edition. Well, such oversight was my loss. Even a quick perusal of the work reveals a wealth of new ideas, techniques, and concepts. Kaufman offers ample inspiration for exploring trading problems in a new light.
Kaufman's encyclopedic coverage is unique. The 3rd edition contains 700 plus dense, fast paced material. The current edition adds another 500 pages of new and revised material. Each topic is examined with care; Kaufman has an ability to focus on the key concepts and omit the fluff. His presentation assumes a sophisticated, intelligent reader with solid software development, testing, and trading skills. Sloppy readers, clumsy testers, undisciplined `traders' will complain that this is not a `trading war stories book'--such complaints are correct; this is a trading SYSTEMS and METHODS handbook.
The book binding has a problem. At 1,200 pages, the adhesive binding is falling apart. This book requires either sewn through or over-sewn type binding. Shame on John Wiley for such embarrassing production quality!
Might interest a mathematician.......2007-04-28
I've only gotten about a third to halfway thru the book as I can't see what the author's purpose is, whether laboring thru the rest would benefit me or not. It reads like a college level textbook of the mathematics behind technical analysis. Boring. In what I read, the author worked thru proof formulas to get to more elaborate indicators. In so doing, sometimes he explained what his formula's symbols meant and sometimes not. I sure don't want to go back thru the book to see if I can find an earlier description of what the symbols mean should I ever want to use one of the new formulas. Then he compared some of the new trend followers like standard deviation against olders ones like moving average and point and figure and behold none are really better than the others. When I get stranded on a tropical isle and am bored to tears, I will page thru the rest of it.
The only book I can depend on for clear system trading information........2007-01-27
After buying a large number of highly recommended trading books (including the books referred to in these reviews), this is the only book that I can depend on to clearly explain in technical detail almost any aspect of system trading that I need information on. This book is well written, comprehensive, and approaches subjects in an objective manner. It doesn't tell you how to trade, but clearly describes the different system trading strategies and indicators, their advantages and disadvantages, and practical considerations. This is a must for those developing rule based and automated trading systems.
What more could you ask for in a book???.......2006-10-02
Trading is serious business, although you wouldn't think so, considering the way many people approach it.
The fundamental truth about all types of markets is that the minority gets the money, and keeps it. Of course, there will be times where the market trends strongly in one direction (usually up), and the masses confuse a bull market for brains. But those who are serious about earning profits, and keeping them, need to develop a method or philosophy to separate their thoughts and actions to act independently from the crowd.
If there were college level courses in financial speculation, Kauffman's book would be the required text. All sorts of twists on trend following, counter trend strategies, technical indicators, statistical methods, as well as various charting techniques, are all described. I should also add, the book comes with a CD that enables you to test various methods described in the book using Excel spreadsheets. The spreadsheets are already set up, you just need to input the data.
Some reviewers say that all of the methods are "bad." I'd disagree. This book is a valuable reference, and when you understand the logic of what has come before, you can adapt it to current market conditions. There are a surprisingly large, but finite, number of ways to slice and dice market data. But there are an infinite number of ways to combine a few them into a robust trading system.
Solid technical analysis book.......2006-08-02
This book is worth the money. The author presents solid explanations on the use of technical indicators and statistical calculations of the market. He guides you step by step in order to understand the specific applications and use of technical analysis and use of mathematical calculations applied to the financial markets. The depth of research and examples is very broad and extensive, plus the examples of the actual programming code in order to create your own trading systems is very helpful. Recommended by MTA to complete the CMT course.
Average customer rating:
- Amazing Psycology
- Like the name says
- a mindset for stock trading
- Only for the Serious Traders
- The Disciplined Trader: Developing Winning Attitudes
|
The Disciplined Trader: Developing Winning Attitudes
Mark Douglas
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Customer Reviews:
Amazing Psycology.......2007-09-28
If you are looking for a answer to your trading psycological problems, this is it!!! This books takes you into a journey of understanding your self and your physical functions as a primary element of trading success. I have understood where my fear comes from and of course, I have understood that everything is an illusion and that the market cannot do anything to me.
You outhere, readt it!!!! You will open yourself to a new state of mind.
Like the name says.......2007-07-22
This book is all about discipline in trading. Great reference book, and I think it should be taught in courses as well. After I read this book, I reviewed all the losses I made in the stock markets over the last 14 years of trading, and found out that most of them simply was due to the lack of discipline !
The book is written in a great language, where I believe the writer fought hard to choose every single word.
A must have for everyone who trades, intend to trade, or even experienced trader.
a mindset for stock trading.......2007-03-31
the author takes you from his time as a novice stock broker, personal banckruptcy and all, to his eventual success. And it comes down to psychological mindset. The market is a whole different animal from anything you have ever experienced. Indeed, it is your past experiences and successes that may cause you to fail in the market. So, before you ever trade, this book is a must.
Only for the Serious Traders.......2007-01-25
Fantastic book that deals with how we think when it comes to trading. It will challenge you, it will make you think, it will entertain you and it will give you direction. Do yourself a favour and order a copy. If you are prepared to look deeply into how you think while you trade then this is a must have book.
The Disciplined Trader: Developing Winning Attitudes.......2007-01-11
Absolutely one of the finest books of its kind, I keep it beside me like a bible.
Book Description
This great "how to" book covers the various mechanics of natural gas trading, including the physical (cash) market for natural gas production, transportation, distribution, and consumption. The heart of the text is the definition and demonstration of financial trading tools and techniques. It closes with discussion of more complex structures of trading and the author's philosophy on how a risk management department should function within a natural gas trading company.
Customer Reviews:
Principles.......2007-05-29
The principles of gas trading laid out clearly and concisely. Perfect for my needs.
A Great Book to Learn Natural Gas Trading.......2006-08-04
Even if you do not have a solid understanding of derivatives, this book is really good explaining step by step how the different derivatives are used for hedging natural gas; regardless if you are the producer, trader, or end user. The author gives many examples of how each derivative works. I highly recommend this book if you are starting out as a junior trader, risk products trader, supply planner, etc.
educational sources for practical trading purposes.......2005-07-16
I have not seen any book that describes its domain with such generous detail and is geared for real life trading. The contents may not be enough for those who trade only financial energy instruments, but it is indeed a good course material for the market makers, and hedgers, namely end users and producers. I highly recommend this book to those who are involved in natural gas industry.
Excellent Resource for Natural Gas Traders.......1998-12-05
Was very pleased with the material contained in this book. Although I am a beginner in the natural gas trading field, I found Sturm's book both easy to understand yet challenging in its scope. A great deal of emphasis is placed upon various hedging techniques and many helpful diagrams are included to portray the trading flow. Overall a very unique and insightful book for beginners and for those with years of experience in trading natural gas.
Download Description
Commodities are hot! Learn how to profit now from this exceptional alternative to stock investing. 300,000 new investors start trading futures for the first time every year. Expert insight from a successful trader with over 25 years of real-world experience. Presentation is paced to provide a sound introduction all the way to sophisticated techniques in futures and commodities trading
Customer Reviews:
a balanced introduction.......2007-07-30
If trading is about markets, psychology, technique, then this book is an excellent introduction to these areas. Beeing balanced and only 250 pages, the book does not cover the areas in much depth. This might be a positive or a negative according to what one wants. 5 stars because the book is easy to read and gives an excellent big picture view on trading.
Great Book with a lot pf tips .......2007-05-07
this book is ideal for beginners and pro's that need some directions on how to make things the right way, i must say i enjoyed the small stories in between , overall whoever is looking to begin trading futures it is a must
Excellent Place to Start Your Commodites Trading Education.......2007-05-05
George Kleinman does a fantastic job of explaining the Commodities and Futures markets. Further, he does a great job helping a new trader get some 'legs' to stand on. He provides valuable insight into developing a trading methodology, and helps the beginning trader 'find his way' in the plethora of trading solutions out there. He demystifies how trading is done, and provides solid "Western" and "Conventional" trading practices so that the beginning trader has an excellent foundation to expand their knowledge. I would say that George's suggestions and lessons in the book are the basis for my knowledge (book smarts at this point) and provided the grounding necessary for expanding my knowledge base into Fibonnaci, WD Gann, Candlesticks, and so much more. Basically, it is my opinion that every beginning trader (not stocks but Commodities and Futures) should read this book. He does an excellent job explaining how trades, stops, support, resistance, MACD, Stochastics, Trend Lines, many other various methodologies can aid a trader into making good trades. I highly recommend this book.
Reference book.......2006-07-29
This is a book esp. for begineers. You can find every detail about futures & options. The stories and examples makes the book even much valuable.
Chapter 12 (Traders Psychology), Chapter 13 (Trading Secrets) and Chapter 14 (Jesse's Secret) are good to read even for experienced traders.
The worst part of the book is technical tool TMVTT.
It's a book that you can use as reference anytime. Good to have one.
WRITTEN BY A SUCCESSFUL TRADER.......2006-03-11
If you are interested to start learning about trading Futures, this book is a good reading. Basic to medium level information, well presented.
Amazon.com
According to Jim Rogers, "commodities get no respect." Here are a few reasons why he thinks they should: they are easier to comprehend and study than stocks and behave more rationally since they are subject to the basic laws of supply and demand; they have outperformed many other investment options in recent years; it is foolish to ignore an entire sector of the marketplace; and a bull market is currently under way in commodities--a trend that Rogers expects to last for a least a decade longer. Further, Rogers believes that you cannot be a successful investor in stocks, bonds, or currencies without an understanding of commodities. Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market is designed to introduce the novice to the basics of investing in commodities as well as explain what they are and why they are important. In doing so, he shatters some myths about the relative risks of commodities, explains the relationship between the stock and commodities markets, and provides a succinct analysis and history of the global oil, gold, lead, sugar, and coffee markets.
Rogers also offers practical advice and information for beginners, including the best resources, how to read the commodities reports in the newspaper or on television, the various ways to open an account, information on index funds (such as Rogers' own index fund that he started in 1998), mechanisms, terminology, and other vital details people must know before investing. Clearly written and entertaining, Hot Commodities offers a solid introduction to investments that many people, including financial advisors, fail to give the proper respect. --Shawn Carkonen
Book Description
The next bull market is here. It’s not in stocks. It’s not in bonds. It’s in commodities –and some smart investors will be riding that bull to record returns in the next decade.
Before Jim Rogers hit the road to write his bestselling books Investment Biker and Adventure Capitalist, he was one of the world’s most successful investors. He cofounded the Quantum Fund and made so much money that he never needed to work again. Yet despite his success, Rogers has never written a book of practical investment advice–until now.
In Hot Commodities, Rogers offers the lowdown on the most lucrative markets for today and tomorrow. In 1998, gliding under the radar, a bull market in commodities began. Rogers thinks it’s going to continue for at least fifteen years–and he’s put his money where his mouth is: In 1998, he started his own commodities index fund. It’s up 165% since then, with more than $200 million invested, and it’s the single-best performing index fund in the world in any asset class. Less risky than stocks and less sluggish than bonds,, commodities are where the money is–and will be in the years ahead. Rogers’s strategies are simple and straightforward. You can start small–a few thousand dollars will suffice. It’s all about putting your money into stuff you understand, the basic materials of everyday life, like coal, sugar, cotton, corn, or crude oil. Once you recognize the cyclical and historical trading patterns outlined here, you’ll be on your way.
In language that is both colorful and accessible, but Rogers explains why the world of commodity investing can be one of the simplest of all–and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities.
For small investors and high rollers alike, Hot Commodities is as good as gold . . . or lead, or aluminum, which are some of the commodities Rogers says could be as rewarding for investors.
From the Hardcover edition.
Customer Reviews:
Good info.......2007-08-14
The book is well written,Jim is very knowledgeable and gives ways in which anyone can invest in commodities. He explains a complicated subject in laymans terms. He also describes the world today and how politics and logistics come into play, a fascinating book.
Good overall intro but don't expect to make a trade after reading it.......2007-07-27
Before reading this book, I barely knew how to spell commodities, much less trade them. This book gives a good high-level introduction to what the commodities market is all about and attempts to get you jazzed about the market for the coming decade. After reading the book, you'll be able to understand the commodity trading lingo and know how to read prices, but will not have enough information (nor the confidence) to make your first trade. It lacks thorough details concerning trading in general, fundamental analysis of futures, and direction on creating a trading plan. I'm currently reading Trading Commodities & Financial Futures by George Kleinman which goes into much better detail of these subjects. I certainly got a better handle on trading by reading Hot Commodities, but it's a bit novice, even for a novice.
Rating Jim Rogers.......2007-07-03
As a result of Jim Rogers, I've actually changed a substantial part of my portfolio. However, this is an endorsement of Jim Rogers, and not the book, "Hot Commodities." I knew no more after reading the book than I did after hearing and seeing him on TV. The message could have been summed up in about ten pages, not 255.
cheap introduction to fundamental analysis.......2007-06-15
The author gives some of his logic why he believes the commodities market is entering a bull market for maybe the next decade, then he follows this with some alternatives to the commodities market followed by the usual introduction about how the commodities markets function. Next he turns to showing how to think about the markets as a fundamentalist--he claims he is the world's worst trader. He talks about the impact of China on the markets, as contrasted with the impact of India and other Central Asian emerging economies (including Russia). Then he illustrates the fundamentalist logic for supply, demand and world politics and their influence on the prices for oil, gold (and lead), sugar and coffee. Along the way he mixes in some of his market experience and insights.
I find the value of the book primarily in his illustration of the kind to thinking and resources needed to perform fundamental analysis of the commodities market. And this is one of the cheapest books to cover the basics.
Commodities.......2007-05-16
Simply coherent, myth depleting writing on what is mistakenly viewed by many as an obscure subject; the coin of which Las Vegas is not made...
Customer Reviews:
Impressionable, but..........2007-08-25
If you are looking for clear cut set of rules/strategy that you, the individual investor, can follow to make money, then look elsewhere. The trend followers solely follow the movement of the price in exclusion to everything else. They identify a trend - uptrend or downtrend - and play upon it. As noted in the book, they react to and not predict the prices.
The methods, far and few, explained in the book are definitely not suitable for me - the retail investor. First of all, I don't have access to a trading system that can follow the rules outlined. Second, I am not a trader in the strict sense myself, where trades are triggered by a system without me realizing what is happening. To perfect such a system would take me ages given that investing isn't my main bread winner. This book will pass off as a great text book in the annals of the Ivy League schools, but when it comes to making money for you, the individual investor again, I think you are better off reading the likes of Jesse Livermore, Nicolas Darwas and William O' Neal. Read the Lessons from the Greatest Stock Traders of All Time' by John Boik or any of William O'Neals books. They define clear cut rules that we can all follow and make money. How else would I have made about 80K in the past three years compared to the first 8 years of my investing where I barely made any.
There are a lot of anecdotes in the book - literally, every page has 2-3 of these. All of these may impress, but in the end they are nice to feel scholarly about. If you are a beginning investor, the first chapter -Trend following, all of 22 pages - lays the foundation by explaining the different schools of thought regarding investing. Then there is 55 pages outlining the great trend followers are their performance but never in clear and precise terms or rules what their methods are. It almost feels sycophantic reading about other 'great' beings the way it is written. At last, after reading almost 210 pages, I got to see some system of trading. All these are pretty dry.
This is possibly the only one exception to the many great investing books in my library that I could have borrowed from the library. You will be better off reading 'How to make money in stocks..' by William O' Neal again and again and again.
Not bad, but not very useful.......2007-06-03
I own this book, I even recommend this book. But let me explain the 2 star rating....
While the book is a good history lesson, and shows how some of these guys make a lot of money, it's just not practical advice for the rest of us. I highly doubt that many of us have a billion dollar hedge fund to run.
Also, there are no real strategies in this book.
However, it did get me thinking in a different way. So for that, it is worth the money. (The main thing was to allow for larger swings against your position, allow the market a little more room than I did before.)
I know that this guy sells other products on his website, but to be honest, I don't see them being worth it. Most of this book is about defending trend traders, which is fine, but I wasn't attacking them in the first place.
I have begun to use the 4 hour chart more with his thinking, and I have to say it makes a little more sense. Not to get caught up in "micro-movements" as I call them. But to allow massive 300 pips swings against you on a weekly chart isn't practical for most of us.
So in conclusion, I think it's a good read, but if you get what I got out of it from my review, then it may or may not be worth the money.
It describes trend followers but does not give any sysytems.......2007-06-01
If you want to read about trend followers you can get this book. But if you want books with trend following systems do not waste your money.
Listen to the author's podcasts before you dismiss him based on negative reviews........2007-05-25
I discovered Michael Covel in a web search for "trading podcasts" and find his audio diatribes refreshing, inspiring, offering a real perspective on trading discipline.
A link to the podcast directory is at the turtletrader dot com web site, they are just a few minutes in length and worth your time.
At least listen to the one titled "Understand your emotions", it is worth your time and an important reminder to anyone running any amount of money.
Sometimes the author uses his audio forum to respond to negative reviews of his book, if you are listening for the first time, skip the rebuttal and sample another of his podcasts.
Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition, (Paperback).......2007-05-12
Disappointing. Long on theory and very short on practical advice. Not of much use to an individual investor. I would not recommend this book to someone looking for a "how to" book.
Book Description
The Encyclopedia of Trading Strategies is for traders who want to take the next step to consistently profitable trading. The authors--themselves seasoned veterans of the futures trading arena--pinpoint the trading methods and strategies that have been shown to produce market-beating returns. Their rigorous and systematic backtesting of each method, using the same sets of markets and analytic techniques, provides a scientific, system-based approach to system development...to help you assemble the trading system that will put you on the road to becoming a more consistently profitable trader.
Customer Reviews:
I liked, but it could be better.......2007-03-25
I liked this book.
it presented many ideas and a right pragmatic approach to test a trading system.
I found tough the statistics part, but it's not an author's fault: it's statistics.
in the final part I found many repetition (many pages might be saved just writing: " hey, for this system we apply the same said at pag. xyz..").
Only two things remained a mistery to me (but I'm not much intellingent..): why didn't the author make any test for longer horizons? in the end, the strategies never approached a longer term trading strategy: usually the trades last few days.
maybe it's not worth? the author doesn't tell us
ah, and it's not an encyclopedia: why did he choose this name?
this is the second mistery...
Too Technical for Me.......2006-11-05
The Encyclopedia of Trading Strategies is well written and is a good book if you are looking for something very technical and mechanical. I was disappointed with the book. I thought it would offer chart set ups or set ups per technical indicators. Instead, it offered codes, etc for setting up mechanical systems.
Research oriented traders, read this one!!.......2005-12-27
Wow! For the research oriented person, this book is great! Not
only does it go over large variety of different approaches
to the commodities market, but the authors let you know the
pitfalls and traps to various methods of evaluating the markets.
The book is written in a concise manner that allows quick naviagation
and further study of any desired topics. The authors have
documented their sources well and really covered a lot of ground!
A *must* read for traders! *AND* I was interested in
the companion CD, called the number listed on the web site
and got to speak with one of the authors! He was very helpful
and answered all my questions right away! You can't beat
that for service with a book!
Best Book on Building Trading Strategies.......2005-12-19
This is by far the most complete and advanced work I've read on the subject. However, read Robert Pardo's "Design, Testing, and Optimization of Trading Systems" first if you are new to backtesting.
A must read for strategy traders.......2005-09-07
This is a good book. Everyone who is thinking about trading and/or is trading already should get a copy of the book. There isn't any "holy grail" strategy in this book, by the way. Rather, this book is about teaching how all these different indicators have performed under strict test conditions and unveils some of the mysteries about different strategies that people have talked about over the years. IMO, the author's work can be the basis of a great system. The first step has already been taken by the author, and you just have to elaborate it to add your flair and style. Happy trading!
Customer Reviews:
Not worth the Time and the Money.......2005-05-01
I am a student who happens to have read both John Hull's 'Options, Futures and Other Derivatives' and his 'Fundamentals'. To say that 'Options, Futures and Other Derivatives' is a good book is a great understatement, and can even be considered an insult. Yet, this book, which is targeted at readers who are not as acquainted with derivatives fails to impress. Through out the book you can feel how John Hull struggles to explain things in a simple manner. Sadly, his efforts have failed, and this is most evident when my fellow classmates had a hard time understanding the materials starting from Swaps. When we reached the section on options pricing, the book lacks the rigorous math that is needed for students to fully appreciate the beauty of deriving things like Black-Scholes. Overall, if you are a beginner, go straight to 'Options, Futures, and Derivatives'. This book is not worth wasting time over.
not worth the money.......2005-02-03
As promised this book contains no calculus.However it looks more like a formula sheet.There are some typos in some important parts.The intuitive explanations for some important topics are omitted or not well explained.Solutions manual is just a waste of time.Actually the book doesn't contain good questions at all.Despite the fact that it's one of the most used textbooks for the entry level in options and futures it's really not worth the money.One can find online lecture notes and do with them without having to pay that much money.
Great Book!.......2002-06-11
I needed to understand everything I could about Futures and Options in a short time and this book was perfect for that purpose. The introduction about futures and options is great and the content in general is very easy to understand and follow. I really liked the examples and the way the author explained each topic. However, I have to confess that maybe my engineering background helped me to understand the math behind, but I believe that even if you don't have much mathematical knowledge you can follow the book.
A big plus of this book is that it contains a chapter about Value at Risk and one focused more on more recent types of derivatives contracts (e.g., energy, weather, etc.).
In general, I think that with this book you could cover more ground more quickly than with other books.
Great Book!!.......2002-04-19
This book is a great introduction to options and futures, I do not have any university experience in mathematics and was able to follow nearly all that I have read so far. However, if you are not comfortable with substituting into equations and following equation derivations, maybe option/futures trading is not for you.
You better know your math.......2002-01-29
The book is a good book IF you know your math. It has been a while since I have done calculus and finance classes and needed to review other books in order to understand all the math. I laughed at the introduction when the author stated math is not needed. While this is partially true, it is because the author expects the reader to memorize his formulas and so omitts some of the steps of how the formulas come about. Do not try to do this book without help or even better yet, without the solution manual. It was a grueling class with more than 1/2 the class dropping it because the book was so hard to understand.
Books:
- Options, Futures and Other Derivatives (6th Edition)
- PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
- Professional Electronic Trading
- Quantitative Methods for Business (with Crystal Ball Pro 2000 v7.1, CD-ROM, and InfoTrac )
- Quicken Willmaker Plus 2007 Edition: Estate Planning Essentials (Book with CD-ROM)
- Reading Financial Reports For Dummies
- Reclaiming Surrendered Ground: Protecting Your Family from Spiritual Attacks
- Schaum's Outline of Statistics
- Standard and Poor's Guide to Money and Investing (Standard & Poor)
- StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup's Now, Discover Your Strengths
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Options as a Strategic Investment
The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies
Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)
Options Made Easy: Your Guide to Profitable Trading (2nd Edition)
Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance)
