The Rookie’s Guide to Options: The Beginner’s Handbook of Trading Equity Options
Mark D. Wolfinger (W&A, 2008)
One of the ideas central to Mark’s work in his blog, his magazine articles, and in this book is that options are an excellent tool for just about any investor who wants to manage risk more effectively. What’s especially admirable about this book is that it takes a reader with no prior knowledge about options from the most basic concepts all the way through to…
As technology advances, the variety of tools and strategies available to individual traders increases accordingly, and for newer traders the sheer number of techniques and strategies on offer can be daunting. Short Term Trading Strategies That Work by Larry Connors is a nice introduction to some of the trading rules and strategies that have proven consistently helpful for navigating the markets.
One of the best things about this text is that each strategy or technique is treated in quantitative terms. Even perennial…
Our New Year’s resolution is to exert as little control as possible over our trading.
Why? Because humans are terrible at decision-making, at changing, at acting in any way other than we have in the past. On a collective level, we can’t seem to stop foisting unnecessary wars and economic crises on ourselves; as individuals, we only rarely pursue our real long term best interests. Human behavior is like a stock whose long term moving average never changes direction: sure, there…
What is fear of swans called? We’ve searched and although it doesn’t seem to exist – so far – can we suggest ‘cygnophobia’, from the latin cygnus for swan?
-WikiAnswers
People love them some Taleb, and for good reason. Both The Black Swan and Fooled by Randomness are good reads, with interesting and provocative ideas scattered liberally throughout. But ever since the notion of the “black swan” (an unpredictable and counterfactually inexplicable event with some dramatic impact) has been taken up among traders, a misconception has…
Volatility as an Asset Class: A guide to buying, selling, and trading third-generation volatility products, ed. Israel Nelken (London: Risk Books, 2007). Israel Nelken, one of the members of the CBOE New Products Committee, has collected 11 essays on the theory and practice of trading volatility as a distinct asset class. The first half of the book examines the measurement of volatility and ways to employ volatility models on several traditional underlying products. The second half is devoted to discussion…
Thursday, April 2, 2009
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