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Tricks of the Floor Trader
This books contains over 90 tips, insights, and discoveries that until now were available
only to those who have spent years on the trading floor. In a straightforward and
easy-to-understand style, this book reveals how to make intelligent, successful trades by
viewing the market with the eye of a veteran trader and incorporating the time honored,
fundamental techniques floor traders use to build their own trading strategies.
You'll learn the importance of disciplined money management and how to trade like a trader
- not a speculator or gambler. Although futures are used in the examples, most of
the material is equally applicable to equity trading. |
Psychology of Technical Analysis
This book explains how emotions drive the financial markets and demonstrates how technical
indicators can be used to forecast market turning points. This edition includes a trading
system and provides practical advice on how to profit from changes in crowd psychology.
Specific topics include: The "logic" of the crowd; Techniques for forecasting
crowd behavior; The mathematical basis of price movements; Price patterns at turning
points; The mechanics of trading success. In today's high-tech trading world, it's
sometimes difficult to remember what moves markets. It's not computers, fractals or neural
networks. It's people - people who make decisions based on their own abilities, emotions
and financial resources. But people do not make decisions in isolation. They are
influenced by friends, colleagues and the news media. In the end, most individuals become
part of a crowd. That's why so few people make money in the markets; because, as every top
trader knows, the crowd always loses in the end. Winning requires the ability to recognize
what the crowd is doing, and to do the opposite. If you develop this one ability alone,
your success in the market is virtually assured. In this
completely revised edition of Forecasting Financial Markets - re-titled more aptly The
Psychology of Technical Analysis - Tony Plummer demonstrates how to use technical analysis
to track crowd psychology and to spot those exciting trades where enormous profits can be
made. Using a variety of technical approaches, Mr. Plummer shows how prices follow a
discernible pattern, based on the predictable influence of the crowd.
In short, The Psychology of Technical Analysis is the bible for
traders who want to understand the dynamics of crowd behavior and the financial markets,
and who want to capitalize on those rare moves where really big profits can be made. |
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Option Volatility & Pricing
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. It covers pricing
models, volatility considerations, basic and advanced trading strategies, and risk
management techniques. Written in clear, easy-to-understand fashion, the book 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, and shows how this theory
can be used to identify and exploit trading opportunities. He explains a wide variety of
trading strategies and shows how to select the strategy that best fits each trader's 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. |
Option Market Making
Approaches trading from the viewpoint of market makers and the part they play in pricing,
valuing and placing positions. Covers option volatility and pricing, risk analysis,
spreads, strategies and tactics for the options trader, focusing on how to work
successfully with market makers. Features a special section on synthetic options and the
role of synthetic options market making (a role of increasing importance on the trading
floor). Contains numerous graphs, charts and tables |
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The Compleat Day Trader II
The Compleat Day Trader II builds on the ideas presented in Bernstein's first day-trading
book, The Compleat Day Trader. This time around, Bernstein focuses on more advanced
trading systems and places particular emphasis on the importance of self-discipline in day
trading, and he zeros in on the best futures markets to trade, including the S&P 500,
Treasury bonds, and European currencies. The Compleat Day Trader II covers the ins and
outs of day trading, and then presents various methods and systems for day trading,
including hit and run trading, the 30-minute breakout, and the power balance method. The
author also provides statistical back tests to verify and explicate the various trading
methods, and an in-depth discussion of the psychology of day trading. Day Trader II covers
in-depth the "art" of day trading. Some traders are intuitive. These traders
will use parts of five or six different systems discussed by the author to create a
synthesis that provides the trader with his own trading system. This is more sophisticated
than, and therefore the next step from, The Compleat Day Trader, which focuses much more
on the "science" of trading. |
Trading on the Edge : Neural, Genetic, and Fuzzy Systems for Chaotic
Financial Markets
Experts from the world's major financial institutions contributed to this work and have
already used the newest technologies. Gives proven strategies for using neural networks,
algorithms, fuzzy logic and nonlinear data analysis techniques to enhance profitability.
The latest analytical breakthroughs, the impact on modern finance theory and practice,
including the best ways for profitably applying them to any trading and portfolio
management system, are all covered |
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Trading Systems and Methods
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 rewritten and updated his
best-selling guide, which remains the most comprehensive and instructional book on trading
systems today. This detailed, hands-on manual offers a thorough analysis, using a
systematic approach and explanation of each method of calculation or operation. Trading
Systems and Methods continues to be the single best resource for the trader or market
analyst who wants to create or choose a successful trading system |
Trading
in Choppy Markets
This books analyzes the markets and develops trading methods for the most common choppy
market situations. For the first time, this book meets the needs of all traders by
devoting a chapter to each of 20 proven trading methods, leaving you prepared for
virtually every trading situation. The detailed analyses and instructions include
which market situations require which techniques for maximum profits, the five components
of a good trading plan, means of identifying trending and choppy markets effficiently,
where and when to place stops for maximum loss protection, and correctly choosing the
right method for the right market every time. |
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Nonlinear Pricing
A non-trivial, but practical guide to a revolutionary new trading methodology that employs
chaos theory - nonlinear pricing uses genetic algorithms, fuzzy logic, fractal imaging,
and other cutting edge technologies to identify and explot patterns hidden within the
seemingly helter-skelter rise and fall of daily stock prices. If you are up for the
complexities and want a clear discussion of this new area of technical analysis, put this
book on your list. |
Technical Analysis for the Trading Professional
Technical Analysis for the Trading Professional presents interesting new formulas and
chart applications to improve market timing. Each chapter is a separate topic,
building step-by-step through 150 charts that lead toward new methods of price
triangulation. Deals with volatility bands on oscillators, filters, Fibonacci
projections, and the use of oscillators with the Elliott Wave principle. |
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Technical Market Indicators
This book offers advice on selecting technical market indicators. This comprehensive
resource provides a clear, straightforward picture of these invaluable tools, analyzing
which indicators seem to work best, why, under what conditions, and with which kinds of
financial instruments. The book also presents a comprehensive testing of indicators
that uses a large sample of stocks over a 12 year period which encompasses a variety of
market conditions. An interesting new perspective on a much analyzed area of
trading. |
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Manias, Panics and Crashes : A History of Financial Crises
This updated version of a celebrated classic takes readers through virtually every major
crash and financial panic on record. From the currency devaluation in the Holy Roman
Empire in 1618 through the California gold rush of the 1840s and 1850s to the crash of
1987 and last year's Peso devaluation, this engaging, lively, and exhaustively researched
account offers a wealth of fascinating insights into why they happened. 10 illustrations. |
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Extraordinary Popular Delusions & the Madness of Crowds
Why do otherwise intelligent individuals form seething masses of idiocy when they engage
in collective action? Why do financially sensible people jump lemming-like into
hare-brained speculative frenzies--only to jump broker-like out of windows when their
fantasies dissolve? We may think that the Great Crash of 1929, junk bonds of the '80s, and
over-valued high-tech stocks of the '90s are peculiarly 20th century aberrations, but
Mackay's classic--first published in 1841--shows that the madness and confusion of crowds
knows no limits, and has no temporal bounds. These are extraordinarily illuminating, and,
unfortunately, entertaining tales of chicanery, greed and naivete. Essential reading for
any student of human nature or the transmission of ideas. In
fact, cases such as Tulipomania in 1624--when Tulip bulbs traded at a higher price than
gold--suggest the existence of what I would dub "Mackay's Law of Mass Action:"
when it comes to the effect of social behavior on the intelligence of individuals, 1+1 is
often less than 2, and sometimes considerably less than 0. |
The Crowd : A Study of the Popular Mind
Gustave LeBon's The Crowd is not only a classic, but one of the best-selling scientific
books in social psychology and collective behavior ever written. Here, LeBon analyzes the
nature of crowds and their role in political movements. He presents crowd behavior as a
problem of science and power, a natural phenomenon with practical implications. Originally
published in 1895, LeBon's book was the first to expand the scope of inquiry beyond
criminal crowds to include all possible kinds of collective phenomena. Its continuing
significance is evident even in the Los Angeles riots of 1992 in which LeBon's theories
were cited in testimony. LeBon emphasizes the various areas of modern life where crowd
behavior holds sway, particularly political upheavals. He focuses on electoral campaigns,
parliaments, juries, labor agitation, and street demonstrations. At the same time, his
treatment of crowds is far from complimentary. In a new introduction to this edition,
Robert A. Nye presents a broad analytical understanding of the relationship between power
and knowledge in crowd theory. He also discusses the historical circumstances and the
various personalities who have shaped our understanding of crowds. Nye emphasizes The
Crowd's continuing usefulness to cultural historians, psychologists, sociologists, and
political scientists. He also places LeBon in a rich tradition of European social theory. |
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Twin classics of Crowd Psychology - The Crowd : A Study of the Popular
Mind & Extraordinary Popular Delusions and the Madness of Crowds
This abridged version book combines the best 2 books of investment psychology in the world
with a specific focus on crowd behavior in the stock market place. If you can't afford to
buy the original version of these 2 books buy this one. Simplistic, descriptive and yet
powerful. For more details on each book read the above description of each one. |
Trading to Win
Trading to Win presents a step-by-step, goal-oriented program for building the mental and
emotional stamina not only to win, but to win on an unprecedented level. Created by a
leading psychiatrist for a top trading firm, this proven approach spotlights a set of
philosophical and behavioral principles designed to assist you in implementing proactive
trading strategies, as well as developing the mindset needed to trade effectively in the
realm of uncertainty. Delving into your underlying thought processes when you trade,
Trading to Win enables you to understand what is motivating you, whether it is consistent
with your game plan, and whether you are in any way sabotaging yourself. Fully
supplemented with real market trading scenarios, Trading to Win shows you how to apply key
concepts where it counts - in actual trading room situations. For both professional
traders and sophisticated investors, this remarkable program offers a rare opportunity for
both personal and financial gain. |
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Mind of a Trader
It takes courage to admit you are wrong," says Banque Paribas' Bernard Oppetit.
"It take courage to face it when you have lost money and not blame it on the other
guy or blame it on circumstance." This is just one of the many sobering observations
found in Alpesh Patel's lucid, well-organized collection of to-the-point interviews with
ten top traders in equities, currencies, bonds, commodities and derivatives. Mr. Patel is
a London barrister-turned-financial-pro. And his book covers such concepts as dynamic
analysis, progressive trading, pyramid information, pivot point and the Swill method. He
does a particularly fine job of examining how winning strategies are implemented - and how
failure can be avoided. "There is a time to be patient and there is a time to be
impatient, and you just have to know the difference," observes Mercury Trading's Jon
Najarian. Other interviewees includes Salmon brothers' Bill Lipschutz, Chicago Board of
Trade's Pat Arbor and Paul Johnson, Monument's Martin Burton and trader-educator Neal
Weintraub. |
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