Book Description
Designed to bridge the gap between theory and practice, this successful book is regarded as "the bible" in trading rooms throughout the world.
The books covers both derivatives markets and risk management, including credit risk and credit derivatives; forward, futures, and swaps; insurance, weather, and energy derivatives; and more.
For options traders, options analysts, risk managers, swaps traders, financial engineers, and corporate treasurers.
Customer Reviews:
Good.......2007-09-14
The book was in great condition. It took only five days to get the book.
The greatest concise reference for the fundamentals of financial engineering.......2007-05-30
Whilst this text was not a recommended text for my Australian investments course, it was more useful than any other reference material prescribed by my professional body and proved more than its value over the space of just a few weeks. I encourage especially those that may be sitting on the fence, thinking it is a lot of money (because it is), that this text is worth every cent if you are in need of the best derivatives pricing book that exists today - this is it.
Solid textbook.......2007-05-08
This textbook has been very helpful for my financial instruments class (MBA level). Good examples and explanation of formulas.
Good Book Humayun R Ali.......2007-03-01
I am in the first few chapters and finding the book easier to read than other financial books. I like the examples to explain the purpose of futures and options. The first few chapters introduce you to futures and options then gets into more advanced topics. I also got the student study guide. There are certain books that are well worth the price, this is one of them. It is not a "get rich quick" guide, but rather a book designed to give the reader an in depth understanding.
A PhD student's review.......2007-02-07
Like all too many PhD students trying to push their way into the already overcrowded quant. finance job-space, I too had heard that Hull is the "bible" of quant. finance, and it should be the first book you should read.
WRONG. Dead wrong. Hull should be the LAST book you should read, and I mean it literally. That is, you definitely SHOULD read Hull, but after reading some good quant. finance books and getting some intuition behind what is going on.
The good parts of Hull are:
1) breadth of topics covered - there is no other single book that covers the range of topics that Hull does.
2) some amount of feel of real markets that it gives (all this means is that it describes the mechanics of markets).
For someone just starting out learning quant. finance, however, the above two become big stumbling blocks. The breadth of topics means that several topics are covered in a, and I am being kind, patchy manner. In fact, you can go through quite a lot of Mr. Hull's babble about "worlds" (something he uses interchangeably for "measure") without understanding whatever the heck a risk-neutral measure is. There are risk-neutral worlds, forward-neutral worlds, stock-worlds...and you don't know the underlying simple, simple principle, so you just keep following him, and he goes on and on...
Another example - Black's formula in fixed income products - he just goes on and on about its applications to this that and the other (bond options, swaptions...), discusses the "validity of Black's formula" (which supposedly tells you that it is more general that it is usually believed to be, but tells you neither how general it is, nor how general it is believed to be)...All this without giving you the simple, one sentence reasoning behind the Black formula.
Time and again in the book there are formulae that seem to be just pulled out of thin air. There are better compilations of formulae (Haug, for example), so I don't quite understand what the idea is. You keep wondering HOW a valuation formula came about, because you want to know what assumptions lie behind that valuation, and how to change it if some of those assumptions change...But as frequently as not, you will be left turning pages in the vain hope of trying to find out.
Add to that a poorly composed index, ill defined terms sprinkled all over the book, hand-waving galore, and it equates to hours of frustration. Just understanding clearly what is being talked about takes a lot of page turning, searching for definitions and so on.
And don't go by people who look down folks wanting to be precise. I am not talking about any ivory tower precision - I am talking about real, practical precision. The precision you need in a book to be able to answer a non-rote question properly. That precision is not there in most of Hull.
Download Description
"""Guy Cohen is the master when it comes to taming the complexities of options. From buying calls and puts to iron butterflies and condors, Guy explains these strategies in a clear and concise manner that options traders of any level can understand. His chapter on options and taxes is especially welcomed (and needed). The Bible of Options Strategies is a straightforward, easy-to-use reference work that should occupy a space on any options trader's bookshelf."" ¿Bernie Schaeffer, Chairman and CEO, Schaeffer's Investment Research, Inc.
""The author delivers clarity, insight and perception making learning about options a joy, and practicing the art of making money that much easier: truly a bible from a guru."" ¿Alpesh B. Patel, Author and Financial Times Columnist
""Guy Cohen truly makes learning about options easy in this fact-filled guide. Bullet points make for a quick and enlightened read, getting to the heart of what you really need to know about each options strategy. This book is a must for any serious trader's library."" ¿Price Headley, Founder, BigTrends.com
Pick the right options strategies...implement them step-by-step...maximize your profits!
Introducing today's first and only comprehensive reference to contemporary options trading!
OptionEasy creator Guy Cohen identifies today's popular strategies...and tells you exactly how and when to use each one and what hazards to look out for! It's all here....
- Basic Strategies including: Buying and shorting shares, calls, and puts. I
- ncome Strategies including: Covered Call, Naked Put, Bull Put Spread, Bear Call Spread, Long Iron Butterfly, Long Iron Condor, Calendar Call, Diagonal Call...
- Vertical Spreads including: Bull Call Spread, Bull Put Spread, Bear Call Spread, Bear Put Spread, Ladders...
- Volatility Strategies including: Straddle, Strangle, Guts, Short Butterflies, Short Condors...
- Sideways Strategies including: Short Straddle, Short Strangle, Short Guts, Long Butterflies, Long Condors...
- Leveraged Strategies including: Call Ratio Backspread, Put Ratio Backspread, Ratio Spreads...
- Synthetic Strategies including: Collar, Synthetic Call, Synthetic Put, Synthetic Straddles, Synthetic Futures, Combos, Box Spread...
- ...and many more strategies...
Plus essential tax-saving information, and more!
- No other book presents this much authoritative, current information on options trading strategies
- Covers all of today's best income, volatility, leveraged, synthetic, and sideways market strategies
- Discover why each strategy works, when it's appropriate, and how to use it¿step by step
- Includes a full chapter on tax issues associated with options strategies
- By Guy Cohen, whose OptionEasy application has helped thousands of traders achieve breakthrough results!
The Bible of Options Strategies is the definitive reference to contemporary options trading: the one book you need by your side whenever you trade.
Options expert Guy Cohen systematically presents today's most effective strategies for trading options: how and why they work, when they're appropriate, when they're inappropriate, and how to use each one responsibly and with confidence. The only reference of its kind, this book will help you identify and implement the optimal strategy for every opportunity, trading environment, and goal."
Customer Reviews:
Truly the bible of all bibles!.......2007-09-30
I really enjoyed this book and continue to do so. As others have commented, it's not a cover-to-cover type of book, but I can reference any strategy so easily and get the salient information I need at the flick of a page.
I've also got the author's other book (Options Made Easy) and there's something different about the way he explains the subject of options that I previously found much more difficult and now find remarkably easy. Great book.
Great reference, full of errors.......2007-09-15
This book is an excellent reference book for options traders, novice and experts. It describes in great detail most of the strategies for trading options. I like the structure and the organization of the book. It helps easily locate a stragety based on several criteria, like your trading expertice or your perception of where the underlying stock is going.
I'm dissapointed at the amount of errors in the book. I've only read 2 chapters so far and have found, not only mispelled words, but errors related to the description of the strategy, risk and reward calculations and inverted names (call instead of put, for example).
If not for the errors, I would have given 5 stars to the book.
Technical Alanlysis "Bible".......2007-09-11
A large volume that covers just about anything you want to know about charting. I was most interested in Elliott Wave info and it has a good section about EW. For the options trader, this is the book to study.
good for beginner to novice.......2007-09-03
I meet Guy during SF Money Show,it was a good experience.
One thing that i notice from most of options book, they are all talking the same thing, mostly strategy description, including this book. What i want from this book is more explanation towards when and how to the strategy should be applied when fundamental, TA and sentiment comes to picture.
Good referrence book.......2007-08-23
I did learn a lot of reading this book. I have read a number of options book but what I liked the most about this book was the method that it used to cover the option strategies by grouping them. Also by covering the variables for each option strategy in the same manner.
I use the data in this book in another manner as well. Often different groups UBS etc ask me to invest in some product that they have developed. I graph the the possible results and then compare that graph to the graphs at the back of this book to find the closest option strategy. I then read up on that strategy establishing where it works best, worst etc. This often gives me some insight as to where if any the product might fit into my investemnt portfolio. This is not the only selection criteria but it helps.
Book Description
"The Long Tail" is a powerful new force in our economy: the rise of the niche. As the cost of reaching consumers drops dramatically, our markets are shifting from a one-size-fits-all model of mass appeal to one of unlimited variety for unique tastes. From supermarket shelves to advertising agencies, the ability to offer vast choice is changing everything, and causing us to rethink where our markets lie and how to get to them. Unlimited selection is revealing truths about what consumers want and how they want to get it, from DVDs at Netflix to songs on iTunes to advertising on Google. However, this is not just a virtue of online marketplaces; it is an example of an entirely new economic model for business, one that is just beginning to show its power. After a century of obsessing over the few products at the head of the demand curve, the new economics of distribution allow us to turn our focus to the many more products in the tail, which collectively can create a new market as big as the one we already know. The Long Tail is really about the economics of abundance. New efficiencies in distribution, manufacturing, and marketing are essentially resetting the definition of whats commercially viable across the board. If the 20th century was about hits, the 21st will be equally about niches.
Customer Reviews:
Good article, stretched out to a padded book.......2007-09-26
This book started off as an article in Wired Magazine, and it was an excellent one. But Anderson must have decided to cash in, because the book doesn't add anything that wasn't covered in the article itself. It's not a complex concept.
Read the article on the Wired website. Then go spend your money on something from a tiny niche market.
One Trick Pony.......2007-09-09
This is one of those books that has one, keen insight and then takes one hundred + pages to say the same thing over and again. The keen point is indeed interesting. It just does not a complete book make. My $.02 !!
Good book for the startup entrepreneur in the 21-century .......2007-08-20
This is an insightful book into the today's world of retail business. Cool examples of how the Internet has leveled the playing field for many small businesses and artist.
Looking at it from the point of view of the producer and not the consumer or the retailer .......2007-08-16
I am not much of a business mind but I think I get the picture here. Instead of twenty percent of the product bringing in eighty percent of the revenue ninety- eight percent of the product is going to bring in all the revenue. Having so much available, and having ready access to it means sales no longer concentrate on a relatively few items. Freedom of choice abounds, niches multiply, Alvin Toffler is happy, future shock is no longer shocking, customization is here forever, and we all can have anything we want as long as we are able to pay for it.
Good. But I think of this in another way. Does this mean that 'value' also will not be centered as we ordinarily center it in the great works, the masterpeices, the few chosen ones? Does it mean our whole conception of valuing cultural goods will change, and a few big things will be less worshipped while many more appreciated? In other words will deTocqueville be happy here because 'equality' is in the saddle and mankind has many little good things, instead of the aristocracy only having a few?
And what does that mean for creators of culture? As a writer can I now happily post my unpublished writings with the thought that perhaps a few will read them, where before none did. In other words a moneyless long- tail is still a long- tail.
I don't know. But I do sense Anderson has hit on to a new truth here which will have all kinds of implications better business people than me will have to see.
Must read.......2007-08-14
The Long Tail is a must read for anyone wondering how the Internet works or how it's changing the world as we know it. In the book, Chris Anderson, the editor of Wired Magazine, explains how one simple principle is behind so many of the social and economic changes we are seeing with the internet. The Internet makes it possible for many people to produce and publish cheaply and for many other people to find those "amateur" works easily. For example, until the Internet, the only music you had access to was the top 40 on the radio or maybe the top 500 albums at the music store and maybe a local band at the bar on weekends. Now you have access to hundreds of thousands of songs written and produced by anybody and everybody in the world. Not only that but they are easily searchable in many different ways. So a you don't have to listen to just hits anymore and you don't have to be a world wide hit to be successful. That's what is changing the world. Niche markets are growing (around all of these non-hit works) and at the same time the way we share and find these niche products is becoming easier and easier - creating new communities online.
Chris Anderson explains it much better than me and I highly recommend the book if you've noticed that the Internet is changing the world and wondered why.
Book Description
The future belongs to a different kind of person with a different kind of mind: artists, inventors, storytellers-creative and holistic "right-brain" thinkers whose abilities mark the fault line between who gets ahead and who doesn't. Drawing on research from around the world, Pink outlines the six fundamentally human abilities that are absolute essentials for professional success and personal fulfillment-and reveals how to master them. A Whole New Mind takes readers to a daring new place, and a provocative and necessary new way of thinking about a future that's already here.
Customer Reviews:
Art Teachers Summer Read.......2007-09-10
Great book to read while I consider my level of burnout. It was interesting and made me want to find out more. I would like to implement some of his straegies with my high school art kids. Thanks.
Faster than you think.......2007-08-28
We are undergoing enormous change and at a pace that seems to be getting faster all the time. This book is an invaluable tool for all of us if we know how to use it properly. He is pointing us in the right direction - now it is up to us to go and do something with the advice he has provided. I loved this book and would strongly recommend it to anyone who wants to have a whole new life.
Excellent tool for personal excellence........2007-08-15
What I love is when a book isn't just conceptual; it's practical. A Whole New Mind fits that bill nicely.
Dan Pink does a great job of not only laying out the essential principles to a well-rounded, complete way to bring your best to work, but he also gives excellent examples and resources to learn from and develop your capabilities.
Well researched, a great read, entertaining, and immensely useful. I highly recommend it.
Thought Provoking.......2007-08-14
What a fascinating take on the age of "Abundance, Asia and Automation." Pink's reflection on what these three realities mean to today's young people and what their future may be has really changed my outlook on my children's future. Among the most important and affirming things that Pink says is that we need "an artist in every room." Amen to that!
A Whole New Mind: Why Right-Brainers Will Rule the Future.......2007-08-12
Thought provoking. Right on in describing the transformation that our global economy is moving towards.
Book Description
“We're going to raise traders just like they raise turtles in Singapore.”
So trading guru Richard Dennis reportedly said to his long-time friend William Eckhardt nearly 25 years ago. What started as a bet about whether great traders were born or made became a legendary trading experiment that, until now, has never been told in its entirety.
Way of the Turtle reveals, for the first time, the reasons for the success of the secretive trading system used by the group known as the “Turtles.” Top-earning Turtle Curtis Faith lays bare the entire experiment, explaining how it was possible for Dennis and Eckhardt to recruit 23 ordinary people from all walks of life and train them to be extraordinary traders in just two weeks.
Only nineteen years old at the time-the youngest Turtle by far-Faith traded the largest account, making more than $30 million in just over four years. He takes you behind the scenes of the Turtle selection process and behind closed doors where the Turtles learned the lucrative trading strategies that enabled them to earn an average return of over 80 percent per year and profits of more than $100 million. You'll discover
- How the Turtles made money-the principles that guided their trading and the step-by-step methods they followed
- Why, even though they used the same approach, some Turtles were more successful than others
- How to look beyond the rules as the Turtles implemented them to find core strategies that work for any tradable market
- How to apply the Turtle Way to your own trades-and in your own life
- Ways to diversify your trading and limit your exposure to risk
Offering his unique perspective on the experience, Faith explains why the Turtle Way works in modern markets, and shares hard-earned wisdom on taking risks, choosing your own path, and learning from your mistakes.
Customer Reviews:
Shell Game.......2007-10-01
The reviews would have you believe that this book is a great tutorial on trading. It's not. Instead, I found it to be jargon filled, difficult to understand, and internally inconsistent. Save your money.
Below the Moving Average of Expectations.......2007-09-01
I rarely like to trade against the market, but if the reviews on this board are the market, then I'm short. Like most of the reviews here, I was lured into buying this book primarily by the mystic surrounding the Turtles. Now, as far as my curiosity about how that 1980s bet began and played out, I was not disappointed. Faith spars no ink on letting the reader into how the Turtles were formed and what is was like trading within the group. What was missing, I thought, was anything approaching the hype. Faith gives short srift to some of the actual trades made, instead choosing to focus on general requirements that might have not been common then, but are standard practice for today's active commodities trader. Perhaps that statement is proof of just how successful the bet was. If so, praise be to the Turtles -- but this doesn't make the book worth the time or the money.
Interesting and Informative.......2007-08-31
Easy to read and captivating for those interested in the trading "lore." Also provides simplistic insight into systematic trading - not bad for those just getting into the game.
A real turtle speaks.......2007-08-22
This book is the real deal. No hype or BS. Very refreshing to finally see the real turtle rules explained in context by someone who lived them. You read the exact rules the turtles used AND why they had those rules. In a market full of books by posers this book shines.
This book has what all the other trend following books don't: A deep understanding of trading as a game of risk and clear thinking. The most valuable and enjoyable features of this excellent book is the clarity of the ideas expressed. This is only possible from someone who deeply understands them. Reading this book was a pleasure (except for the self involved foreword by Van Tharp).
Had high expectations but were not met by a long shot............2007-08-17
This book was supposed to teach you the way the turtle traders made millions, this book has some basic trading strategies that you can find in any other trading basics book. Jim Cramer's books teach you much more than this one, dont waste your money.
Book Description
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
"If one could read only one book on technical analysis, this should be the one." --Knight-Ridder Financial Products and News (on the first edition, Technical Analysis of the Futures Markets, 0-13-898008-X)
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
"One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It's an easy read." Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc.
Customer Reviews:
Reference.......2007-08-13
If you use the charts to look for trades, you have to buy this book. It's an awesome reference for charting.
Good Even for a Random Walker.......2007-07-22
This book is a very well written introduction to the Technical Analysis of the financial markets. It covers a lot of ground and for a text book style layout, it is surprisingly easy to read. Murphy starts with a solid introduction including the philosophy of technical analysis and a defense against the criticisms from academics and followers of the Random Walk Theory. The meat of the book is a comprehensive treatment of the core components of technical analysis including Trendlines, Reversal and Continuation Patterns, Moving Averages, and Oscillators. The author continues to dig deeper with Point & Figure Charts, Japanese Candlesticks, and Eliott Wave Theory.
As a big fan of Malkiel's "Random Walk Down Wall Street," I started reading this book with some healthy skepticism. While I was not converted to the chartist's philosophy, I felt like I did pick up some tools that could still be useful in a buy-and-hold strategy.
Everything a beginner needs to know.......2007-07-07
John Murphy's book explains nearly everything anyone who is looking to understand the technical side of the market could ask for.
PROS: Easy to follow. Starts from the ground up into the complicated stuff. Feels like a year's worth of college courses finished in a few weeks time. This is far and away the best overall stock book I've read to date. I'm making money now!
CONS: Spends a bit too much time on futures trading (for which the book was originally written) Doesn't get far enough into how much time should lapse as a pattern unfolds. Doesn't get much into the psychology of the trader's mind. Somewhat outdated on computer advances (not a big deal)
Classic Technical Analysis Book.......2007-06-28
I received 4 copies of this book during my course work at the NYIF, its an excellent referance manual for anyone applying Technical Analysis to the financial markets.
Excellent introduction to TA - an easy read.......2007-06-27
This is the first book I bought on TA and, honestly, it looked intimidating. It's not. Open it up and it reads cover to cover very quickly. Not too technical - not too basic. Just right. This is an excellent introduction to technical analysis: easy to read language, large print, nice heavy bright white pages. Oh, and the content is excellent as well: worded well, good organization, understandable examples and illustrations.
Book Description
Over 30,000 online investors daily flock to pristine.com, the top-rated Website run by day trading legends Oliver Velez and Greg Capra, for up-to-the-minute strategies and market commentaries. In Tools and Tactics for the Master Day Trader, Velez and Capra revisit and completely update over 100 of their daily commentaries from the past four years, with new material explaining what worked, what didn't, and why.
This no-nonsense, easy read, meant to be referenced by traders every trading day, covers everything from potent trading strategies to intuitive insights on psychology and discipline. Proving once again that the best teacher is experience, Tools and Tactics for the Master Day Trader will help any trader log on with the technical skills, market knowledge, and confidence they need to capture more winning trades, and reap new profits.
Customer Reviews:
THE best book on trading I have ever read........2007-09-09
I had to get this book after reading such a mix of reviews. I was really curious how it would turn out since reviewers were either raving about it or trashing it.
After reading the 1st half of this book I was shocked to say the least. The first half of this book is worth more than all of the books I have read on trading combined. If someone trashes this book then they are either very new to trading and don't understand the points being made in this book(which I can understand because you have to get some experience under your belt to really appreciate what is being said in this book) or they are looking for a quick strategy they can read in 5 minutes and start making money. For one thing, that's never going to happen anyway.
The trading strategies in this book are very basic, so for newbies that part of the book has some good info. I was hoping for a little more advanced analysis of trading techniques, but I really didn't need that anyway. The knowledge and wisdom in the first half of this book is going to take my trading to moon.
For the newbies who didn't like this book, get a couple years experience under your belts then go back to this book and re-read the 1st half. I guarantee you, you will want to come back here and write a positive review.
Interesting book with lack in details by very self-confident authors.......2007-06-09
When I started reading the book by Oliver Velez and Greg Capra: "Tools and Tactics for the Master Day Trader", I thought it was one of the better books on day trading. It starts out with the importance of discipline, and the lessons to be learnt from losses. It also outlines the concept that you don't buy from the market, but there is always another person on the other side of the trade that has exactly the opposite market expectation as you.
Then come four chapters with lists of rules: 7 deadly sins, 12 trading laws of success, 15 things every trader should know, and 10 lessons for the master trader. Altogether 44 rules, which don't seem to be in any systematic order. It looks like the authors were brainstorming to come up with as many rules as they could think of, and then divided them up among the four chapters. Some rules contradict one another, some important rules are next to irrelevant ones etc. Also the "Seed of Wisdom" does not help to sum up the rules because it often is not related to the part that it is supposed to summarize.
In Chapter 10 and 11 the authors talk about tools and start out by explaining things as basic as a candle stick or support and resistance. Then they dedicate two chapters to Order Systems and Level II data, and it takes until page 293 when they finally talk about trading techniques.
After having talked redundantly about general things for three quarters of the book, the authors give their ideas of entry, stop and exit techniques. What I missed most in this part is the lack of exact trading rules. Everything is expressed vaguely (e.g. p.219 "you can also opt to keep the break-even stop. This is a matter of choice." or p.322 "Sell at least half your stock if and when the stock breaks below the 5-minute low. ... These are just guidelines. We don't want to be stupid. ... Many traders will be best served selling the whole lot at this point."). This is exactly the vagueness you can't afford as a day trader. I was also disappointed that there was so little variety in the trade setups (just three entry techniques).
So my hope was high that in chapter 17 "How to put it all together" there would finally be concrete entry and exit descriptions. Instead, the authors just describe common chart formations like any other book on technical analysis (and do a worse job, too).
Throughout the book I noted an arrogant tone (p. 317: "Let's assume a master trader, let's call him Mr. Velez."). The authors speak about master traders, as if they were some kind of rock stars. No matter, how successful you are, if you quit being humble, the market can easily take everything away from you.
I am giving the book three stars because it does cover important topics for day traders like discipline, and learning from your mistakes. If you want to read a more effective book, however, I recommend the one by John F. Carter "Mastering the Trade".
Seeds of Wisdom!.......2007-05-18
Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders.
Velez and Capra give me the impression they have traded before and are not just book writer's. You can learn a few pointer's from this book whether you are a rookie or have been trading a while. It covers Candlesticks,Moving Averages, Fibs, Volume and drawing a few trendlines on the charts intraday and daily charts.
It does not go into some of the mathematical stock indicators that some trader's think it might be the "Holy Grail". Sorry, there is no Holy Grail in the stock market you better look elsewhere like yourself. The only "Holy Grail" you will ever find trading stocks is yourself there is no quick fixes to learn to trade stocks it all takes lots of time and practice.
Its to look and observe what a chart's footprints tell you with some seeds of wisdom.
I see so many negative reviews here about this books. I am starting to wonder whether those reader's have ever traded stocks.
I have traded full-time for years and I can tell you they must be all novice trader's hoping that a book might have all the answer's for them and their future. It would help them if they read this book a few times until it sinks in their minds.
Nothing new.......2007-04-18
nothing new, nothing exciting. Everything can be found in books that are half the price. Save your money.
FIVE STARS!!!.......2007-02-27
I would definitely give this book five stars. I really learned alot from it. If you gave it a bad review you either need to go back and read the book again or just skimmed through the book.
and to the person who sid that he "Heard" that they don't actually trade they are wrong and I thought everyone knew not always to believe what they hear. But hey, some people just believe things more easily than others.
and you can't even RATE this book one star because YOU HAVEN'T ACTUALLY READ IT!!!
You skimmed through the book and rate it one star??? WOW. that's all I have to say: wow. I'm not even going to say anything else. and people don't listen to all of those bad revievs out there. It really was a great book and is worth the money. (and so is his newer book)
and to the person who said: "This book TOTALLY rocked. I read it alot because it was so awesome"
YOU TOTTALY ROCK TOO! LOL!
Book Description
In this powerful and provocative manifesto, Bill McKibben offers the biggest challenge in a generation to the prevailing view of our economy. For the first time in human history, he observes, more is no longer synonymous with better -- indeed, for many of us, they have become almost opposites. McKibben puts forward a new way to think about the things we buy, the food we eat, the energy we use, and the money that pays for it all. Our purchases, he says, need not be at odds with the things we truly value. McKibbens animating idea is that we need to move beyond growth as the paramount economic ideal and pursue prosperity in a more local direction, with cities, suburbs, and regions producing more of their own food, generating more of their own energy, and even creating more of their own culture and entertainment. He shows this concept blossoming around the world with striking results, from the burgeoning economies of India and China to the more mature societies of Europe and New England. For those who worry about environmental threats, he offers a route out of the worst of those problems; for those who wonder if there isnt something more to life than buying, he provides the insight to think about ones life as an individual and as a member of a larger community. McKibben offers a realistic, if challenging, scenario for a hopeful future. As he so eloquently shows, the more we nurture the essential humanity of our economy, the more we will recapture our own.
Customer Reviews:
If You Care for the Earth.......2007-09-29
This book is a must for anyone who wants to make a change to save the earth. The author has insight and experience about how our present course of living will lead to the destruction of the world as we know it. It's real, but there is hope and Mr McKibben shares that hope with the reader.
Useful Inefficiencies.......2007-08-29
McKibben is one of our best modern thinkers on environmentalism and conservation, ever since debuting with his classic "The End of Nature" in 1989. In this new book he has largely tackled mainstream economic theory and how it has inflicted worldwide damage on the environment and on human communities. Standard development economics suffers from an unyielding focus on efficiencies and consumption, but this more often than not leads to widespread damage and unhappiness. Planners and politicians focus obsessively on per capita utility and efficiency, and vehemently disdain anything that may reduce efficiency for some individuals but may very well improve communities and the planet. McKibben's great contribution here is his coverage of new studies of human happiness. Especially in America, we have passed the point of gaining any more happiness from increased consumption of things, and we have become largely unhappy over the ensuing loss of community and nature. A new worldwide understanding of how economics really works has become imperative - more is no longer better.
McKibben has located many useful examples around the world of communities practicing new sustainable development strategies with demonstrated benefits for all involved. Unfortunately, the areas in which such great things are happening have particular political and economic conditions that make such experiments beneficial (including the American location McKibben covers most often - politically distinctive rural Vermont). The underlying flaw in this book is that McKibben must resort to pretty wishful idealism when applying these local success stories to the world economic system. A related problem is that the second half of the book, where the rubber should be meeting the road in realistically applying the local to the global, largely degenerates into repetitive descriptions of benefits in lieu of real prescriptions for change. However, McKibben definitely deserves credit for explaining in an accessible way all the tragic flaws of mainstream economic theory (see the books and articles he cites for the real lowdown), and it's about time us regular folks resisted the power players - for the benefit of ourselves and our larger community. [~doomsdayer520~]
Turbines and Prayer Wheels.......2007-08-06
This is a wonderful book that swings your emotions from despair to joy and back. I marveled over the story of the village of Gorasin in Bangladesh where the people said no to pesticides after living with their devastating effects and the village has become an organic oases. That is the theme of the book, communities with members from near or far working together to make lives better.
McKibben mentions Heifer International, one of my favorite organizations, and their impact on one man in China with the donation of 48 rabbits and lots of technical advice and the wave of change in his community because of his successful rabbit enterprise.
A group called Future Generations trained some villagers in Tibet and the villagers devised and installed a system that carried water "through a series of split-bamboo pipes, and then through a turbine that used the dynamo from a junked car. A hydrology expert could have helped them build a more efficient system, but all the locals knew how to repair this setup."".....(Also, the hydrology expert might not have thought to use the water pouring out of the turbine to spin a prayer wheel.)"
World community - helping local people meld the old and the new.
But, McKibben asserts, it is time for the haves of the world to share more than knowledge, it is time to cut back on what we use. "Most obviously, if the rich world began making less extreme demands on the planet, poor countries would have more physical margin to work with - a little slack. ...If we Americans can use less coal and gas and oil, we'll in effect free some of the atmosphere to absorb the carbon that the poor world must emit to meet basic needs."
There is so much more in this book to ponder and act on, put it high on your reading list.
Quite a scary future.......2007-07-23
Wow, makes me want to move to Vermont and become an organic farmer. I found this book to bring up some very good points about our current unsustainable economic situation. Over the past 300 years we have created an economic "machine" based on efficiency and production that will be very hard to change intentionally. McKibben offers some ideas on what the new New Deal will need to be if we want to continue a sustainable economy, which includes taking everything back to a local scale. Food, work, consumer goods need to develop inside the community where one lives. Less efficiency, more community and "neighborliness". It's a great idea. I just wonder if people will choose this before the collapse of our current system or try to figure something out after it's too late. I pesimistically think the latter.
Growing Smaller.......2007-07-11
The main premise of this book is that the local economy is the deeper economy. Thus the healthier and wealthier community. Bill McKibben hardly ever deals in the abstract, rather he is constantly giving examples and providing illustrations of how this type of economy gets practiced locally. He describes the little experiments of living locally . . . such as one winter how he canned all of his food ahead of time and only ate things within a local radius. His goal is to make a connection between the local community and the economy. He spends a good portion of his time sharing about the relationships he has formed in his quest to shop and consume on a local scale. Consequently, the value of relationships in driving and sustaining a healthy economy are focused on a lot. It's not some over-romanticized look back into the past and the way things used to be. Rather it's an imaginative redreaming of how one can exist both in urban and suburban settings at a local level, valuing relationships and health over fast and easy. The book is extremely insightful and a moderately easy read. And well worth it.
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
Trading for a Living Successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:
- How to become a cool, calm, and collected trader
- How to profit from reading the behavior of the market crowd
- How to use a computer to find good trades
- How to develop a powerful trading system
- How to find the trades with the best odds of success
- How to find entry and exit points, set stops, and take profits
Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game. To help you profit even more from the ideas in Trading for a Living, look for the companion volume—Study Guide for Trading for a Living. It asks over 200 multiple-choice questions, with answers and 11 rating scales for sharpening your trading skills. For example: Question Markets rise when
- there are more buyers than sellers
- buyers are more aggressive than sellers
- sellers are afraid and demand a premium
- more shares or contracts are bought than sold
- I and II
- II and III
- II and IV
- III and IV
Answer B. II and III. Every change in price reflects what happens in the battle between bulls and bears. Markets rise when bulls feel more strongly than bears. They rally when buyers are confident and sellers demand a premium for participating in the game that is going against them. There is a buyer and a seller behind every transaction. The number of stocks or futures bought and sold is equal by definition.
Customer Reviews:
Excellent Place to Begin Your Trading, Covers it all........2007-05-24
Dr. Elder has put together in Trading for a living, the most comprehensive 'soup to nuts' book I have read on the broad subject of trading. Ok, even Dr. Elder would tell you that to trade after having read ONLY his book would be the act of a fool, I can tell you now that I have read dozens of books, that there is certainly NO BETTER book to get a broad understanding of trading. Dr. Elder focuses on the three aspects of trading that a trader must master: Your Psychology, Your Money-Management, and then the Analytics. His psychology stuff is very good, a bit harsh, kind of like an old Russian dude might sound like in real life, but sound. And certainly less harsh than a big hit to your capital position on a loss in the markets. His money management section is powerful, which was perhaps the most concise and helpful that I have read on the subject. The money management section gave you a solid foundation for knowing what 'money management' is, and how it should be understood in the world of trading. And lastly, the analytics. Wow. He covers alot of them. And in greater depth and with more proficiency than many of the books that cover just "one" analytic. He tells you how each analytic would be used proficiently, and when it would be dangerous to use. Keep in mind that all of the tools he describes are not recommended, but part of a broader suggestion on how to build your own trading system. Lastly, his covering of the Miscellaneous Analytics is worth the price of the book. It was not the best part of the book, however, it covered areas like Market Vane and CFTC Committments of Traders! In that same section he talks about trading against the herd, (being contrarian) and how to discern who the 'big money' is in Futures Markets. NO ONE has ever mentioned this information in any of the other books I have read. If there was a single book that one could read to begin from there to trade, I would say this is it...although, I would strongly recommend against that. Anyway, this book is in the top 3 of books that cover this subject in the broadest of terms. I do not know what the other two are, but if you are interested in trading for a profession, then read this book.
Forget this one.......2007-05-23
This audio is a big JOKE a waste of time forget this one and look for something else.This is for babies,waste of time.
One of the best book on trading I've read........2007-05-12
I am a "professional" floor trader of over 15 years. Although I have been very successful, this book has given me more ideas on improving- not just my trading- but my life also.. and I haven't even read 1/2 the book yet!
I'm also using some of Dr. Elder's principles to improve my girlfriends 9 year old son's outlook on bettering his life. He is very emotional and I'm trying to teach him about controlling his emotions as Dr. Elder teaches in this book.
The book was recommended to me by a successful trader/trading instructor. Boy am I glad I got it. Thanks Nelson! I recommend it to anyone who wants to improve their financial status through trading.
Learn to make money in the market.......2007-04-10
This is a great book to learn about how to make money in the markets. It is full of strategy and lesson learned by the author. It is also interesting to learn the story of the author. It is a great book to help you learn to make money in the market.
Best trading book I have read.......2007-03-22
I have read a lot of trading books, but this is the best I have yet encountered.
Most of the other books don't take into account the vast numbers of different trading styles and personalities of people. They presume that there is only "one" correct way, which is obviously not correct.
I enjoyed the book because of it's weighted focus on the psychological aspects of trading. Most other books I have encountered are less effective in this area, although they may be technically sound.
The money management element was also most helpful. Many other authors mention the "importance of money management" but don't tell you what it is or how to do it.
The technical analysis areas in this book are a little light, but there are many other sources for that, and this is unlikely to be the only book you buy.
This has been my first year of fulltime trading, and you could say that I have paid some heavy tuition along with some hard won gains. Many of the "classes" I have taken could have been avoided had I read this book first and taken lessons on money management and core trading rules to heart.
Books:
- Peter and the Shadow Thieves
- Product Strategy for High Technology Companies
- Programming a Multiplayer FPS in DirectX (Game Development Series)
- Public Administration: Understanding Management, Politics, and Law in the Public Sector
- Ready...Set...Retire!: Financial Strategies for the Rest of Your Life
- Real Estate Development: Principles and Process 3rd Edition
- Reflective Practice to Improve Schools: An Action Guide for Educators
- Risk Management and Derivatives
- Schaum's Outline of Principles of Accounting I (Schaum's)
- Seeing Systems
Books Index
Books Home
Recommended Books
- Agile Project Management with Scrum
- The Constitution in Exile: How the Federal Government Has Seized Power by Rewriting the Supreme Law
- Mergers and Acquisitions: Business Strategies for Accountants
- Selling China: Foreign Direct Investment During the Reform Era
- Ruby Cookbook
- The Ice Man: Confessions of a Mafia Contract Killer
- The Golden Notebook: Perennial Classics edition
- The Guide to Successful Direct Deposit
- Sitting in the Hot Seat: Leaders and Teams for Critical Incident Management
- The Brutal Language of Love: Stories by
General
| Popular Economics
| Business & Investing
| Subjects
| Books
Heard on the Street: Quantitative Questions from Wall Street Job Interviews
Financial Calculus : An Introduction to Derivative Pricing
Stochastic Calculus for Finance I: The Binomial Asset Pricing Model (Springer Finance)
Stochastic Calculus for Finance II: Continuous-Time Models (Springer Finance)
Fixed Income Securities: Tools for Today's Markets, Second Edition
