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Author: Francis J. Chan
Publisher: John Wiley & Sons
ISBN: 1118282965
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
A practical guide to profiting from the strategies of professional proprietary traders Today's technology allows traders to make faster, more price-sensitive trades and to better read the flow of market information and transactions—opening the way to a wider variety of short-term trading strategies. The Prop Trader's Chronicles unveils these strategies and techniques, which have long been the province of proprietary trading firms and other professional stock traders. This reliable guide describes author Francis Chan's experience as a prop trader in an engaging narrative, but at the same time provides an in-depth explanation of strategies employed by proprietary traders utilizing direct access technologies, Level II quotes, time and sales feeds, and electronic communication networks. Along the way, you'll be introduced to a variety of strategies involved in the rapid day trading of stocks, including: scalping, rebate trading, and advanced reading of time and sales transactions to detect short-term swings. Chang also reveals how to use time and sales data as the modern-day equivalent of 'reading the tape.' Shows active independent traders how they can perform at a higher level by replicating the professional strategies of prop traders Offers valuable insights on how traders can 'read the tape' and better detect short term market swings Describes a variety of prop trading strategies, from electronic scalping to statistical arbitrage The Prop Trader's Chronicles provides a solid foundation for traders looking to improve their performance. With this book as your guide, you'll quickly discover what it really takes to make it in today's competitive markets.
Author: Francis J. Chan
Publisher: John Wiley & Sons
ISBN: 1118282965
Category : Business & Economics
Languages : en
Pages : 152
Get Book Here
Book Description
A practical guide to profiting from the strategies of professional proprietary traders Today's technology allows traders to make faster, more price-sensitive trades and to better read the flow of market information and transactions—opening the way to a wider variety of short-term trading strategies. The Prop Trader's Chronicles unveils these strategies and techniques, which have long been the province of proprietary trading firms and other professional stock traders. This reliable guide describes author Francis Chan's experience as a prop trader in an engaging narrative, but at the same time provides an in-depth explanation of strategies employed by proprietary traders utilizing direct access technologies, Level II quotes, time and sales feeds, and electronic communication networks. Along the way, you'll be introduced to a variety of strategies involved in the rapid day trading of stocks, including: scalping, rebate trading, and advanced reading of time and sales transactions to detect short-term swings. Chang also reveals how to use time and sales data as the modern-day equivalent of 'reading the tape.' Shows active independent traders how they can perform at a higher level by replicating the professional strategies of prop traders Offers valuable insights on how traders can 'read the tape' and better detect short term market swings Describes a variety of prop trading strategies, from electronic scalping to statistical arbitrage The Prop Trader's Chronicles provides a solid foundation for traders looking to improve their performance. With this book as your guide, you'll quickly discover what it really takes to make it in today's competitive markets.
Author: Mike Bellafiore
Publisher: John Wiley & Sons
ISBN: 0470649003
Category : Business & Economics
Languages : en
Pages : 375
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Book Description
An inside look at what it really takes to become a better trader A proprietary trading firm consists of a group of professionals who trade the capital of the firm. Their income and livelihood is generated solely from their ability to take profits consistently out of the markets. The world of prop trading is mentally and emotionally challenging, but offers substantial rewards to the select few who can master this craft called trading. In One Good Trade: Inside the Highly Competitive World of Proprietary Trading, author Mike Bellafiore shares the principles and techniques that have enabled him to navigate the most challenging of markets over the past twelve years. He explains how he has imparted those techniques to an elite desk of traders at the proprietary trading firm he co-founded. In doing so, he lifts the veil on the inner workings of his firm, shedding light on the challenges of prop trading and insight on why traders succeed or fail. An important contribution to trading literature, the book will help all traders by: Emphasizing the development of skills that are critical to success, such as the fundamentals of One Good Trade, Reading the Tape, and finding Stocks In Play Outlining the factors that really make the difference between a consistently profitable trader and one who underperforms Sharing entertaining, hysterical, and page turning stories of traders who have excelled or failed and why, many trained by the author, with an essential trading principle wrapped inside Becoming a better trader takes discipline, skill development, and statistically profitable trading strategies, and this book will show you how to develop all three.
Author: Bin Li
Publisher: World Scientific
ISBN: 9814494240
Category : Business & Economics
Languages : en
Pages : 523
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Book Description
This book addresses selected practical applications and recent developments in the areas of quantitative financial modeling in derivatives instruments, some of which are from the authors' own research and practice. It is written from the viewpoint of financial engineers or practitioners, and, as such, it puts more emphasis on the practical applications of financial mathematics in the real market than the mathematics itself with precise (and tedious) technical conditions. It attempts to combine economic insights with mathematics and modeling so as to help the reader to develop intuitions.Among the modeling and the numerical techniques presented are the practical applications of the martingale theories, such as martingale model factory and martingale resampling and interpolation. In addition, the book addresses the counterparty credit risk modeling, pricing, and arbitraging strategies from the perspective of a front office functionality and a revenue center (rather than merely a risk management functionality), which are relatively recent developments and are of increasing importance. It also discusses various trading structuring strategies and touches upon some popular credit/IR/FX hybrid products, such as PRDC, TARN, Snowballs, Snowbears, CCDS, and credit extinguishers.While the primary scope of this book is the fixed-income market (with further focus on the interest rate market), many of the methodologies presented also apply to other financial markets, such as the credit, equity, foreign exchange, and commodity markets.
Author: Robert C. Miner
Publisher: John Wiley & Sons
ISBN: 0470181664
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
In High Probability Trading Strategies, author and well-known trading educator Robert Miner skillfully outlines every aspect of a practical trading plan–from entry to exit–that he has developed over the course of his distinguished twenty-plus-year career. The result is a complete approach to trading that will allow you to trade confidently in a variety of markets and time frames. Written with the serious trader in mind, this reliable resource details a proven approach to analyzing market behavior, identifying profitable trade setups, and executing and managing trades–from entry to exit.
Author: Oliver L. Velez
Publisher: John Wiley & Sons
ISBN: 1118538366
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
An accessible guide for traders looking to boosting profits in the financial markets from a trading superstar Dubbed “The Messiah of Day Trading” by Dow Jones , Oliver Velez is a world-renowned trader, advisor, entrepreneur and one of the most sought after speakers and teachers on trading the financial markets for a living. His seminars and workshops have been attended by tens of thousands of traders the world over. In this highly-focused and effective trading resource Velez imparts seven key lessons to further any trader’s education. From market basics to managing trades, trading psychology to investment planning, technical analysis and charts to income versus wealth building, these lessons contain powerful insight and advice far beyond anything you’ll find in most introductory trading books. Each section of the book offers clear examples, concise and useful definitions of important terms Includes more than ninety charts illustrating market challenges and opportunities, how to profit from patterns, and much more Written in the parlance of the day trader’s world, this book offers you the experience of being taught trading skills by the best of the best
Author: Steve Ward
Publisher: Harriman House Limited
ISBN: 1906659907
Category : Business & Economics
Languages : en
Pages : 310
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Book Description
High Performance Trading provides proven practical techniques and strategies to help traders of all abilities, experience levels and styles to enhance their trading performance and psychology. Based on practical coaching and training interventions, personal experiences, the latest research and feedback, and advice from leading traders, trading coaches and trading psychologists, this book offers something for everyone who wants to become a better trader. - Discover how to avoid the common pitfalls of trading and how to take the practical steps that can set you up for trading success. - Strengthen your trading discipline as you discover the art of flawless execution. - Develop and hone your mental edge through learning to think like a successful trader. - Programme yourself for trading success with powerful mental conditioning techniques. - Develop unshakeable focus and concentration and learn how to get into the trading zone. - Understand how to achieve and sustain a core of trading confidence. - Learn how to utilise simple techniques to manage your emotional states. - Build resilience to cope with trading stresses, and pressures and manage losses, setbacks and errors. - Move towards greater consistency and success in your trading performance.
Author: Rick Swope
Publisher: John Wiley & Sons
ISBN: 1118237536
Category : Business & Economics
Languages : en
Pages : 185
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Book Description
Get the E*Trade experts' inside track on playing the markets For retail traders, knowing which possible strategies to employ when has always been a challenge. That is, until now. For the first time, popular E*Trade educators Rick Swope and Shawn Howell introduce their two-dimensional scoring system for determining how bullish/bearish a trade setup looks by reading charts. In Trading by Numbers, they present a scoring system that uses a trend score and a volatility score, removing the guesswork and giving you a solid guide to the markets. Based on the score, the authors provide a toolkit of option strategies that are best to execute in each specific situation. Using common indicators and patterns, the book provides analysis for choosing your right strategy while managing risk. Authors Swope and Howell are accomplished market educators and their partners are the leaders in trading and investing, including E*Trade, CBOE, OIC, NYSE, NASDAQ OMX, CME and ISE An easy-to-use guide that will help you make the best decisions in any situation, the book is essential for traders at all levels Trading by Numbers outlines a proprietary market scoring system that helps traders determine the best option strategies to execute in any market climate.
Author: Floyd Upperman
Publisher: John Wiley & Sons
ISBN: 0471779202
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
"Floyd has answered for many in this book a way to both understand and use the Commitment of Traders reports. In my thirty-five years as a registered broker and author of my own book, I find that at times someone takes a complex subject and makes it easier to understand. Floyd has done this with his book. Not only does he make understanding the COT easy, but he ties it to some technical trading ideas that readers can try out, using historical data on their own. Truly another good technical book for those looking to understand this often overlooked subject." -- Ira Epstein, PresidentIra Epstein & Company Futures "For many years, I've had requests from customers seeking information on the Commitment of Traders report but had few resources to which I could refer them. This superb treatment of the subject by Floyd Upperman, full of detailed information and innovative ideas on how to use them [COT] effectively in trading, is the definitive treatment of the subject in my book. I highly recommend it." -- Edward D. Dobson, PresidentTraders Press, Inc. "The Commitment of Traders (COT) can be a very powerful trading tool to help anticipate market direction. But all too often it is misunderstood and/or misinterpreted . . . Floyd's unique analytical interpretations, combined with his trading tools and indicators, will open a door to greater profitability for all traders." -- Walter Bressert, President Walter Bressert, Inc. "If you are interested in capturing major market moves, this is a must-read book." -- Larry Williams, Commodity TraderIreallytrade.com By understanding commercial activity and monitoring its behavior, a trader can potentially forecast significant changes in price direction. Author Floyd Upperman shows you how to use the Commitment of Traders (COT) reports to accomplish this goal. He skillfully explains how to break down the COT data into producers, consumers, and funds so you understand the positions and activities of these key market participants. In addition, he demonstrates how to monitor the COT activity so you can detect position imbalances that could be harbingers of major trend changes and illustrates his techniques for combining traditional technical analysis of price with the COT data.
Author: Mike Bellafiore
Publisher: Pearson Education
ISBN: 0132937646
Category : Business & Economics
Languages : en
Pages : 449
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Book Description
Want to become a truly great trader - either for yourself or for a proprietary trading firm? This book will help you get there. This unique approach is the closest thing to signing up for a "trader boot camp" yourself! You'll learn by watching new traders walk through actual trades, explain what they've tried to do, and try to survive brutally tough expert critiques. One trade at a time, The Playbook reveals how professional traders must think in order to succeed "under fire," how they assess their own performance, and how they work relentlessly to improve. Using concrete, actionable setups drawn from his extensive trading and training experience, Bellafiore walks through an extraordinary array of trades, showing readers how to maximize profits and avoid disastrous hidden pitfalls. He covers support plays, bull-and-bear flags, opening drives, important intraday levels, bounce and fade trades, pullbacks, scalps, technical opportunities, consolidation, relative strength, market trades, and more. He also presents indispensable insights on psychology and trader development, based on his work with hundreds of traders on a major commodity exchange and an elite prop firm's trading desk. Packed with color, personality, and realism, this is an exciting guide to real-world trading.
Author: Irene Aldridge
Publisher: John Wiley and Sons
ISBN: 0470579773
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
A hands-on guide to the fast and ever-changing world of high-frequency, algorithmic trading Financial markets are undergoing rapid innovation due to the continuing proliferation of computer power and algorithms. These developments have created a new investment discipline called high-frequency trading. This book covers all aspects of high-frequency trading, from the business case and formulation of ideas through the development of trading systems to application of capital and subsequent performance evaluation. It also includes numerous quantitative trading strategies, with market microstructure, event arbitrage, and deviations arbitrage discussed in great detail. Contains the tools and techniques needed for building a high-frequency trading system Details the post-trade analysis process, including key performance benchmarks and trade quality evaluation Written by well-known industry professional Irene Aldridge Interest in high-frequency trading has exploded over the past year. This book has what you need to gain a better understanding of how it works and what it takes to apply this approach to your trading endeavors.
