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TRADE LIKE A CASINO: FIND YOUR EDGE, MANAGE RISK, AND WIN LIKE THE HOUSE

> Casino Management > TRADE LIKE A CASINO: FIND YOUR EDGE, MANAGE RISK, AND WIN LIKE THE HOUSE

 
$75.00
Item #:
2206
ISBN:
9780470933091
Author:
Richard L. Weissman
Qty:
 
 
 
 
Description
Product Reviews
While trading is a difficult endeavor, it's still possible to make money doing so in today's markets. The real question is: How can you achieve this goal? What is required is adapting a successful existing business model to this speculative arena. The model that makes most sense is the "casino paradigm" and nobody understands it better than author Richard Weissman - a professional trader with over fifteen years of experience consulting and training traders and risk managers. And now, with 'Trade Like a Casino', he reveals how successful traders tend to operate like a casino in that they develop a method that gives them "positive expectancy" and then unflappably implement their approach in the face of changing, and oftentimes volatile, market conditions. Page by page, this reliable resource explores the intricacies of methodology, mental control, and flexibility that allow traders to develop and maintain a casino-like edge. It also addresses some of the more complex issues that surround this model of successful speculative trading. Divided into three comprehensive parts, 'Trade Like a Casino' skillfully: Introduces the casino paradigm of trading with respect to the development of positive expectancy models, price risk management, and trader discipline, Reveals the best-kept secret in trading, the cyclical nature of volatility, and offers insights on the tools needed to measure it, Discusses the importance of timeframe analysis and one of the most important tools associated with it - time frame divergence, Highlights a wide array of positive expectancy trend-following and mean reversion trading models, Covers common trading pitfalls and how to transcend them as well as a wide variety of techniques for analyzing and improving trader performance, and Examines the psychological mindset required to succeed with a positive expectancy model. Successful traders don't need luck, since they consistently play the probabilities and manage risk. That's how casinos win, and with this book as your guide, that's how you'll learn to win in today's dynamic markets. Indexed 270 Pages Hardbound 2011
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