Something Interesting to Read July 2015 - page 2

 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read March 2014

Sergey Golubev, 2014.03.04 17:27

The Goal: A Process of Ongoing Improvement Paperback
by Eliyahu M. Goldratt


Revised third edition!

Alex Rogo is the manager of a failing manufacturing plant who receives an ultimatum from corporate headquarters: Turn the situation around in three months or the plant will be scrapped. With help from a mysterious mentor, Rogo discovers a revolutionary new way to do business—a way for people in any field of endeavor to increase productivity, profitability, and personal fulfillment.

A business book disguised as a novel, a love story about the manufacturing process, and an exhilarating adventure in human potential, The Goal is changing how America does business. First published in 1984, it became an underground bestseller; today it's used by thousands of companies and taught in hundreds of business schools. Includes the author's personal story, "My Saga."

This third edition includes case study interviews. Professional readers recreate interviews that David Whitford, Editor at Large with Fortune Small Business, conducts with the author Eli Goldratt and with business professionals from General Motors, Thomson-Shore, Security Federal Banks and others who put the principles of The Goal into action.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read July 2014

Muhammad Syamil Bin Abdullah, 2014.07.01 15:42

The Problem of HFT - Collected Writings on High Frequency Trading & Stock Market Structure Reform : Haim Bodek


This book explores the problem of high frequency trading (HFT) as well as the need for US stock market reform. This collection of previously published and unpublished materials includes the following articles and white papers:


1. The Problem of HFT - explains how HFTs came to dominate US equity markets by exploiting artificial advantages introduced by electronic exchanges that catered to HFT strategies

2. HFT Scalping Strategies - describes the primary features of modern HFT strategies currently active in US equities as well as the benefits these strategies extract from the maker-taker market model and the regulatory framework of the national market system

3. Why HFTs Have an Advantage - explains the critical importance of HFT-oriented special order types and exchange order matching engine practices in the operation of modern HFT strategies

4. HFT - A Systemic Issue - a discussion of the latest industry and regulatory developments with regard to exchange order matching practices that serve to advantage HFTs over the public customer

5. Electronic Liquidity Strategy - proposes a conceptual framework for institutional traders to achieve superior execution performance in HFT-oriented electronic market venues

6. Reforming the National Market System - proposes a 10-step plan for strengthening the operation of the US equities marketplace in order to serve the needs of long-term investors

7. NZZ Interview with Haim Bodek - addresses current topics and proposals for US equities market structure reforms

8. TradeTech Interview with Haim Bodek - addresses the current status of the HFT special order type debate


Biography


Haim Bodek is a Managing Principal of Decimus Capital Markets, LLC, a tactical consulting and strategic advisory firm focused on high frequency trading and US equities market structure.


Mr. Bodek was formerly a founder and Chief Executive Officer of Trading Machines LLC, an independent high frequency options trading firm. Prior to TM, Mr. Bodek was a Managing Director and Joint Global Head of Electronic Volatility Trading at UBS Investment Bank. He is an electronic trading executive and algorithmic trading strategist with 15 years of experience in the automated trading space.

Mr. Bodek's career, experiences, and advocacy for US stock market regulatory reform are described extensively in Dark Pools by Scott Patterson, freelance writer and staff reporter for The Wall Street Journal.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read April 2014

Sergey Golubev, 2014.04.17 18:45

Trading for a Living: Psychology, Trading Tactics, Money Management

by Alexander Elder




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
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.

===========================

Interview with Dr. Alexander Elder: "I want to be a psychiatrist in the market"

MQL5 Cookbook: Developing a Framework for a Trading System Based on the Triple Screen Strategy




 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read December 2013

Sergey Golubev, 2013.12.19 12:51

Simplifying Forex: Beginner to Professional in 3,000 words by Diego Jose Villegas Delgado



This book contains all that is needed to understand the Forex market and simplifies the learning process of currency trading online.

From a professional perspective based on years of experience, analyzes the factors that generate reliable investment opportunities and guidelines to follow for beginners can develop quickly, genuine trading systems able to dominate the world's biggest financial market.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read December 2014

Sergey Golubev, 2014.12.03 06:06

Super Trader, Expanded Edition: Make Consistent Profits in Good and Bad Markets
by Van Tharp


Think like a trader. Act like a trader. Become a Super Trader.

"Let your profits run!" It's the golden rule by which all Super Traders live. With the help of investing guru Dr. Van K. Tharp, you can join the ranks of full-time traders who consistently master the market.

Super Trader provides a time-tested strategy for creating the conditions that allow you to reach levels of trading success you never thought possible. Providing expert insight into both trading practices and psychology, Tharp teaches you how to steadily cut losses short and meet your investment goals through the use of position sizing strategies--the keys to steady profitability. Tharp offers concepts and tactics designed to help you:

  • CREATE AND MEET YOUR SPECIFIC
  • UNDERSTAND THE BIG PICTURE
  • CONQUER COUNTERPRODUCTIVE THINKING
  • MASTER THE ART OF POSITION SIZING STRATEGIES

With Tharp's proven methods, you can live the dream of enjoying above-average profits under various market conditions--up, down, and sideways. Tharp's wisdom, perspective, and tactical expertise are legendary in the world of trading. Follow the master down the path to trading excellence with Super Trader.

How do you transform yourself from a mild-mannered investor into a proactive trader who outperforms the market day-in and day-out. Think clearly. Plan accordingly. Commit completely. In other words, become a trader. No one is better suited to help you make the transformation than legendary trading educator Dr. Van K. Tharp.

Combining the sharp insight and technical brilliance that have drawn legions of investors to his books and seminars, Tharp provides a holistic approach for becoming a successful full-time trader. His system--a meld of investing psychology and sound trading practice--is the secret to achieving optimum conditions that produce results in both bull and bear markets.

Using the lessons of Super Trader, you will approach trading as you would a small business--realistically, systematically, and enthusiastically. Drawing on his decades of experience, Tharp has created a simple plan designed to help anyone successfully navigate the market that includes the following:

  • Mastering the psychology of trading
  • Crafting a "business plan"--a working document to guide your trading
  • Developing a trading system tailored to your personal needs and skills
  • Creating position sizing strategies to meet your objectives
  • Monitoring yourself constantly to minimize mistakes You can put this plan to use immediately.

Throughout the book, Tharp raises the pertinent questions you must ask yourself about becoming a trader, being a trader, and succeeding as a trader.

The rewards that come with being a Super Trader--both financial and personal--make you feel as if you can leap small buildings in a single bound.

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