Looking for a book
- Thread starter lindsayf
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I have just started reading TRADING THE SPI: A GUIDE TO TRADING INDEX FUTURES IN AUSTRALIA. It was written by Brent Penfold in 2005. I got it from my local library.
arco
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You should be able to get it locally - try any Borders, Dymocks or Moneybags.
(I've seen lots of copies in Borders/Dymocks in Brisbane)
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Or try Educated Investor Bookshop, 500 Collins Street, Melbourne.
Howard
Howard
professor_frink
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or even better, support Joe and the site by buying it from the ASF bookshop
http://www.moneybags.com.au/default.asp?d=0&t=1&id=4945&c=0&a=74
http://www.moneybags.com.au/default.asp?d=0&t=1&id=4945&c=0&a=74
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I am also looking for some books.....
Just wondering if anyone has any good, I guess biography type books?
I'm not interested in reading for any specific technical info but more for a good enjoyable (and motivating) read.
I've read
"Reminiscences of a stock operator"
"How i made 2,000,000 in stock market"
"Liar's Poker"
I haven't read "The Wolf of Wall Street" yet...
any others that stand out?
Just wondering if anyone has any good, I guess biography type books?
I'm not interested in reading for any specific technical info but more for a good enjoyable (and motivating) read.
I've read
"Reminiscences of a stock operator"
"How i made 2,000,000 in stock market"
"Liar's Poker"
I haven't read "The Wolf of Wall Street" yet...
any others that stand out?
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Whats your take on the book so far???
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This guy (link below) is a bit of a stand out, IMO, regarding SPI futures trading. I don't understand about 1/2 of it, but many others here would. The bits I do understand, I find very interesting.
http://www.camron.com.au/
http://www.camron.com.au/
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Thanks GB will have a bit of a look ! Have you read Penfolds book, if so any thoughts?
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nope, I don't trade futures. I just liked camron's website because it goes into detail about aspects of trading that are not commonly known. Things that I can apply to stock trading.
Timmy
white swans need love too
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I enjoyed and got a lot out of Pit Bull by Martin S. Schwartz.
Timmy
white swans need love too
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Good link.
He has been around for a long time and has even posted to ASF a few times.
Well worth a visit to his site.
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Can I please get some recommendations for the best money management books that you have read?
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Hi Pavilion --
For basics, read any or all of Ralph Vince's books. As you go through all five of them, there is some duplication and repetition. Van Tharp's books are also worth while.
However, neither of them, nor any other author, takes into account that the characteristics of a trading system change as the logic of the system and the data it processes swing in and out of synchronization -- and as a consequence as the profit potential and risk change. Also, neither looks at the distribution of results -- rather than single values such as average trade, maximum drawdown, and largest losing trade.
My latest book, Modeling Trading System Performance, discusses all of those. It asks "Is the system working or is it broken?" and gives some methods for testing. If a system is broken, then the proper position size is zero. If a system is working, then an analysis of the distribution of trades (or equity changes) allows estimates of drawdown and profit potential. Using your own tolerance for drawdown, it explains how to set position size to maximize account growth while keeping drawdown to an acceptable limit with acceptable risk.
The analysis is done using Excel and is independent of how the list of trades is produced. They can come from discretionary trading, systematic trading, real results, or hypothetical. An Excel add-in that manages Monte Carlo simulations is provided.
MTSP is a guide to treating trading as a business. How equity growth depends on the initial size of the account, mean gain per trade, frequency of trading, expectations of risk and reward over a period of time, etc. It describes a useful metric that combines distribution of results, potential for profit, and risk of drawdown to allow comparison of systems and position sizing to help determine whether a system is worth trading.
Thanks for listening,
Howard
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Has anyone read, "The Big Short"? It seems to have gotten good reviews.
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It's interesting and a good story...surprising how out of control some of the large financials are. I guess that is naiveté on my part, so I would rate it 7/10 - no learning potential really, but it has a good story (a little disjointed), overall a good insight into a bit of what happened during the GFC.
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Yeh, I'm not really after an educational book, just an interesting read.
What do people think about Crashproof?? Is this more of a story/easy read or a bit heavy?
A mate has got this one. It is similar style to "The Big Short"? Which one do people recommend to read?
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Greetings --
There is an extensive list of books related to trading on my website:
http://www.blueowlpress.com/WordPress/
Click on the "Resources" link in the blue bar along the top. Then click on the "books" link to go directly to the list of books and articles.
The "Blogs worth exploring" might be interesting as well.
Thanks,
Howard
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