Trade Like A Casino

Author : Richard L. Weissman
Publisher : John Wiley & Sons
Page : 293 pages
File Size : 55,6 Mb
Release : 2011-09-02
Category : Business & Economics
ISBN : 9781118137963

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Trade Like a Casino by Richard L. Weissman Pdf

A detailed look at the common characteristics found in most successful traders While there are a variety of approaches to trading in the financial markets, profitable traders tend to share similar underlying characteristics. Most have a methodology that they believe will prove profitable over the long run and are willing to endure short-term setbacks. If you're looking to make the most of your time in today's markets, you need to understand what separates the best from the rest. And with Trade Like a Casino, you'll gain the knowledge needed to excel at this challenging endeavor. Engaging and informative, this reliable guide identifies and explains the key techniques and mental processes characteristic of successful traders. It reveals that successful traders operate very much like a casino in that they develop a method that gives them "positive expectancy" and they unflappably implement the method in the face of changing, and oftentimes volatile, market conditions. Page by page, the book explores the intricacies of methodology, mental control, and flexibility that allow traders to develop and maintain the casino-like edge. Reveals how many successful traders tend to follow the same general principles, even if their approach to trading may differ Explores how to account for the risk of being wrong and the market moving against you Discusses how to develop an approach that combines trade selection with sound risk management, avoids emotional attachment to positions, exploits volatility cycles, and focuses on market action Regardless of how you approach markets, the insights found here will help improve the way you trade by putting you in a better position to distinguish the differences between successful and unsuccessful traders.

Author : Richard L. Weissman
Publisher : John Wiley & Sons
Page : 241 pages
File Size : 55,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 9780471654353

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Mechanical Trading Systems by Richard L. Weissman Pdf

It also provides a detailed examination of the personality traits common to the three basic types of trader - trend-following (long to intermediate term), mean reversion (intermediate-term), and short-term (swing and day traders) - and illustrates how a strict adherence to specific types of trading systems can foster a psychological flexibility that will allow you to succeed in all kinds of trading environments: countertrending, choppy, or trending."--Jacket.

Author : Mark Douglas
Publisher : Penguin
Page : 240 pages
File Size : 53,5 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 9781440625411

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Trading in the Zone by Mark Douglas Pdf

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.

Author : Dr. Russell Richards
Publisher : Xlibris Corporation
Page : 363 pages
File Size : 47,6 Mb
Release : 2017-01-23
Category : Computers
ISBN : 9781524538170

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Trade Options with an Edge by Dr. Russell Richards Pdf

Would you like to have success in trading options much like the success of a casino that consistently grinds out profits each day? Casinos are successful because they have a definite probability edge on every gambling opportunity that they offer. They rely on the law of large numbers to guarantee that their probability edge will produce profits. When trading options, you can also do this if you have an edge. This book will show you how to get an edge in your options trading. Then, like the casinos, your edge will translate into small but consistent gains. The book will show you how to best exploit your edge, and it will guide you in the selection of the equity that you trade, selection of the strategy, selection of the strikes and expiration cycle, sizing and placing the trade, monitoring progress, and managing the trade. The book covers basic information about options including all of the common strategies, the option pricing model, and the greeks. It then discusses six sources of edge for sellers of option premium. Then it shows the reader how to select equities that take advantage of the combined edge, how to decide on the best strategy, how to determine the risk and to size the trade, how to place the order, and how to monitor and manage the trade. Each decision can be totally mechanical, based on the values of one or more metrics. And the software provided with the book computes all of the metrics that you will need. If you follow the approach described in this book, I believe you will be able to achieve profits of 1 percent to 2 percent or more each month in markets that are moving up, down, or going nowhere.

Author : Kerry W. Given
Publisher : John Wiley & Sons
Page : 224 pages
File Size : 53,5 Mb
Release : 2010-12-23
Category : Business & Economics
ISBN : 0470947322

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No-Hype Options Trading by Kerry W. Given Pdf

A straightforward guide to successfully trading options Options provide traders and investors with a wide range of strategies to lock in profits, reduce risk, generate income, or speculate on market direction. However, they are complex instruments and can be difficult to master if misunderstood. No-Hype Options Trading offers the straight truth on how to trade the options market. In it, author Kerry Given provides realistic strategies to consistently generate income every month, while debunking many myths about options trading that tend to lead retail traders astray. Along the way, he makes a conscious effort to avoid complex strategies that are appropriate only for market makers or professional traders, and instead focuses on low-risk strategies that can be easily implemented and managed by a part-time trader. Shows how you can use option spreads in conjunction with stocks to produce a regular stream of income Each chapter includes exercises to help you master the material presented Examines how you can adjust option positions as market conditions change in order to maintain an optimal risk/reward profile Written for anyone interested in successfully trading options, this reliable resource cuts through the hype and misinformation that surrounds options trading and presents a realistic path to profits.

Author : Brent Penfold
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 50,9 Mb
Release : 2010-08-24
Category : Business & Economics
ISBN : 9780470826171

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The Universal Principles of Successful Trading by Brent Penfold Pdf

The Universal Principles of Successful Trading clearly and unambiguously articulates trading principles that distinguish the winners from the losers. Though trading can be performed in different markets, across different timeframes, and with different instruments based upon different techniques, there is one common thread that ties all winning traders together: the universal principles of successful trading. All consistently profitable traders adhere to them regardless of the markets, timeframes, and techniques. In this ground-breaking book from top trader, Brent Penfold, the reader will: Learn how to develop a trading plan Learn how to identify and create an effective methodology Discover successful money management strategies Understand trader psychology And many more exciting trading and strategies secrets. Supporting the universal principles are rare interviews from a diverse group of successful traders. Some are the new young guns of trading and others are market legends who are trading just as actively today as they were over 50 years ago. They represent a diverse group of traders from the United Kingdom, America, Singapore, Hong Kong, Italy, and Australia. All of them have generously agreed to offer the reader one singularly powerful piece of advice to help them towards their trading goals. Each piece of advice emphasizes an essential element of the universal principles. This timely and exciting book from Brent Penfold has already garnered many accolades and looks set to become a modern-day classic.

Author : Alexander Elder
Publisher : John Wiley & Sons
Page : 308 pages
File Size : 53,6 Mb
Release : 1993-03-22
Category : Business & Economics
ISBN : 0471592242

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Trading for a Living by Alexander Elder Pdf

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.

Author : John Grochowski
Publisher : Bonus Books, Inc.
Page : 260 pages
File Size : 48,5 Mb
Release : 1998
Category : Blackjack (Game)
ISBN : 1566251079

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The Casino Answer Book by John Grochowski Pdf

In casino gambling there's a house advantage built into every game. John Grochowski shows you how to beat that advantage and increase your winning odds in three of the most popular casino games (blackjack, video poker, and roulette).

Author : Steve Burns,Holly Burns
Publisher : Createspace Independent Publishing Platform
Page : 132 pages
File Size : 54,7 Mb
Release : 2017-11-21
Category : Electronic
ISBN : 1979955808

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New Trader Rich Trader by Steve Burns,Holly Burns Pdf

As the price fell to $9.30, then $9.25, New Trader felt an adrenaline rush as he keyed in the stock symbol, and '1000' beside quantity. His heart pounded in his chest as he clicked his mouse to refresh and see his current positions. His account screen refreshed: 1000 shares SRRS BUY Executed $9.35 "$9.35?!" New Trader shrieked. Looking at his real-time streamer, he froze. The current quote was $9.10. He felt sick. "I...I just lost $250?! It takes me an entire weekend of delivering pizzas to make $250," Fear gripped his stomach, wrenching it into a knot. It felt like he'd been robbed. Join New Trader on his journey and learn what it takes to be successful in the stock market. Learn about trading psychology, risk management, and methodology in this completely updated and revised timeless classic! "Steve has crafted an easy-to-read tutorial on avoiding the most common mistakes made by new traders. Save yourself years of heartache and buy this book and do your homework. New Trader, Rich Trader should be mandatory reading for the novice investor." -Kenneth Lee, author of "Trouncing the Dow"

Author : Andy Martello
Publisher : Just a Martello Books
Page : 304 pages
File Size : 53,5 Mb
Release : 2014-01-04
Category : Businessmen
ISBN : 0615894593

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The King of Casinos by Andy Martello Pdf

WINNER OF 12 LITERARY AND DESIGN AWARDS! The unreal but TRUE story of the unknown casino that changed Las Vegas forever! After a horrific blaze destroyed Willie Martello's El Rey Club in 1962, fifty years would pass before anyone knew of how that casino and one-time brothel influenced LAS VEGAS casinos, upset the mob, and inadvertently launched the career of Francis Ford Coppola. Were it not for the chance discovery of a single photo in a Las Vegas museum, the El Rey Club would only be known as the seedy brothel where Senator Harry Reid learned to swim. Martello's accomplishments should place him among magnates like Howard Hughes or Steve Wynn, yet very few know his name. Featuring over 140 rare or unseen photos, these vibrant stories are now brought to light! ------------------------------------------------------------------- "Who else could tell the story of Willie Martello? The rare photos alone are worth the price of admission. My only regret is that I didn't write this book." -Robert Graysmith, New York Times Bestselling Author of Zodiac, Auto-Focus, and Black Fire "Quick, funny, and extremely intelligent!" -Mark L. Walberg,Host, Antiques Roadshow (PBS) "A literal time machine...a read that not only unleashes the imagination, but authenticates the splendor of Las Vegas' golden years." -Todd Newton,Emmy-winning game show host, author, and Las Vegas performer "Andy Martello has written a fascinating biography of Willie Martello. It is a long-awaited addition to my Nevada history shelf." -Mark Hall-Patton,Clark County Museum System Administrator,Pawn Stars, American Restoration (The History Channel) "LONG LIVE WILLIE MARTELLO!" -Richard B. Taylor,Author, historian, Las Vegas casino owner WINNER! 2014 International Book, 2014 USA Best Book Awards, Florida Book Festival, Great Southwest Book Festival WINNER! Silver Medals, 2014 Readers' Favorite International Book Awards, 2014 American Advertising Awards for book design (The ADDYs) FINALIST! Best New Non-Fiction, USA Best Book Awards, 2014 Red City Review Book Awards RUNNER-UP! 2014 Hollywood and Beach Book Festivals HONORABLE MENTION!, Great Midwest and Southern California Book Festivals

Author : Ken Bednar
Publisher : Createspace Independent Pub
Page : 108 pages
File Size : 49,8 Mb
Release : 2013-03-29
Category : Business & Economics
ISBN : 1483908089

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The Day Trading Illusion by Ken Bednar Pdf

The author will expose you to the myths, lies, manipulations, deceptions and facts of day trading and swing trading. If want to trade the stock markets then you should at least know what you are getting in to. When it comes to trading the markets I have two rules. One, never ever believe anything you read, see or hear on the Internet. And Two, never ever believe anything you read, see or hear on the Internet. There are thousands of books on Day Trading and Swing Trading for sale that promise to make you a successful trader. They will not. There are thousands of different trading systems, trading strategies, and trading indicators for sale on the Internet that also claim to make you a winning trader if you buy them. They will not. There are many trading services that promise to give you winning trading signals. They will not. Now throw in the many trading platforms complete with all the fancy and colorful graphs, indicators and charts that are eager and waiting for you to place your orders so they can make a commission on every trade you make. With all these so called successful traders teaching you, how could anyone ever lose right? Yet, facts are, most day traders and swing traders lose their entire trading account within six months to one year. There is no secret indicator. There is no guaranteed winning trading system. There is no secret "code" for beating the market. These are all ILLUSIONS by the trading establishment to take your hard earned money.The author will explain details on an easy to understand personal level and open your eyes to the real world that most day and swing traders will see.

Author : Jim Kilby,Jim Fox,Anthony F. Lucas
Publisher : Wiley
Page : 416 pages
File Size : 41,9 Mb
Release : 2006-06-12
Category : Business & Economics
ISBN : 9780470073643

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Casino Operations Management by Jim Kilby,Jim Fox,Anthony F. Lucas Pdf

Complete guidance to the ins and outs of gaming operations Management personnel need a thorough understanding of the business side of the casino industry to ensure profits???and to avoid losses. It's a sure bet that Casino Operations Management, Second Edition will help current and future gaming management professionals better serve any casino. Written by experts with over 65 years of combined experience in the field, this Second Edition offers all the critical skills and know-how to equip gaming and casino operators with the knowledge needed for the management office, cage operations, and table game and slot operations. This updated edition features detailed coverage of: Current high-roller marketing tactics and their effect on profitability The effect of popular money management systems on casino profits The initial development process of an Indian casino Studies designed to identify the patronage motives of gamblers, including those of riverboat customers Slot club design: player rating issues, point accumulation schemes, and more Principles of casino floor design: managing table game and slot location Studies designed to measure the profit contribution of popular slot promotions Casino Operations Management, Second Edition uses simplified mathematics and statistics throughout, and provides readers with a thorough understanding of all aspects of the casino industry business. It is a must-have reference for students and casinos that develop managers internally.

Author : Mark Minervini
Publisher : Unknown
Page : 260 pages
File Size : 54,6 Mb
Release : 2016-08-01
Category : Electronic
ISBN : 0996307931

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Think and Trade Like a Champion by Mark Minervini Pdf

Author : Mark Douglas
Publisher : Penguin
Page : 252 pages
File Size : 44,7 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 0735201447

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Trading in the Zone by Mark Douglas Pdf

Trading in the Zone introduces a whole new mental dimension to getting an edge on the market. Use it to leverage the power of the “zone” for unprecedented profit. Mark Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.

Author : Richard Smitten
Publisher : John Wiley & Sons
Page : 288 pages
File Size : 53,6 Mb
Release : 2004-11-11
Category : Business & Economics
ISBN : 9780471704423

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Trade Like Jesse Livermore by Richard Smitten Pdf

The secret to Jesse Livermore's legendary trading success Although he began his career in 1892, Jesse Livermore is stillconsidered to be one of the world's greatest traders. In life andin death, Livermore has always been a controversial figure and hismethods held up as a model for traders of all generations. Through45 years of trading and market observation, Jesse Livermoredetermined that stocks and stock markets move in a series ofrepetitive patterns. He then developed a series of unique tools,using secret formulas and equations that allowed him to identifyand interpret the movement in stocks with uncanny reliability. InTrade Like Jesse Livermore, author Richard Smitten explores thetechnical aspects of Livermore's trading approach and shows readershow they can use these techniques to garner the success Livermoreonce did. Trade Like Jesse Livermore covers every aspect ofLivermore's trading methods, from discerning market behavior andtrends such as top-down and tandem trading to paying closeattention to indicators such as one-day reversals and spikes. Withthis book as their guide, readers can learn how to trade profitablywithout fear or greed. Richard Smitten (New Orleans, LA) is the author of numerous booksincluding Jesse Livermore: World's Greatest Stock Trader(0-471-02326-4), The Godmother, Capital Crimes, and Legal Tender.