Book Description
The concise, common-sense insights of a day trading pro
Some traders spend thousands of dollars attending training seminars. If you don't have the time or resources for that, pick up Rules of the Trade instead. This reliable, no-nonsense guide distills the insights of several online trading experts into one short, quick, and easy-to-read book that not only lists the rules, but explains what the rules mean, why they’re important—and the high costs of overlooking them even once.
Packed with real-life examples to illustrate key points, this book— written by David S. Nassar, author of the bestseller
How to Get Started in Electronic Day Trading
-- will teach you the basic rules of survival, help you preserve capital, learn the ropes, and go on to succeed in this lucrative but volatile profession.
Download Description
The national best-selling author brings his latest, offering the key rules and tips you need to succeed in electronic trading.
Customer Reviews:
One of the best.......2006-03-27
I have read lots, and lots, and lots, of trading books. Most of them are not that great but contain a few valuable nuggets here and there, so they are all worth reading to me.
This book is nothing BUT valuable nuggets. It is well thought-out and well written by a widely recognized successful trader/trainer/manager. It really captures the essence of what short-term trading is all about, of which daytrading is a major component. It's a trading book for traders by a trader. Those just wanting to swing-trade, well, ...good luck. Professional traders trade, period. Good swing trades are found by actively trading, from a daytrading perspective.
Yes, the trading landscape has changed when we went to decimals - for the better! What is discussed in this work transcends the eras. Therefore I consider it to be a 5-star classic. It is not for beginners, it is for stock traders who are constantly wanting to improve. It does not give specific trading set-up tactics that become outdated.
Not much has fundamentally changed in the markets since the tech bubble. Those mastering the concepts in this book will be ready to get rich from the next wave of irrationality in the market, whichever way it goes, and in the meantime can still make a nice living. It belongs on your shelf if you are serious.
[...]
A NEW EDITION WOULD BE WELLCOME.......2006-02-25
Before all I want to say that many topics are given for granted and I find the book not really easy for a beginner. Markets have changed a lot since this book was written and many chapters need revision having in mind that many readers are non native speakers of english and have no idea of many topics given for granted
another nassar piece of garbage.......2005-12-30
if you read these books and follow his fluff then you will be robbed of your money by professionals like me. trading takes advanced and sophisticated methods not capable of being properly expressed in a book targeted to the masses. people spend years educating themselves to be able to pick money from the inexperianced, like those who buy this book. best of luck and you can find good use for the book proping up a table of starting a fire after your done reading it
Mismatch between Title, book description and content.......2004-01-06
I bought the book based on excellent reviews here and very attractive description.
However, I have been very disappointed because the content does not reflect the attractive title and description. The book is almost 100% for daytraders trading with level II screen. This is not said anywhere. "Online" does not mean exclusively daytrading to my opinion. It keeps on repeating "be disciplined" to fill space. One of the example of trade record given does not fit the explanation given in the text. For example, the trader made most of his profit in a single swing trade lasting several days whereas Nassar wants to show us that the guy is a good daytrader...
Another interesting thing: This book is not for beginners but it describes in fact very general basic rules... in a tough style that assumes that the reader already knows almost eveything.
When you read the table of contents, it looks great: how to enter, to exit, etc... but none of this is given in the book. No techniques are given.
Conclusion: This book could be fine if the description was fitting the content. It is for daytrader watching level II screen and who trade instinctively.
not particularly useful.......2003-09-19
Although this book has a copyright date of 2001, it apparently was written in early 2000, just at the start of the NASDAQ crash that ultimately resulted in a loss of over 75 percent of its value. Consequently, the author refers to a period of time when stocks traded in fractions, and high-flying tech stocks trading in the triple digits were "momentum" traded by daytraders. After the crash, many of those tech stocks trade in the single digits, all stocks now trade in decimals, and the "momentum" daytraders and their daytrading brokerage firms are now history. The author makes numerous references to "shadowing the axe" using Level II quotes to determine who is on the inside ask or bid. Nowadays, ECNs virtually always sit on the inside ask and bid, making it impossible to utilize that strategy. Even if a market maker had a large enough position to sit in front of the ECNs, he most likely would route much of his order to an ECN where it would appear anonymously in order to disguise his intentions.
The problem with writing a book about trading strategies or systems is that the markets are constantly changing, and trading systems become obsolete and must evolve over time. What doesn't change is the emotions and psychology of the people who compose the markets. The author states numerous times that trading is about 90 percent mental. While this is in fact correct, he then only briefly touches on the mental and psychological barriers that must be overcome in order to trade successfully. The best books on trading understand this, and are devoted almost totally to this subject.
There are also numerous inaccuracies. At one point, he details a month of trades from an "anonymous" daytrader who allegedly made 731 trades during the month, of which 377 were winners, with those trades averaging $93.03 profit. He then claims the trader netted $68,001.35 for the month. If you think about it for a minute, this is a mathematical impossibility. Also, he makes the typical mistake in believing a broadband connection is necessary to receive timely streaming quotations. Broadband speeds up downloads only with large size files. Streaming quotes do not fall into this category. I have timed my quotations against a T1 connection using an atomic clock accurate to 1 millionth of a second and have detected no difference. I do not use broadband, as it is not available in my area.
If in fact the author is a successful trader, it would have been much more productive for him to detail his own evolution as a trader, as well as the evolution of other specific successful traders he has known. This is the information that would be most useful to new traders. Unfortunately, the author only briefly discusses a few of his own trades, and gives no information whatsoever on the path he traveled to reach competence, assuming he has reached that level. It would also be interesting to see how he is trading in the post-bubble market, if in fact he is still trading successfully.
Book Description
Time series analysis has undergone many changes during recent years with the advent of unit roots and cointegration. This textbook by G. S. Maddala and In-Moo Kim is based on a successful lecture program and provides a comprehensive review of these topics as well as structural change. G. S. Maddala is one of the most distinguished writers of graduate and undergraduate econometrics textbooks today and Unit Roots, Cointegration and Structural Change represents a major contribution that will be of interest both to specialists and graduate and undergraduate students.
Customer Reviews:
Very Helpful.......2007-01-11
This book is very helpful in case that your aim is to construct a basement for unit root and cointegration study. The language of the book is clear and easy to follow. Besides the introduction and explanation of different methods, it compares different methods by using recent empirical studies.
Very good high level introduction book.......2005-12-18
This book gives very good high level semi-technical review and introduction on the many different techniques in the areas of unit root and cointegration. This is a good starting point if you want to get into this new area. It also lists quite complete references based on which you can start your development and research work.
modern econometrics with latest developments.......2001-07-03
This is a book on specialized topics in econometric modeling. Like Franses recent book it deals with ARIMA models with unit roots and advances in the theory of cointegration. This book is somewhat advanced but is perfect for the right audience, the statisticians and econometricians that deal with time series modeling (univariate and multivariate ) and structural equation modeling.
The asymptotic theory is well covered but the unique feature of the book is that it points out that the asymptotics can give very poor approximations in small to moderate sample sizes. The authors provide alternatives including the use of the bootstrap for standard error estimates, confidence bounds and hypothesis testing (particularly tests for unit roots).
It is clear and covers the important literature. Much like Franses book it covers bootstrap and Bayesian methods and really does provide a current and useful approach to important problems and methodology in econometrics.
It could be used for a special topics graduate course or as a supplement to a graduate course in econometrics.
Excellent Book.......2000-08-19
Excellent book
This one of the best book about cointegration.
Intuition behind modern time series analysis.......2000-04-24
This book is extremely well written. It gives a good intuition behind unit roots and cointegration. It tells us to be critical when it comes to unit roots and cointegration; they are not very powerful in a statistical sense. The authors warn of using such techniques blindly. This book is a good start for an intuitive feel after a tough Time Series course where one is all entangled in sophisticated statistical techniques.It is also a good book for the professional economist not very knowlegeable in time series econometrics. I personally learned a lot from that book and it increased my critical capacity when it comes to econometrics.
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Structural Economics: Measuring Change in Technology, Lifestyles, and the Environment
Faye Duchin
Manufacturer: Island Press
ProductGroup: Book
Binding: Hardcover
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ASIN: 1559636068 |
Book Description
In all societies, the main causes of environmental degradation are resource extraction and the generation of wastes by households and industries. Realistic strategies for mitigating these impacts require an understanding of both the technologies by which resources are transformed into products, and the lifestyle choices that shape household use of such products.
Structural Economics provides a framework for developing and evaluating such strategies. It represents an important new approach to describing household lifestyles and technological choices, the relationships between them, and their impact on resource use and waste. In this volume, economist Faye Duchin provides for the first time an authoritative and comprehensive introduction to the field, including its social as well as its technological dimensions. The presentation is accessible to non-specialists while also including a substantial amount of new research.
Duchin's primary achievement is to integrate a qualitatively rich understanding of technologies and lifestyles into a flexible, quantitative framework grounded in established principles of input-output economics and social accounting. She uses tools and insights from areas as diverse as demography and market research to conceptualize and describe different categories of households and their lifestyles. She also draws on the expertise of engineers and physical scientists to examine the potential for technological change. The framework Duchin develops permits the rigorous and detailed analysis of specific scenarios for alternative technologies and changes in lifestyle. The author uses the case of Indonesia for illustration and to refine new concepts by testing their relevance against factual information.
The new field of structural economics represents an important step forward in the effort to apply the power of science to solving the problems of modern societies. This book should prove invaluable to students and scholars of economics, sociology, or anthropology, as well as environmental scientists, policymakers at all levels, and anyone concerned with a practical interpretation of the elusive concept of sustainable development.
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Econometrics and Structural Change (Statistics: a Series of Textbooks and Monogrphs)
Lyle Broemeling
Manufacturer: CRC
ProductGroup: Book
Binding: Hardcover
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ASIN: 0824775007 |
Book Description
This digital document is a journal article from Journal of Econometrics, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper develops structural change tests in the continuous updating GMM framework that are robust to weak identification. We propose likelihood ratio-like, Anderson-Rubin [1949. Estimation of the parameters of a single equation in a complete system of stochastic equations. Annals of Mathematical Statistics 20, 46-63], and Kleinbergen [2005. Testing parameters in GMM without assuming that they are identified. Manuscript. Brown University] types of tests. Since the limits of the test statistics are not nuisance parameter free, bounds for the limit of the test statistics are derived. The bounds are nuisance parameter free and robust to identification problems. Simulations show that the Anderson-Rubin (1949) and Kleinbergen [2005. Testing parameters in GMM without assuming that they are identified. Manuscript. Brown University] type of tests have very good small sample properties. In the case of weak instruments, the sup LM test of Andrews [1993a. Tests for parameter instability and structural change with unknown change point. Econometrica 61, 821-856] rejects the true null of parameter stability more than the nominal level, and, also has low power in the weak instrument setup.
Book Description
This digital document is a journal article from Journal of Econometrics, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
In the paper we study the relationship between macroeconomic and stock market volatility, using S&P500 data for the period 1970-2001. We find evidence of a twofold linkage between stock market and macroeconomic volatility. Firstly, the break process in the volatility of stock returns is associated with the break process in the volatility of the Federal funds rate and M1 growth. Secondly, two common long memory factors, mainly associated with output and inflation volatility, drive the break-free volatility series. While stock market volatility also affects macroeconomic volatility, the causality direction is stronger from macroeconomic to stock market volatility.
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Cycles, Growth and Structural Change (Routledge Siena Studies in Political Economy)
Lionello Punzo
Manufacturer: Routledge
ProductGroup: Book
Binding: Library Binding
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ASIN: 0415251370 |
Book Description
This volume gathers together key new contributions on the subject of the relationship, both empirical and theoretical, between economic oscillations, growth, and structural change.
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Economic Structural Change
Manufacturer: Springer Verlag
ProductGroup: Book
Binding: Hardcover
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ASIN: 3540538399 |
Book Description
This digital document is a journal article from Journal of Econometrics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper considers issues related to multiple structural changes, occurring at unknown dates, in the linear regression model when restrictions are imposed on the parameters. This includes, for example, the important special case where different nonadjacent regimes are the same. The estimates are constructed as global minimizers of the restricted sum of squared residuals and we provide an extension of the algorithm discussed in Bai and Perron [2003b, Computation and analysis of multiple structural change models. Journal of Applied Econometrics 18, 1-22] to efficiently compute them. We show that the estimates of the break dates have the same asymptotic properties with or without the restrictions imposed; that is, in large samples, there is no efficiency gain from imposing valid restrictions as far as the estimates of the break dates are concerned. Of course, efficiency gains occur for the other parameters of the model. Simulations show that in small samples, all parameters are more efficiently estimated using the restrictions. We also consider tests of the null hypothesis of no structural change. These are also more powerful when the restrictions are imposed. A Gauss code for all the procedures discussed in this paper is available from the authors.
Book Description
China's economic reform constitutes one of the most remarkable events of the second half of the twentieth century. It not only significantly improved the living conditions of the Chinese population but also provides a useful model of economic transition from central planning to a market economy. The gradual approach to reform adopted by the Chinese was widely regarded as suboptimal and likely to fail when compared to the shock therapy method applied in the former Soviet Union and the Eastern European economies. But China has out-performed other transitional economies. To many observers the Chinese experience is either a myth or a miracle. This volume addresses key questions about the initial economic foundations, the reform of macroeconomic policies and macroeconomic stability, the achievements of agricultural reform and the agricultural policy choices facing the Chinese government, the unique characteristics of the township and village enterprises, the successful reform of the state-owned enterprises, the development of factor markets, the contributions of the external sectors to economic growth, the lessons of the Chinese experience for transitional economies, and the challenges for economic threory. Growth without Miracles brings together thirty widely cited articles by prominent economists in the field of China studies to offer authoritative and through assessment and analyses of Chinas experience during the reform period. It provides a complete story for teachers and students of courses on the Chinese economy and will be of considerable interest to researchers, officials, and business people who want to understand past experiences, current problems, and the future direction of the Chinese economy.
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The Rational Expectations Revolution: Readings from the Front Line
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Paperback
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ASIN: 0262631555 |
Book Description
These twenty-one collected readings describe the origins and growth of the revolutionary approach to macroeconomic analysis known as rational expectations. The readings trace the development of this approach from the late 1970s, when it was viewed by many as radical, to the present, when it has attained a central position in macroeconomic theory and policymaking.
In the 1970s the rational expectations school challenged the traditonal Keynesian view of the world. Economic models built on the ideas of John Maynard Keynes treat the economy more or less as a system of controllable inanimate objects blindly following rules. Models built on the new ideas attempt to acknowledge the ability of humans to change behavior when they expect economic policies to change. The repercussions of this dramatic shift in thought are still being felt among practicing macroeconomic theorists and policymakers.
Much of the research on the rational expectations approach has been done by scholars affiliated with the Federal Reserve Bank of Minneapolis. The readings in this book were all originally published by the Fed, primarily as articles written to be understood by college-level economics students and noneconomist policymakers. Some of the articles are modern classics that are otherwise out of print. Scholars represented here include such prominent economists as Robert E. Lucas, Jr., Edward C. Prescott, Thomas J. Sargent, Michael R. Darby, Finn E. Kydland, Lawrence H. Summers, and Neil Wallace.
The book also includes introductory essays by Preston J. Miller, an economist and Vice President at the Federal Reserve Bank of Minneapolis. Miller explains the context in which the articles were originally published and guides readers through the basic disputes between the old and new macroeconomic approaches.
Book Description
The essays included here are the "best sellers" of American economic history, the articles and chapters that most frequently appear on the syllabi of American economic history courses. Introductions add context, provide critical questions about the arguments and evidence, indicate important subsequent works, and suggest additional readings. Also included are a glossary and an appendix that provide a clear, simple introduction to regression analysis, necessary for reading the increasingly technical "cliometric" articles in the field.
Customer Reviews:
Different looks at Economic History.......2006-12-14
If you have ever wondered how the American economy historically ahs developed this book provides some of the answers. There are better economic histories out there but this puts together a very good collection of essays from different points at the American economy. It focuses on agriculture via the slave trade and northern farmers, early industrialization and finally the rise of industrialization. This book ends with some interesting analysis on the stock market crash and the recession that led to the great depression. Overall it makes for an interesting read and was used as a textbook for a class on American Economic History. This is not a book for beginners and it does have some econometrics in it so it does require at least a cursory knowledge of statistics to be helpful.
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Readings in Macroeconomics
Manufacturer: Prentice Hall
ProductGroup: Book
Binding: Paperback
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ASIN: 0137563124 |
Book Description
This volume revisits Karl Polanyi's analysis of the institutional separation of politics and the economy in the context of the nineteenth century market society to argue that the market economy is not a spontaneous process, but a "political project" realized through institutional changes whereby labor, land, money, and currently knowledge appear as commodities. The contributions explore the political dynamics of this commodification process, its implications for human life and livelihood, and the possibilities for the advent of a more viable order where the economy would be replaced under social control. With its interdisciplinary reach, the book is of interest to academics and graduate students in different fields such as economic sociology, political economy and social policy.
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Consumer Research Study on Book Purchasing, 1998
Npd Group Staff
Manufacturer: Book Industry Study Group
ProductGroup: Book
Binding: Paperback
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ASIN: 0940016753 |
Book Description
This second edition covers all the main problems that arise in a typical cost-benefit exercise. It is entirely up to date, reflecting the most recent research in the area. Part One covers the main theoretical issues affecting cost-benefit analysis. Part Two considers the problem of ascribing a monetary value to things. The third part covers six separate case studies drawn from real-life examples. The book begins with an extended elementary introduction written by the editors.
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Dimensions of macroeconomics;: A book of readings
Sid Mittra
Manufacturer: Random House
ProductGroup: Book
Binding: Unknown Binding
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ASIN: 0394314255 |
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Dri Readings in MacRoeconomics
A. R. Sanderson
Manufacturer: Mcgraw-Hill (Tx)
ProductGroup: Book
Binding: Paperback
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ASIN: 0070546592 |
Customer Reviews:
Stole my heart.......2007-07-31
This deck stole my heart long ago, I have not regrets
buying it tho it's only the major and not the full major
and minor arcana set... It's unique speaks kind of from
the cat mind but I get answers when I use this deck.
Yes this one stole my heart.......
My cat will meet a tall, dark stranger..........2000-01-16
I love this book. A longtime fan of odd tarots, this is one of my favorites -- my MOST favorite being Kipling West's Halloween Tarot. The Tarot For Cats' art is more studied and careful than some of West's more vivid monsters and demons, but it is just beautiful. Sometimes even more beautiful. I love the faces of the cats -- there is so much depth there! Fans of cats and of the Tarot will love this. Bring it back into print!
Who says you need opposable thumbs to cast the Tarot?.......1999-01-05
Certainly not Regen Dennis and Kipling West, creators of the purrfectly delightful "Tarot for Cats." There have been hundreds of Tarot decks over the past decades, some serious and usable, and some not -- this one is outside the (litter)box! You can certainly use the deck for real Tarot readings if you are familiar with the Major Arcana meanings, but the sheer giggle-factor of the book and the card designs hold up on their own. And if you own cats (as I do), you will find yourself shaking your head in amazement at just how accurately Dennis and West translate cat-thought into this charming effort!
Extra kudos for the Maine Coon as the Emperor. Oswald, my twenty-pound version, agreed completely -- and promptly napped on the card.
Inventive set features exceptional artwork and clever text........1998-12-09
Tarot for Cats might seem like a gimmick, but it is a very charming and original turn on conventional tarot decks that will please cat lovers and tarot enthusiasts. This inventive set features exceptional artwork and clever text.
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- Stories Behind the Great Traditions of Christmas (Stories Behind Books)
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- Teach Yourself Electricity and Electronics, Fourth Edition (Teach Yourself)
- Tehanu (The Earthsea Cycle, Book 4)
- The Book of Secrets: Unlocking the Hidden Dimensions of Your Life (Chopra, Deepak)
- The Cartoon Guide to Genetics (Updated Edition)
- The Cognitive Style of PowerPoint: Pitching Out Corrupts Within, Second Edition
- The Complete Guide to Contracting Your Home
- The Devil in the White City: Murder, Magic, and Madness at the Fair that Changed America
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