Author: Euan Sinclair
Edition: HAR/CDR
Publisher: Wiley
Binding: Hardcover
ISBN: 0470181990
Price:
You Save: 48%
Volatility Trading, + CD-ROM (Wiley Trading)
In Volatility Trading, Sinclair offers you a quantitative model for measuring volatility in order to gain an edge in your everyday option trading endeavors.Volatility Trading, + CD-ROM review. With an accessible, straightforward approach. He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation. In addition, Sinclair explains the often-overlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage of-and how it can lead them astray. Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility traderRead full reviews of volatility trading: + cd–rom sinclair, euan.
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Volatility Trading, + CD-ROM
author euan sinclair format hardback language english publication year 11 07 2008 series wiley trading subject management business economics industry subject 2 finance accounting title volatility trading cd rom author sinclair euan publisher john wiley sons inc publication date jul 07 2008 pages 212 binding hardcover edition hardback cd rom dimensions 6 25 wx 9 25 hx 0 75 d isbn 0470181990 subject business economics finance description in volatility trading sinclair offers you a quantitative m
An accessible guide to vital financial models that cover options pricing, trading, and position sizing Written by quantitative options trader Euan Sinclair, Volatility Trading helps readers measure volatility in order to gain an edge in their everyday option trading endeavors. No other book on the market addresses this topic in such a straightforward and accessible manner. Chapters include information on: truly understanding the Black Scholes equation in order to profitably trade hedging risk so that it''s seen as realized volatility measuring results through a number of trade evaluation techn
Volatility Trading, + CD-ROM Reviews
With an accessible, straightforward approach. He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation. In addition, Sinclair explains the often-overlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage of-and how it can lead them astray. Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility trader.
Your goal, Sinclair explains, must be clearly defined and easily expressed-if you cannot explain it in one sentence, you probably aren't completely clear about what it is. The same applies to your statistical edge. If you do not know exactly what your edge is, you shouldn't trade. He shows how, in addition to the numerical evaluation of a potential trade, you should be able to identify and evaluate the reason why implied volatility is priced where it is, that is, why an edge exists. This means it is also necessary to be on top of recent news stories, sector trends, and behavioral psychology. Finally, Sinclair underscores why trades need to be sized correctly, which means that each trade is evaluated according to its projected return and risk in the overall context of your goals.
As the author concludes, while we also need to pay attention to seemingly mundane things like having good execution software, a comfortable office, and getting enough sleep, it is knowledge that is the ultimate source of edge. So, all else being equal, the trader with the greater knowledge will be the more successful. This book, and its companion CD-ROM, will provide that knowledge. The CD-ROM includes spreadsheets designed to help you forecast volatility and evaluate trades together with simulation engines.
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