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PureBytes Links
Trading Reference Links
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This internet thing is great. There is a website called
amazon.com where they sell tons of books over the net,
and each book has its own blurb: description, reviews,
reader comments, and everything. For example, Ralph
Vince's 2nd book TMoMM is on amazon's site and this is
what they have to say:
> The publisher, John Wiley & Sons, says:
>
> Permits traders in the futures, options and stock
> markets to create profitable trading formulas based
> on the rules of probability and modern portfolio
> theory. Shows how to develop and utilize key
> formulas which minimize losses, maximize profits
> and avoid excessive risk. Reintroduces the idea
> of "optimal-f" and its use in weighing and
> assigning values to the components of a trader's
> portfolio. Includes a computer program for
> immediate hands-on usage of techniques described.
>
>
> A reader from USA , September 9, 1999, says
>
> Optimal F is Ralph Vince's baby but it doesn't take
> into consideration that there is a trade out there
> that will take you out of the market. I trade
> professionally and would never trade anywhere
> near with the risk he talks about. The best
> traders I know are always prepared for the worst
> case secenario and just want to keep playing the
> game. Optimal F will take you out of the market
> very quickly.
>
>
> Whipperin1@xxxxxxx from Defiance,
> Missouri USA , January 24, 1999 says
>
> I would have given this book 5 stars if it was
> written with more examples to demonstrate the
> theories and formulas that it contains. The author
> certainly doesn't "spoon feed" his material to the
> reader. If you are innumerate stay away from this
> book. Of course, if you are innumerate stay out of
> trading the markets. What the author has to say
> regarding the correct amount of contracts or shares
> to buy based upon the calculation of optimal f is
> very important in order to keep from going broke
> and to receive expotential gains. It is loaded with
> concepts to facilitate the money mangament element
> of trading. I would say that a good prerequisite
> for reading this book would be an engineering
> degree something like advanced rocket science.
>
> mnkk@xxxxxxxxxx from Duesseldorf, Germany ,
> June 29, 1998 says
>
> The book delivers a good and detailed description of
> the money management, portfolio issues and much more.
> Recommended !
>
> spinky@xxxxxxxxx , October 14, 1997 says
>
> Vince's work is the very best available for the topic
> of money management in futures trading. If you have
> ever wondered how many futures contracts you should
> buy to optimize account growth, what the maximum
> downside risk is and how to control damage then this
> book is a must for your trading library. The book is
> mathematically oriented but if you invest the time
> to really understand it your ability as a money
> manager will greatly increase. A must for any
> serious trader!
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