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A third book is "Stock Market Probability" by Joseph Murphy. Subtitle is
Using Statistics to Predict and Optimize Investment Outcomes.
BobR
In a message dated 98-07-15 11:08:34 EDT, timaratz@xxxxxxxxx writes:
<< Subj: Re: standard deviations
Date: 98-07-15 11:08:34 EDT
From: timaratz@xxxxxxxxx (Peter Timaratz)
Sender: owner-realtraders@xxxxxxxxxxxxxx
Reply-to: timaratz@xxxxxxxxx
To: realtraders@xxxxxxxxxxxxxx (RealTraders Discussion Group)
I won't attempt to explain what a standard deviation is but I will say that
I think it is important for a trader to have an understanding of basic
statistics. That doesn't mean you should use it but you should understand
the principles.
Two good books available at most libraries are 'How to Think About
Statistics' by John Phillip and 'Statistics Without Tears' by Derek
Rowntree.
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