Technical Analysis of Stock Trends, 8th Edition, is a critical reference for investors--especially in today's tumultuous markets. This seminal book--the first to produce a methodology for interpreting and profiting from the predictable behavior of investors and markets--revolutionized technical investment approaches and continues to show traders and investors how to make money regardless of what the market is doing.

Some people might see the current recession as the very worst time to invest in the stock market, but many of the world's most successful investors insist that a market downturn is the very moment when people should be investing. How the Stock Market Works will tell investors what is being traded and how, who does what and to whom, and how to evaluate both the shares and proponents' claims about them. The authors answer questions such as: What are shares and gilts? What are futures and options? Where and how can you buy shares? How do you pick a share to buy? With new material on complex derivatives, foreign shares, and Internet trading, this book explains the full inter-relationships between the stock market, banks, brokers, and regulators.

 

Readers' reviews:
*The basic premise of this book is to long stock and delta hedge w/ out of the money warrants. This was great when the tax incentives encouraged corporations to sell bonds w/ detachable warrants rather than selling convertible bonds. In addition, valuing the warrants was tricky prior to the use of the Black-Scholes model. This strategy - delta neutral covered calls - is profitable when the market has peaked out but you can get your handed to you if you employ it in a scenario such as '99-'00. Further their reocmmendations that you short more as your warrants fall is very dangerous - shorting a lot of gamma. The warrant game played itself out and the authors made a a lot of money. This is a very interesting book written by a very profitable hedge fund manager, but I would not recommend attempting to replicate this strategy w/ LEAPS. Pricing is much tighter now so your margin of error has dramatically decreased
*The strategies in this wonderful book are only employable in Asia now, and in very limited ways (often insurance and bank stocks and bonds) but you take a lot of liquidity risk, so I'm not sure if you are still paid alpha over an expected return.

An in-depth examination of money management methods for consistent trading success
In Better Stock Trading, Daryl Guppy shows readers how to improve returns by using good money management technique???not by increasing risk in trying to win more trades. Readers will learn how to level the market playing field by using the best money management strategies for their particular account size.

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Antique Photos of children and dolls. Perfect for any design projects.