Trade Like a Bookie
NEW -- Opportunities in Options offers a new book and video course authored by company president David Caplan called Trade Like a Bookie. The course describes how casinos, insurance companies and professional bookies stack the odds in their favor. It explains step by step how individuals can use these principles to recognize situations in which the odds are in their favor.
In the book, Caplan profiles successful traders who were former professional poker, bridge and chess players. The book asserts that the probability theories involved in playing gambling-type games can be used successfully in playing the markets.
Other books by Caplan include The Options Advantage , The Option Secret and The New Options Advantage. Caplan is also editor of the Opportunities in Options monthly newsletter.
Opportunities in Options, 300 Esplanade Drive, Financial Plaza, Suite 200, Oxnard, CA 93030.
Phone: 805 278-4330, 800 926-0926.
New features in version 5.0 include the ability to write MetaStock-format files; the ability to define indices from an unlimited number of stocks; automatic data downloading; and automatic issuing of buy and sell signals. In addition, new indicators have been added for use in charting and screening.
Stock Wiz 5.0 costs $79.95. The program ships on CD-ROM, a 100 MB Zip disk or 17 3.5-inch disks. It includes daily prices for the last three years on more than 8,000 US stocks traded on the NYSE, AMEX and NASDAQ. Daily data updates cost $9.95 per month for stocks, $4.95 per month for mutual funds. A free demo is available for download from the Internet in the file Sw5Demo.Exe.
Stock Wiz Pro 5.0 from i-Soft i-Soft, Inc., 1201 4th Ave. S., 3rd Floor, Seattle, WA 98134.
Phone: 206 322-4691, 800 909-4218. Fax: 206 322-5623.
E-mail: isoft@i-soft.com.
Internet: https://www.i-soft.com or ftp.uu.net/vendor/isoft.
NeuroForecaster/GA searches for the best input/output combinations, reduces data dimensions, and determines the best network structures and forecast horizons. New features of version 5.1 include AutoTest, AutoSave, AutoStop and more.
VisuaData 2.1 from NIBS is a neural net preprocessor designed for traders. It generates new and traditional technical indicators such as average directional movement (ADX), adaptive moving averages, Bollinger bands, commodity channel index (CCI), momentum, money flow index, on-balance volume (OBV), price volume trend and others for neural net computing.
Select!, also from NIBS, is a stock market scanner and filter for stock selection. It provides cross-sectional analysis based on stocks' alphas and betas, buy/sell signals and other conditions for stock selection or further analysis.
All programs are written in C++ for Windows, come with a built-in spreadsheet, and read MetaStock, CSI, CompuTrac, FutureSource, Excel and ASCII files.
NIBS Inc., 62 Fowlie Rd., Republic of Singapore 428501.
Phone: (+65) 3442357. Fax: (+65) 3442130.
E-mail: midaz@singnet.com.sg.
Web site: https://www.singnet.com.sg/~midaz.
The new version trains about twice as fast with 32-bit addressing. The source code generator in NeuroShell 2 makes it possible to port trained networks from NeuroShell 2 to non-Windows platforms by generating Visual Basic or C source code.
NeuroShell 2 costs $495 with free technical support.
Ward Systems Group, Inc., Executive Park West, 5 Hillcrest Drive, Frederick, MD 21703.
Phone: 301 662-7950. Fax: 301 662-5666.
E-mail: WardSystems@msn.com.
The service costs $49.95 a month with an initial three-month minimum. Discounts are offered for multimonth subscriptions after initial payment.
TradeComp International, 2169 Summer St., Suite 136, Stamford, CT 06905. Phone: 800 357-3198 or 203 348-8031. Fax: 203 324-6546.
The price is $350 and includes a comprehensive manual.
MESA96 cycles program with comments provided by MESA MESA, PO Box 1801, Goleta, CA 93116.
Phone/fax: 800 633-6372.
In another course on July 24-25, Steve Nison will conduct a two-session seminar on the practical applications of candlestick charts. Through examples, Nison will show how to use the candles alone and in conjunction with Western technical tools. The course is open to both novice chartists and seasoned technicians. The fee is also $150 per person.
Mary Unger, CBOT Market & Product Development Dept., 141 W. Jackson, Suite 2210, Chicago, IL 60604.
Phone: 312 435-7207.
CQG School for Traders will sponsor two-day educational programs twice a month. The school also will host afternoon tutorials once a week that will feature specific technical analysis approaches or market studies. In addition, the facility is available for instructional purposes to firms that deal in futures, options, stocks, foreign exchange and government securities.
CQG, 311 South Wacker Dr., Suite 3810, Chicago, IL 60606-6618.
Phone: 312 939-3930. Fax: 312 939-2263.
Option Pro On-Line for Windows is compatible with DBC Signal and other popular data formats. Demo disk offered.
Essex Trading Co. Ltd., 107 North Hale St., Suite 206, Wheaton, IL 60187.
Phone: 800 726-2140, 708 682-5780.
TeleTrac TradeStation monitors price changes tick by tick across many markets. It signals buy and sell opportunities, generates orders, keeps track of trades and reports open position profit or loss, all in real time. It offers 150 built-in functions, including studies, indicators and mathematical routines. Visual and audible alerts automatically signal buy or sell opportunities 24 hours a day, based on whatever criteria the user selects.
Its historical testing feature can run a trading system against market conditions for a variety of past periods and produces a detailed performance summary. The trader can see how much money was made or lost in the simulated transaction, as well as the dollar amounts of the biggest winning and losing trades, the number of trades made and how many were profitable and unprofitable.
EasyLanguage, the programming language developed by Omega Research, allows the user to enter custom studies and formulas, modify indicators and create trading systems.
Dow Jones Telerate, Inc., Harborside Financial Center, 600 Plaza Two, Jersey City, NJ 07311.
Phone: 201 98-5500. Fax: 201 938-5555.
Under the agreement, ComStock will provide America Online with quotes from stock exchanges around the world and at least nine futures exchanges, as well as quotes on foreign exchange rates. The information will be available to AOL subscribers on a delayed basis.
ComStock, 600 Mamaroneck Ave., 5th Floor, Harrison, NY 10528-1624.
Phone: 914 381-7000. Fax: 914 381-7021.
Futures 101: An Introduction to Commodities by Richard E. Waldron, an independent trader, is a coursebook published by Squantum Publishing. It provides 208 pages of explanations and examples plus tips, costs and pitfalls.An overview and background of commodity trading start off the course, then the terminology of commodity trading is explained, and last, the mainstay tools of technical analysis are described. Sources of further information, from books to trading courses to trading systems, are listed at the end of the coursebook. Humorous snippets and trivia questions break up the workbook. The price is $19.95 plus $4 for domestic shipping and handling or $10 for international air mail.
Squantum Publishing Co., 54 Monmouth St., Quincy, MA 02171.
Phone: 617 328-0331. Fax: 617 328-0050.
E-mail: squantum@xensei.com.
Internet: www.village.com/business /futures101.
Extraordinary Popular Delusions and the Madness of Crowds and Confusíon de Confusiones is a new release from John Wiley combining two legendary classics (1996, 214 pages, $19.95 paperback). The edition reprints the money mania section of the original 1841 Extraordinary Popular Delusions and reprints the complete text of the 1688 Confusíon. An introduction to the book is given by Martin Fridson, managing director at Merrill Lynch's Merchant Banking Group.In Extraordinary Popular Delusions, author Charles MacKay recounts the mass financial mania and grand-scale madness that surrounded the Mississippi Scheme, the South Sea Bubble and Tulipmania, a famous episode when even wealthy nobles traded their family fortunes for now-common tulip bulbs.
In Confusíon, author Joseph de la Vega embellishes his dialog-based text on stocks with biblical, historical and mythological allusions. Fridson provides a detailed introduction of the work.
John Wiley & Sons, Inc., 605 Third Ave., New York, NY 10158-0012.
Phone: 800 225-5945 (800 Call-Wiley).
Cynthia Kase, president of Kase and Company , will conduct technical analysis classes on June 4 and 5 in Calgary, Canada, sponsored by the National Gas Transportation Association. The classes will cover chart patterns and indicators, forecasting and trading strategies. The fee for NGTA members for one day is $325 or $595 for both days; nonmembers pay $450 for one or $795 for both.National Gas Transportation Association, 7600 W. Tidwell, Houston, TX 77040.
Phone: 713 939-9200. Fax: 713 939-7969.
Trading consultant Ruth Roosevelt has introduced Power Trading for Power Profits, a system for trader self-management. The package contains three albums of audio tapes providing coaching on how to become a winning trader.The "Inside Secrets of Winning Power Traders" tape series profiles the thought patterns and habits of winning traders. The "Anatomy of a Losing Trade" series outlines the psychological profile of a losing trader and pinpoints specific strategic and mental mistakes that can be avoided. "Power Trading for Power Profits" arms the trader with techniques to make the changes necessary to become a peak performer in the markets.
Along with the 10 audio cassettes, the Complete Guide to Trader Troubleshooting is included, which is a 16-page manual describing the symptoms of a host of trading problems and listing possible solutions.
The price of the package is $477.77, with the first 77 customers receiving a free hourly consultation and personalized tape. Other programs are also available for traders to join for personalized coaching on an ongoing basis.
Ruth Roosevelt, trading consultant, 165 William St., New York, NY 10038.
Phone: 800 692-0080. Fax: 212 732-3482.
Thomson Consumer Products Group has announced a distribution agreement with CompuServe online service. Under the agreement, the Thomson MarketEdge personal investor service will be available to CompuServe subscribers. The service will offer financial data, industry reports, stock screening and insider trading updates, as well as headlines from the daily Market Monitor. The Thomson MarketEdge service is also available on the Internet at http:/ /www.marketedge.com.Thomson Financial Services, 22 Pittsburgh St., Boston, MA 02210.
Phone: 617 345-2000. Fax: 617 737-3165.
Internet: https://www.tfs.com.
Securities Data Company, a provider of merger and financing information, has launched a site on the World Wide Web. The site gives visitors an overview of the company, the products and services offered and the latest investment bank rankings for current corporate financing and merger activity. The site has a link to the home page of its parent company, Thomson Financial Services.Securities Data Company, Two Gateway Center, Newark, NJ 07102.
Internet: Http://www.secdata.com.
D&W Traders has released Trading Currency Futures with Classical Price Patterns: Volume 2 by William Wermine. The coursebook presents 109 pages of possible patterns on daily charts across different currencies. The charts illustrate entry into trading positions as well as risk levels and profit-taking levels. The examples illustrate the principles of trends, swings and breakouts and how to exploit each.The course comes with a copy of the book Winning in the Foreign Exchange Markets: An Investor's Guide , also by Wermine.
D&W Traders, No T-7, Taman Melur, Hillside Estate, Ampang Jaya, 68000 Kuala Lumpur, Malaysia.
Phone: 03-452-4149. Fax: 03-452-2004.
