Books For Traders
The Art Of Contrarian Trading
(226 pages, $60 hardcover, 2009, ISBN 978-0-470-32507-0) by Carl Futia, published by John Wiley & Sons.
Contrarian theory in investing and trading is based on the idea that markets are driven in large part by crowd behavior. Crowds can form around an investing theme and drive prices too high or too low relative to fair value. This book shows how to take advantage of the crowd’s periodic bouts of enthusiasm and fear with investment choices others may think ill-advised. The focus of a contrarian investor is on achieving higher returns than the buy & hold strategy. This work shows you how.
ADDITIONAL INFORMATION: www.wiley.com
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The Definitive Guide To Momentum Indicators
(476 pages + 2 CDs, $199.95 hardcover, 2009, originally published 2002, ISBN 978-1-59280-38-5) by Martin J. Pring, published by Marketplace Books.
Momentum, often caused by fast-breaking news or big-money investors taking or dumping positions, is one of today’s most valuable technical analysis tools for spotting trends and catching turning points. This guide is a combination of text and audiovisual CD tutorial. It is a must-have resource for technical traders who want to profit with momentum. It will help you reach professional levels in your trading.
ADDITIONAL INFORMATION: www.traderslibrary.com
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Finding Alpha
(298 pages, $95 hardcover, 2009, ISBN 978-0-470-44590-7) by Eric Falkenstein, published by John Wiley & Sons.
In 1922, The Journal of Finance published a paper that showed the capital asset pricing model that traders had been using was not true. The beta was not positively related to stock returns. The basic model academics had taught for years was worthless. Since then, the question has been how alpha can be found if risk can’t be measured. This book offers a new approach to finding alpha. It turns out that alpha is about finding a comparative advantage, both in the markets and in life.
ADDITIONAL INFORMATION: www.wiley.com
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The Magnet Method Of Investing
(280 pages, $60 hardcover, 2009, ISBN 978-470-27929-8) by Jordan Kimmel, with a foreword by Jeffrey A. Hirsch, published by John Wiley & Sons.
The Magnet stock selection process uses conventional technical and fundamental factors within a theoretically sound framework — and follows a clear set of practical rules — to select a limited number of stocks expected to outperform broad market averages. The author’s strategy, from conception to application, is discussed throughout the book and outlines the process of focusing on fewer stocks to gain greater returns. This is a guide to seeking, identifying, and profiting from the few truly superlative stocks.
ADDITIONAL INFORMATION: www.wiley.com
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Options Theory And Trading
(352 pages, $75 hardcover, 2009, ISBN 978-0-470-45578-4) by Ron Ianieri, published by John Wiley & Sons.
When used correctly, options can greatly enhance your profits. The leverage they provide allows small accounts to trade like big ones without the normally associated risks. And in times of financial turmoil, options can keep you from incurring catastrophic losses. In order to take advantage of both the protection and profit for your portfolio, you have to learn to use options properly in your investment endeavors. What you need to achieve long-term success in today’s market is the right guidance. This book will allow you to discover how to use options to increase your portfolio’s profits and reduce its risks.
ADDITIONAL INFORMATION: www.wiley.com
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Super Trader
(243 pages, $26.95 hardcover, 2009, ISBN 978-0-07-163251-5) by Van K. Tharp, published by McGraw-Hill.
How do you transform yourself from a mild-mannered investor to Super Trader? Think clearly. Plan accordingly. Commit completely. In other words, become a trader. A meld of investing psychology and sound trading practice is the secret to achieving optimum conditions that produce results in both bull and bear markets. The rewards that come with being a Super Trader — both financial and personal — make you feel super as well. This provides the formula for succeeding in a market where most fail.
ADDITIONAL INFORMATION: www.books.mcgraw-hill.com
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