Trade Like a Casino

Trade Like a Casino

Engaging and informative, this reliable guide identifies andexplains the key techniques and mental processes characteristic ofsuccessful traders.

Author: Richard L. Weissman

Publisher: John Wiley & Sons

ISBN: 9781118137963

Category: Business & Economics

Page: 288

View: 567

A detailed look at the common characteristics found in mostsuccessful traders While there are a variety of approaches to trading in thefinancial markets, profitable traders tend to share similarunderlying characteristics. Most have a methodology that theybelieve will prove profitable over the long run and are willing toendure short-term setbacks. If you're looking to make the most ofyour time in today's markets, you need to understand what separatesthe best from the rest. And with Trade Like a Casino, you'llgain the knowledge needed to excel at this challengingendeavor. Engaging and informative, this reliable guide identifies andexplains the key techniques and mental processes characteristic ofsuccessful traders. It reveals that successful traders operate verymuch like a casino in that they develop a method that gives them"positive expectancy" and they unflappably implement the method inthe face of changing, and oftentimes volatile, market conditions.Page by page, the book explores the intricacies of methodology,mental control, and flexibility that allow traders to develop andmaintain the casino-like edge. Reveals how many successful traders tend to follow the samegeneral principles, even if their approach to trading maydiffer Explores how to account for the risk of being wrong and themarket moving against you Discusses how to develop an approach that combines tradeselection with sound risk management, avoids emotional attachmentto positions, exploits volatility cycles, and focuses on marketaction Regardless of how you approach markets, the insights found herewill help improve the way you trade by putting you in a betterposition to distinguish the differences between successful andunsuccessful traders.
Categories: Business & Economics

Risk to Win

Risk to Win

Argues that women must look at risk as an opportunity rather than a danger or possible failure, and offers advice on risk taking

Author: Jeannette Reddish Scollard

Publisher: Macmillan Publishing Company

ISBN: IND:30000036617466

Category: Psychology

Page: 207

View: 257

Argues that women must look at risk as an opportunity rather than a danger or possible failure, and offers advice on risk taking
Categories: Psychology

Risk and Win

Risk and Win

If you think risk management is a bit of meaningless management-speak, this is the book for you.

Author: John Harvey Murray

Publisher: Business Expert Press

ISBN: 9781948198172

Category: Business & Economics

Page: 118

View: 329

If you think risk management is a bit of meaningless management-speak, this is the book for you. The world is full of risks and they all need managing. In fact, we all manage risks all the time whether well or badly. Every decision we make involves making some assessment of the risks involved. Risk management is simply an attempt at doing it more explicitly, scientifically and, hopefully, effectively. In this book, readers will learn more about the whys and hows of risk management, and examples of how not to do it. I have tried to explain it in everyday language and show how it can be applied in a small business to your advantage.
Categories: Business & Economics

At Risk

At Risk

Win drives through an intersection, barely slows at the stop sign, turns left near
the fire station, onto the narrow street where Lamont ... Maybe that's how the man
in the red scarf found out about At Risk, about Win, but it doesn't make sense.

Author: Patricia Cornwell

Publisher: Hachette UK

ISBN: 9780748109241

Category: Fiction

Page: 240

View: 524

#1 NEW YORK TIMES BESTSELLER A 'one-off' from the best-selling creator of the Dr Kay Scarpetta series, based on the serialisation in the New York Times. Moving between the chill of Cambridge, Massachusetts and the sultry humidity of Knoxville, Tennessee, Winston Garano, a police investigator, is instructed to look into a twenty-year-old murder case. Although Win reckons there are many more pressing current cases which should have higher priority, he gets on with the task, unaware of the can of worms he will prise open. With her hallmark qualities of deft characterisation, perfect research and tense story-telling, Patricia Cornwell has created a novel which entertains, intrigues and satisfies. 'America's most chilling writer of crime fiction' The Times 'One of the best crime writers writing today' The Guardian 'Devilishly clever' - Sunday Times
Categories: Fiction

Winning with Risk Management

Winning with Risk Management

Where the management is not deeply committed towards risk management, there
are sure to be gaps in risk reporting and ... The win in terms of risk management
for JPMorgan was finally realized in their acquisition of Bear Stearns at $10 a ...

Author: Russell Walker

Publisher: World Scientific

ISBN: 9789814383899

Category: Business & Economics

Page: 256

View: 998

This book develops the notion that companies can succeed on the basis of risk management, much as companies compete on efficiency, costs, labor, location, and other dimensions. The reality of risk and how it impacts companies is that it is much more definite, often catastrophic and looks more like a shock. This is striking, as a difference between firms on risk different than a marginal difference in operating efficiencies, for example. Competing on Risk Management requires a discipline, a commitment to using information and recognizing shocks and then acting upon those to redistribute assets. This book will examine how leading firms that compete on risk have done this and showcase best practices and impacts to the capital structure of firms and their organizational formation.
Categories: Business & Economics

Winning at Risk

Winning at Risk

124 MANAGING TRADE-OFFS BETWEEN RISK AND REWARD The notable
downside of these types of approaches—beyond the overhead and initial
complexity associated with the establishment of individual balance sheets—is
that they ...

Author: Annetta Cortez

Publisher: John Wiley & Sons

ISBN: 9781118078280

Category: Business & Economics

Page: 288

View: 289

Categories: Business & Economics

Behavioral Risk Management

Behavioral Risk Management

Question 1 is designed to uncover which people are so averse to losing $500
that even the prospect of winning ten times that amount, in a fifty-fifty bet, leaves
them unwilling to accept the risk. Both Beth and Larry answered that they ...

Author: Hersh Shefrin

Publisher: Springer

ISBN: 9781137445629

Category: Business & Economics

Page: 518

View: 224

The psychological dimension of managing risk is of crucial importance, and its study has led to the identification of specific do's and don'ts. Those with an understanding of the psychology underlying risk and the skills to recognize its manifestation in practice, have the opportunity to develop frameworks that embody the do's and don'ts, thereby producing sound judgments and good decisions. Those lacking the understanding and the skills are destined to be more hit and miss in their approach to risk management, doing the don'ts and not doing the do's. Virtually every major risk management catastrophe in the last fifteen years has psychological pitfalls at its root. The list of catastrophes includes the 2008 bankruptcy of Lehman Brothers and subsequent global financial crisis, the 2010 explosion at BP's Macondo well in the Gulf of Mexico and the 2011 nuclear meltdown at the Fukushima Daiichi power plant. A critical lesson from psychological studies for those involved in risk management is that people's judgments and decisions about risk vary with type of circumstance. In Behavioral Risk Management readers will learn that there are specific actions that organizations can undertake to incorporate understanding, recognition, and behavioral interventions into the practice of risk management. There are many examples throughout the book that illustrate doing the don'ts. The chapters in the first part of the book introduce the main ideas, and the chapters in the latter part provide insight into how to apply those ideas to the practical world in which risk managers operate.
Categories: Business & Economics

The Risk of Trading

The Risk of Trading

Having a trade setup with a winning edge is virtually meaningless and quite
dangerous if the risk components are not considered. Measuring win percentage
is an excellent internal indicator of setup validation; however, as a stand-alone, it
is ...

Author: Michael Toma

Publisher: John Wiley & Sons

ISBN: 9781118100837

Category: Business & Economics

Page: 224

View: 845

Develop the skills to manage risk in the high-stakes world of financial speculation The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading—risk management. The book puts a magnifying glass on the issue of risk, something that every trader needs to understand in order to be successful. Most traders look at risk in terms of a "stop-loss" that enables them to exit a losing trade quickly. In The Risk of Trading, Michael Toma explains that risk is ever-present in every aspect of trading and advocates that traders adopt a more comprehensive view of risk that encompasses the strategic trading plan, account size, drawdowns, maximum possible losses, psychological capital, and crisis management. Shows how to conduct a detailed statistical analysis of an individual's trading methodology through back-testing and real-time results so as to identify when the methodology may be breaking down in actual trading Reveals why traders should think of themselves as project managers who are strategically managing risk The book is based on the author's unique 'focus on the risk' approach to trading using data-driven risk statistical analytics Using this book as a guide, traders can operate more as business managers and learn how to avoid market-busting losses while achieving consistently good results.
Categories: Business & Economics

Forex Gamer Master the Technical Trading Knowledge to Win the Game of Forex

Forex Gamer   Master the Technical Trading Knowledge to Win the Game of Forex

Good Money Management The previous three topics about risk management
talks about the winning percentage of trading strategy and the handling of capital
drawdown should any trading strategy fails, as well the proper leverage usage on
 ...

Author: Clance

Publisher: Clance

ISBN: 9781300808220

Category:

Page:

View: 160

Categories:

Look Smarter Than You Are with Hyperion Planning 11 1 2 Administrator s Guide

Look Smarter Than You Are with Hyperion Planning 11 1 2  Administrator s Guide

RISK. Nothing is better than experience. If a person has 20 or 30 years of
experience he will probably have a very good idea what will happen in the next ...
You know that you are taking a risk to win $1 and that you have a 25% chance to
win.

Author: Edward Roske

Publisher: Lulu.com

ISBN: 9780557552931

Category:

Page:

View: 636

Categories:

Look Smarter Than You Are with Hyperion Planning 11 1 2 Advanced Hyperion Planning

Look Smarter Than You Are with Hyperion Planning 11 1 2  Advanced Hyperion Planning

RISK. Nothing is better than experience. If a person has 20 or 30 years of
experience he will probably have a very good idea what will happen in the next ...
You know that you are taking a risk to win $1 and that you have a 25% chance to
win.

Author: Edward Roske

Publisher: Lulu.com

ISBN: 9781300628187

Category:

Page:

View: 486

Categories:

Total Diplomacy

Total Diplomacy

Or perhaps you made a reputation for yourself as the greatest Risk player ever, only to lose in the next game and the one after that! Read Total Diplomacy. This book aims to teach you how to beat them all in your own sweet way.

Author: Ehsan Honary

Publisher: Total Diplomacy

ISBN: 9781419661938

Category: Games

Page: 340

View: 600

Do you want to win in the game of Risk? Have you always wanted to win against your cousin in the game of Risk? Do you feel frustrated when they gang up on you and you cannot do much about it? Or perhaps you made a reputation for yourself as the greatest Risk player ever, only to lose in the next game and the one after that! Read Total Diplomacy. This book aims to teach you how to beat them all in your own sweet way. But that's not all. Learn how to use diplomacy effectively to get what you want in life. There is a lot to learn from history and its great leaders. You will see how you can apply this knowledge to negotiate more successfully and be in control of people. You will learn the art if influence and persuasion and will be able to apply it immediately to your Risk games. Any complex system can be exploited by its users. This book is not just about Risk or use of strategy in games. It aims to enhance your personal skills too. * The best tactics and strategies to use in Risk * How to learn by example * How to understand a player's psychology * How to debate with people and influence them * When it is wise to break a deal or an alliance * How to control your emotions and exploit others' weaknesses * The best strategies to use if you are playing repeatedly against the same players * How to be deceptive and how to recognise deceptive behaviour * The best online strategies * How to negotiate successfully and make cunning deals
Categories: Games

How to Fail at Almost Everything and Still Win Big

How to Fail at Almost Everything and Still Win Big

Another clue to talent involves tolerance for risk. When I was in grade school I
often drew humorously inappropriate comics involving my teachers and fellow
students. I would show them to classmates and I enjoyed making them laugh, all
the ...

Author: Scott Adams

Publisher: Penguin

ISBN: 9780698144620

Category: Business & Economics

Page: 256

View: 735

Blasting clichéd career advice, the contrarian pundit and creator of Dilbert recounts the humorous ups and downs of his career, revealing the outsized role of luck in our lives and how best to play the system. Scott Adams has likely failed at more things than anyone you’ve ever met or anyone you’ve even heard of. So how did he go from hapless office worker and serial failure to the creator of Dilbert, one of the world’s most famous syndicated comic strips, in just a few years? In How to Fail at Almost Everything and Still Win Big, Adams shares the game plan he’s followed since he was a teen: invite failure in, embrace it, then pick its pocket. No career guide can offer advice that works for everyone. As Adams explains, your best bet is to study the ways of others who made it big and try to glean some tricks and strategies that make sense for you. Adams pulls back the covers on his own unusual life and shares how he turned one failure after another—including his corporate career, his inventions, his investments, and his two restaurants—into something good and lasting. There’s a lot to learn from his personal story, and a lot of entertainment along the way. Adams discovered some unlikely truths that helped to propel him forward. For instance: • Goals are for losers. Systems are for winners. • “Passion” is bull. What you need is personal energy. • A combination of mediocre skills can make you surprisingly valuable. • You can manage your odds in a way that makes you look lucky to others. Adams hopes you can laugh at his failures while discovering some unique and helpful ideas on your own path to personal victory. As he writes: “This is a story of one person’s unlikely success within the context of scores of embarrassing failures. Was my eventual success primarily a result of talent, luck, hard work, or an accidental just-right balance of each? All I know for sure is that I pursued a conscious strategy of managing my opportunities in a way that would make it easier for luck to find me.”
Categories: Business & Economics

The Big Win

The Big Win

MerriamWebster defines entrepreneur as: “one who organizes, manages, and
assumes the risks of a business or enterprise. ... And the same decision process
should be in control: How much capital has to be put at risk to earn a reasonable
 ...

Author: Stephen L. Weiss

Publisher: John Wiley & Sons

ISBN: 9781118233580

Category: Business & Economics

Page: 240

View: 323

A rousing and practical look at the extremely successful investments of top investors In his first book, The Billion Dollar Mistake, author Stephen L. Weiss showcased the biggest blunders of some of the world's legendary investors—which lost them billions of dollars on a single investment. Incredibly, the mistakes they made were the same mistakes made by everyday investors but for the magnitude of the loss. Weiss's second book, The Big Win: Learning from the Legends to Become a More Successful Investor, highlights financial successes, explaining how the world's most successful investors make a fortune and how you can do the same. As with the missteps Weiss profiled in his first book, the strategies used by these legendary investors are available to all, regardless of size or sophistication. Profiles legendary investors and highlights their investment strategies—from finding the right investment to researching to making a move Probes each investor's personality and questions their investment thinking Identifies and describes each investor's "big win" and why it became their most successful investment The Big Win is a primer on successful investing the way it is really done by the people who do it for a living—passionately and with extraordinary success. The Billion Dollar Mistake told readers what not to do to get rich; The Big Win shows readers how to do it right for the payoff of their lives.
Categories: Business & Economics

Winning the Trading Game

Winning the Trading Game

This book will complement every trader's library from beginner to advanced." —Dan Blystone, Senior Analyst, TradersLog.com "Winning the Trading Game by Noble DraKoln encapsulates years of successful trading experience by mixing heartfelt ...

Author: Noble DraKoln

Publisher: John Wiley & Sons

ISBN: 0470282169

Category: Business & Economics

Page: 304

View: 594

With Winning the Trading Game, investment expert Noble DraKoln helps you develop and refine the mental discipline and practical skills needed to ensure trading success. This detailed guide will put you in a better position to use technical analysis to identify profitable trades and exit losing trades; maximize the leverage available in futures and Forex, without endangering your capital base; and control risk by utilizing appropriate strategies for each type of opportunity and time frame.
Categories: Business & Economics

Rules Are Essential But They Do Not Guarantee a Win

Rules Are Essential  But They Do Not Guarantee a Win

I did it, and nothing happened.” Just because nothing happened one time doesn't
mean it's a reasonable risk. One lucky win has nothing to do with the probability
of future success. In fact, the probability of a win decreases with each risk taken ...

Author: Saly A. Glassman

Publisher: Pearson Education

ISBN: 013261720X

Category: Business & Economics

Page: 10

View: 256

This Element is an excerpt from It's About More Than the Money: Investment Wisdom for Building a Better Life (9780137050321) by Saly A. Glassman. Available in print and digital formats. Get beyond frustration and anger, learn today’s rules for investing more successfully, and get back into the game. Have you felt let down by the economic crisis--disappointed, resentful, even angry? You might if you thought you were following all the investment rules you’d been taught. You are in good company if you are thinking, “I followed the rules! I should have won!” Unfortunately, life doesn’t work that way. To succeed as an investor, you must move beyond the emotional frustration of “losing”….
Categories: Business & Economics

Win Win A Manager s Guide to Functional Safety

Win Win  A Manager s Guide to Functional Safety

The philosophy for risk reduction using a safety integrity level (SIL) rated safety
system has been discussed in industry for over a decade. In the previous section,
we identified the hazards of the process, now we must lower the risk from those ...

Author:

Publisher: exida

ISBN: 9780972723473

Category:

Page: 119

View: 175

Categories:

Probability for Risk Management

Probability for Risk Management

We return to Example 5.22 and the slot machine Example 5.24 player who
wishes to win twice. For this player, 2 and .05. Thus < œ : œ I\œ œ † œ Z\œ œ †
œ () 2 19 38 and () 2 380 760. 2(.95) 2(.95) .05 .052 These answers can be
related to ...

Author: Matthew J. Hassett

Publisher: ACTEX Publications

ISBN: 9781566985482

Category: Probabilities

Page: 434

View: 860

Categories: Probabilities

The Business of Trading

The Business of Trading

The first concerns how much you risk on each position and when you increase or
reduce that amount. The second is more general and simply means reducing and
controlling risk at all times. The markets are very high risk; to win you must ...

Author: John Piper

Publisher: Harriman House Limited

ISBN: 9780857192028

Category: Business & Economics

Page: 300

View: 602

John Piper has been trading successfully since the 1980s. To him it is a business, and one that he runs from all over the world. He would not swap the lifestyle - the freedom, the financial rewards, the barbecued seafood - for anything. And in this course he reveals how others can enjoy it for themselves too. Over 101 short and easily digestible chapters, this eBook takes readers behind the scenes of the life of a professional trader: from how to get started all the way through to staying in the game for the long term. Find out what a profitable strategy looks like. Discover the cardinal rules of effective risk management. Get a true handle on the kind of mindset you need to succeed. And watch some of Piper's own trades in action with exclusive links to online videos. Collecting his acclaimed 'Trading Intelligence 101' emails together for the first time, this is one of the most candid guides to making a living in the markets that you will ever read.
Categories: Business & Economics

Principle Concepts of Technology and Innovation Management Critical Research Models

Principle Concepts of Technology and Innovation Management  Critical Research Models

Structure a win-win software process by establishing a realistic process plan,
using the plan to control the project, identifying and managing your win-lose or
lose-lose risks, and keeping people involved; and 3. Structure a win-win software
 ...

Author: Friedman, Robert S.

Publisher: IGI Global

ISBN: 9781605660394

Category: Computers

Page: 322

View: 388

"This book is a reference guide to the theory and research supporting the field of Technology and Innovation Management"--Provided by publisher.
Categories: Computers