Book Description
Over 30,000 online investors daily flock to pristine.com, the top-rated Website run by day trading legends Oliver Velez and Greg Capra, for up-to-the-minute strategies and market commentaries. In Tools and Tactics for the Master Day Trader, Velez and Capra revisit and completely update over 100 of their daily commentaries from the past four years, with new material explaining what worked, what didn't, and why.
This no-nonsense, easy read, meant to be referenced by traders every trading day, covers everything from potent trading strategies to intuitive insights on psychology and discipline. Proving once again that the best teacher is experience, Tools and Tactics for the Master Day Trader will help any trader log on with the technical skills, market knowledge, and confidence they need to capture more winning trades, and reap new profits.
Customer Reviews:
THE best book on trading I have ever read........2007-09-09
I had to get this book after reading such a mix of reviews. I was really curious how it would turn out since reviewers were either raving about it or trashing it.
After reading the 1st half of this book I was shocked to say the least. The first half of this book is worth more than all of the books I have read on trading combined. If someone trashes this book then they are either very new to trading and don't understand the points being made in this book(which I can understand because you have to get some experience under your belt to really appreciate what is being said in this book) or they are looking for a quick strategy they can read in 5 minutes and start making money. For one thing, that's never going to happen anyway.
The trading strategies in this book are very basic, so for newbies that part of the book has some good info. I was hoping for a little more advanced analysis of trading techniques, but I really didn't need that anyway. The knowledge and wisdom in the first half of this book is going to take my trading to moon.
For the newbies who didn't like this book, get a couple years experience under your belts then go back to this book and re-read the 1st half. I guarantee you, you will want to come back here and write a positive review.
Interesting book with lack in details by very self-confident authors.......2007-06-09
When I started reading the book by Oliver Velez and Greg Capra: "Tools and Tactics for the Master Day Trader", I thought it was one of the better books on day trading. It starts out with the importance of discipline, and the lessons to be learnt from losses. It also outlines the concept that you don't buy from the market, but there is always another person on the other side of the trade that has exactly the opposite market expectation as you.
Then come four chapters with lists of rules: 7 deadly sins, 12 trading laws of success, 15 things every trader should know, and 10 lessons for the master trader. Altogether 44 rules, which don't seem to be in any systematic order. It looks like the authors were brainstorming to come up with as many rules as they could think of, and then divided them up among the four chapters. Some rules contradict one another, some important rules are next to irrelevant ones etc. Also the "Seed of Wisdom" does not help to sum up the rules because it often is not related to the part that it is supposed to summarize.
In Chapter 10 and 11 the authors talk about tools and start out by explaining things as basic as a candle stick or support and resistance. Then they dedicate two chapters to Order Systems and Level II data, and it takes until page 293 when they finally talk about trading techniques.
After having talked redundantly about general things for three quarters of the book, the authors give their ideas of entry, stop and exit techniques. What I missed most in this part is the lack of exact trading rules. Everything is expressed vaguely (e.g. p.219 "you can also opt to keep the break-even stop. This is a matter of choice." or p.322 "Sell at least half your stock if and when the stock breaks below the 5-minute low. ... These are just guidelines. We don't want to be stupid. ... Many traders will be best served selling the whole lot at this point."). This is exactly the vagueness you can't afford as a day trader. I was also disappointed that there was so little variety in the trade setups (just three entry techniques).
So my hope was high that in chapter 17 "How to put it all together" there would finally be concrete entry and exit descriptions. Instead, the authors just describe common chart formations like any other book on technical analysis (and do a worse job, too).
Throughout the book I noted an arrogant tone (p. 317: "Let's assume a master trader, let's call him Mr. Velez."). The authors speak about master traders, as if they were some kind of rock stars. No matter, how successful you are, if you quit being humble, the market can easily take everything away from you.
I am giving the book three stars because it does cover important topics for day traders like discipline, and learning from your mistakes. If you want to read a more effective book, however, I recommend the one by John F. Carter "Mastering the Trade".
Seeds of Wisdom !.......2007-05-18
Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders.
Velez and Capra give me the impression they have traded before and are not just book writer's. You can learn a few pointer's from this book whether you are just learning or have been trading a while. It covers Candlesticks,Moving Averages, Fibs, Volume and drawing a few trendlines on the charts intraday and daily charts.
It does not go into some of the mathematical lagging stock indicators that some trader's think it might be the "Holy Grail". Those lagging indicators act like delayed instrument gages on your dashboard. Sorry, there is no Holy Grail on WallStreet predicting the future for you... better look elsewhere like yourself. The only "Holy Grail" you will ever find trading stocks is yourself there is no quick fixes to learn to trade stocks it all takes lots of time and practice.
Its to look and observe what a chart's history or footprints tell you with some seeds of wisdom.
I see so many negative reviews here about this books. I am starting to wonder whether those reader's have ever traded stocks or are just rookie trader's learning from their mistakes the first 2 years.
I have traded full-time for years and I can tell you they must be all rookie trader's hoping that a book might have all the answer's for them and their future. It would help them if they read this book a few times until it really sinks in their minds.
This book is a concise,no nonsense approach and covers everything traders need to win consistently.
As a prior reviewer mentioned which I agree...
"The key buy setup, alone is worth many times the price of the book."
Nothing new.......2007-04-18
nothing new, nothing exciting. Everything can be found in books that are half the price. Save your money.
FIVE STARS!!!.......2007-02-27
I would definitely give this book five stars. I really learned alot from it. If you gave it a bad review you either need to go back and read the book again or just skimmed through the book.
and to the person who sid that he "Heard" that they don't actually trade they are wrong and I thought everyone knew not always to believe what they hear. But hey, some people just believe things more easily than others.
and you can't even RATE this book one star because YOU HAVEN'T ACTUALLY READ IT!!!
You skimmed through the book and rate it one star??? WOW. that's all I have to say: wow. I'm not even going to say anything else. and people don't listen to all of those bad revievs out there. It really was a great book and is worth the money. (and so is his newer book)
and to the person who said: "This book TOTALLY rocked. I read it alot because it was so awesome"
YOU TOTTALY ROCK TOO! LOL!
Book Description
We live in a time of vast changes. And those changes call for entirely new ways of learning and thinking. In Five Minds for the Future: Howard Gardner defines the cognitive abilities that will command a premium in the years ahead:
- the disciplinary mind—mastery of major schools of thought (including science, mathematics, and history) and of at least one professional craft
- the synthesizing mind—ability to integrate ideas from different disciplines or spheres into a coherent whole and to communicate that integration to others
- the creating mind—capacity to uncover and clarify new problems, questions, and phenomena
- the respectful mind—awareness of and appreciation for differences among human beings and human groups
- the ethical mind—fulfillment of one’s responsibilities as a worker and citizen
World-renowned for his theory of multiple intelligences, Gardner takes that thinking to the next level in this book, drawing from a wealth of diverse examples to illuminate his ideas. Concise and engaging, Five Minds for the Future will inspire lifelong learning in any reader as well as provide valuable insights for those charged with training and developing organizational leaders—both today and tomorrow.
Customer Reviews:
Five Minds for the Future.......2007-10-17
I was so impressed with this book that I gove it as graduation gifts to five high school and college graduates.
Reader beware........2007-10-08
I purchased this book on the basis of a number of good reviews. As a Ph.D. engineer, I have extensive experience reading boring texts in order to retrieve a few nuggets of valuable information. However, I could not force myself to get through this mind numbingly boring writing style. I'm sure it must be a good book based on the other reviews, but be prepared to suffer mental torture in attempting to read this book.
If you want your Child's Mind Left Behind do not read this........2007-08-17
The ideas in this book deserve the broadest possible scrutiny and review. As we now know, our brains are able to significantly change themselves depending on how they are used and not used.
Dictators, slave owners, and totalitarian regimes have always suspected this. They carefully restrict the arts and depend on rote drill in education. They require competency testing that penalizes teachers that teach good questioning methods and foster disciplined minds that can synthesize, create, and empathize.
Teachers in the USA today are increasingly being overwhelmed by the requirements to teach facts and specific skills. School facts are often dated, while updates are instantly available via an Internet search. Thinking abilities (other than rote memorization) are not being taught because our tests are not well designed to assess Gardner's categories. The ability to synthesize (transfer and apply what we know from an array of experiences and sources), create (the ability to think divergently and imaginatively to produce better scenarios), and/or empathically (Gardner's terms are `respectful' and `ethical') are not as simple to assess. Consequently, facts are taught without time to learn how to question the viability of what is learned.
Assessment tools could be vastly improved if we had the creativity and the will to see what Gardner tries to tell us. I believe that computer programs could be developed that would assess education for Gardner's mind categories rather than simply for the rote accumulation of information that is often unconnected to what we need in life.
Any parent who does not care if their child's mind is left behind should not read this book. I pity children in schools that are under pressure to focus on learning without thinking. They are being brain damaged. If we want to see more capable and caring people in the future, this book is a starting place. Any leader of company, political entity, or other organization should not read this book if they are content with staying behind and coming in last.
Five Minds Provides Wake-up Call for Educators.......2007-08-14
Five Minds for the Future is an excellent look at the wider picture of how we need to use our brains to accomplish the tasks we will be faced with in the coming years -- both for our planet, our communities, our workplaces, and our families. This should be even more of a wake-up call to educational institutions across the world than Gardner's Theory of Multiple Intelligences because it is about global approach to education (global in terms of "big picture").
A Map for Educating the New Philosopher Kings.......2007-07-17
The learned ancient Greeks were fascinated by what an ideal education would involve. Why? They hoped to apply that education to the kings of the era and to create a better society through the leadership of the kings. That ambition came closest to being fulfilled through Alexander the Great, who became a highly effective conqueror and spreader of Greek ideas and values.
Professor Gardner takes up this challenge once again in perceiving new challenges for modern people that will be more difficult to meet in the future. I suspect that his vision is, in part, aimed at the same goal as the ancient Greeks except as executed through the leaders and most prominent citizens of a republic employing democratic principles.
In a break from his prior focus on multiple intelligences, Five Minds for the Future emphasizes five methods of thinking that he hopes to see integrated into individuals. These methods of thinking are based on:
1. Mastering an important subject matter (such as history, math, or science) and staying up to date through application of the discipline's method of thinking. This is quite different from knowing the facts of the discipline.
2. Being able to integrate large quantities multidisciplinary facts and apply them into one's work.
3. Posing new questions, developing new solutions to existing questions, stretching disciplines and genres in new directions, or building new disciplines.
4. Being open to understanding and appreciating the perspectives and experiences of those who are different from the individual.
5. Doing one's work in an ethical way that reflects responsibilities to others and society.
What does this boil down to as a problem? Basically, most people never get as far as mastering one important discipline. They just memorize whatever is needed to pass tests. Professor Gardner's own work documents this problem. As a result, we face a hollowing out of our civilization as most people lack the ability, education, or interest to do more than function in an everyday living fashion. Beyond that, some of those who can perform a discipline are tempted by treasure or fame to stretch the rules and not honestly perform.
If we step back another few feet, there's an implicit vision of a future that's led by a smaller and smaller number of people as a percentage of the world's population. It will be easier for rot to set in at the top. In addition, the rewards for those people will grow exponentially . . . tempting those of limited ethics to falter.
I think the risk is a genuine one, and I applaud Professor Gardner for penning this book. I hope he will follow it with more books that spell out more about how to educate others and ourselves (after we leave school as students) so that these goals are achieved.
I have a few quibbles that I mention only in the spirit of sparking an awareness of what's needed. Peter Drucker taught me that the educated person should learn enough about a new subject each year to appreciate and be able the discipline involved. I found that suggestion missing from this book. Without that bridging method, I suspect we'll just end up compartmentalized from one another.
In addition, I think that some areas of public responsibility lend themselves to combined perspectives that encompass these minds more efficiently than by keeping them separate. For example, the advanced leader who is good at accomplishing continuing business model innovation will be able to cross these five boundaries and many others . . . simply by knowing one discipline. I suspect that other fields also lend themselves to such new integrating disciplines.
I also found that Professor Gardner mischaracterized the meanings of many of the business examples he cited. He does, however, do a fine job of summarizing what academics have written about business. I suggest that he have someone who is more familiar with business than he is help with checking such examples in future books. I realize that this book is published by Harvard Business School Press, but editors of books don't necessary have mastery of the facts within the subjects they edit.
Bravo, Professor Gardner!
Book Description
Published in 1996 and written by Larry Connors and "New Market Wizard" Linda Raschke. This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies.
Among the methods you will be taught are:
* Swing Trading - The backbone of Linda's success. Not only will you learn exactly how to swing trade, you will also learn specific advanced techniques never before made public!
* News - Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders.
* Pattern Recognition - You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves.
* ADX - In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator.
* Volatility - You will learn how to identify markets that are about to explode and how to trade these exciting situations.
* Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!
Customer Reviews:
Street Smarts.......2007-01-26
I never received the book. Apparently the seller used the slowest form of shipping there is. No one knows where the books is. He shipped on 12/27/06. I have since had the sellers refunded and took that business elsewhere and received it in 3 days time.
if you don't like this, you don't understand trading.......2006-12-05
you can always spot s loser by one of (or both) of two reactions:
1- They want to get into a business to make money but think $200 is too much!!
2- They expect what they read to agree with their bias
Anyone who wants to make money but thinks a book is expensive at $170 has the wrong personality for trading. If you are like that, you have no business trading because you are too greedy and a coward.
Secondely, when you are making a comment about someone, it is really important to REALLY be sure that what you are saying is acccurate. The implication that Linda does not make money trading is just ridiculous. The woman is a bloody Market Wizard, for God's sake! She is also a pretty crap promoter of her services.
The book is excellent. The question is: does it contain methods that can make you money? Of course it does. You guys are clearly sleep walking because you are concentrating on believing that every method in the book will make you money all the time under any circumstances. Quit believing that and pick the ones that work under different market conditions.If you can't, it is your fault, not the book's.
If you watch Linda trading, you will see her using those setups under the right conditions. The fact is, if you cannot make money trading the setups in the book, you are either new and have to learn the basics first, or you are not cut out for this business.
This book is over priced and an absolute waste of precious time! .......2006-09-22
If you are new to the trading game, try to avoid getting sucked into the fantasy world of imaginary trading setups.
Turtle Soup, Momentum Pinball, 3 Little Indians? Are you kidding me! Talk about sell the sizzle, not the steak.
Understand the markets first, I would recommend reading books published by the CFA Institute, then read about accomplished traders, you know the guys who actually make money trading as a profession (Dennis, Tudor Jones, Borsellino, etc), then develop your own approach to the markets.
If you're interested in Technical Analysis, you can join the MTA (Market Technicians Association),its well worth the time and money.
Save your money folks! There are plenty of quality classic trading books out there for 90% less, and without all the mindless drivel.
Buyer Beware!!!!!!
Expensive???.......2006-08-23
I bought this book on a recommendation from another trader. I paid a lot less than the $175 they are asking now, but I still thought it was very expensive. I read through half of the book and thought it was interesting. On one of those days I had the book open on my desk and realized that one of the patterns from the book was forming! I waited till the right moment and took the trade on 2 year treasuries. Exited the trade about a minute later with a $225 profit. That paid for the book on a single trade.
I realize I could have also lost $225 on that trade, then the cost of the book would have been around $350. I was now happy with the purchase of the book. I looked for more trades, but did not find any that week. Then the book got pushed aside and forgotten about. I found the book again last week because I heard someone mentioning it. I pulled it out and reread it.
I think the book has something to offer. Is it too expensive? That is hard to say. For me it became free after one trade. Was I just lucky? I don't think so because I can scroll through charts and see a lot of the set-ups in hindsight. So the trades are there, its just a matter of being there to pull the trigger as they happen.
I hope to get more out of the book from this second reading. One thing I have noticed is that many times I read a book and get something. Then upon rereading it I pick up many thoughts that I did not see or understand during the first reading. Maybe I wasn't ready at the time, but having many dozens of books under my belt and lots more life experience in between the first and second readings, I was able to digest more.
Who gave woman a free pass?.......2006-08-07
I am aficionado of good books on technical analysis and this is certainly not a good one! Many of the techniques described in this book were invented by me as well many years before this book was published. Subseqeuntly, I discarded them into my recyclcle bin as worthless. I am not even a full time investor, devoting a good share of my time to real estate. I am just surprised that people are gullible enough to accept this tripe. This expensive book, expensive seminars, expensive internet service. What is this huckster going to come up with next. Perhaps she has gotten away with this sham because she is a female in a predominanatly male business. I too am involved in the national technicans group and I am embarrassed to be associated with such ilk. I have much to contribute to this industry and look forward to doing so in the future. In the meantime, I can only hope these market charlatans mend their ways.
Amazon.com
Like many savvy business people of the 21st century, David Bach offered his first pearls of financial wisdom to women, in his bestselling book Smart Women Finish Rich. Recognizing that these women are often accompanied by significant others and that money arguments are the number one cause of divorce in America, Bach has now broadened his scope. Presumably intended to help change this depressing statistic, Smart Couples Finish Rich is a well-written financial planning tool, packed with useful charts and information, inspiring examples, and practical advice.
For people who've been disappointed by the shallowness of some of the "quick tips" self-help books out there, the subtitle of this book is a little misleading. Bach's nine steps are not instant change techniques or chirpy little quips to recite to yourself whenever you go to balance your checkbook. Instead, the first few steps include a series of exercises that will help you determine what you know (and don't know, or understand) about saving and investing, what role money should play in your life (which includes understanding your values), and how to work together toward a common financial goal. From there, Bach teaches his readers how to account for "disappearing" money, how to build retirement, security, and dream baskets of wealth (providing detailed options for all three), and how to avoid the most common financial mistakes most couples make. Though the focus of the book is predominantly on working with your existing income, Bach includes a final chapter entitled "Increase Your Income by 10 Percent in Nine Weeks."
Bach's writing style is engaging and his advice is user-friendly. A successful financial planner, he obviously believes passionately in all the "fringe" benefits of being financially responsible but employs a no-nonsense approach that makes financial smarts available to everyone. So whether you're 25 and just starting out on the earning, saving, and spending road or you plan to retire next year; whether you've recently got hitched for the first time or you've just entered your fourth marriage; and whether financial planning comes first or last on your list of fun things to do, the advice in Smart Couples Finish Rich is worth heeding. It's not about becoming a money-obsessed bore, it's about getting smart... and rich. --S. Ketchum
Book Description
From first-time newlyweds to people on their second or third marriage, couples face an overwhelming task when it comes to money management. Nationally renowned financial advisor and bestselling author David Bach knows that it doesn’t have to be this way. In Smart Couples Finish Rich, he provides couples with easy-to-use tools that cover everything from credit card management, to investment advice, to long-term care. You and your partner will learn how to work together as a team to identify your core values and dreams, creating a financial plan that will allow you to achieve security, provide for your family’s future financial needs, and increase your income. Together, you’ll learn why couples that plan their finances together, stay together!
Download Description
Fighting about money is the number-one reason for divorce in America. David Bach knows that it does not need to be this way. In Smart Couples Finish Rich, David Bach makes his tips available for everyone trying to navigate the complex joint-finance waters.
Customer Reviews:
Pretty Good. Pretty, pretty good........2007-10-20
Since reading this book, I have earned a 10% raise--no small feat as we're in the middle of a corporate merge and have increased my contribution to my 401K from 6% to 10%. I have also opened a money market account where I keep my emergency fund. The book motivated me to take the necessary steps to do so. I have also focused in on my dreams and try to make sure the money I spend is helping me achieve them. I've made small steps so far--and I know that if I stay focused it will happen. Bach emphasizes the importance of small steps--not just in achieving financial goals--but in achieving life goals as well. I plan to re-read this book in a year's time to re-motivate myself and of course congratulate myself on the progress I've made. :)
Helpful for all couples planning a future.......2007-09-04
Much of this information can be found elsewhere. I like his idea of dividing savings into the retirement, security, and dream 'baskets'. Many people do not understand that there are different types of savings and that they are all needed to live a happy and healthy life. He even gives advice on the types of investments for each 'basket'. Most of his advice is invaluable and the book is well worth it.
Self Help Finance.......2007-08-25
If found this book very helpfulas a new married couple. It is an easy read without all the financial jargon and is something you can read and actually put into use. Great resource!
Time Waits For No One..............2007-07-12
I originally purchased this book for my son and his wife, but after a month went by and I discovered that it was still laying near the computer where he left it, I picked it up and read it in one day. The information contained is concise, relevant, on-time and indispensable for any couple at any stage of their relationship, hey, as indicated by a scenario by the author, it might even save their relationship. My son and his wife are young, she budgets and is a spend-thrift but he is Houdini with his money, it just diappears: he can never account for his spending and he has not disciplined himself to save. I take the blame for this lack of discipline because I did not always actively encourage him to save his money. The book even addresses this issue, advising parents how to actively involve their children in financial matters. I wholeheartedly agree with David that financial issues should be taught in school. There should be a curriculum designed to address this deficiency in the American educational system. I just wish that I had had this book when I was married. It would have given me a head start, a tremendous guideline, a map, a light in the tunnel to the financial issues that have confronted me over the years. Young couples, married or not married, sit down and read this, it's practical and it is doable and you will not regret it, believe me...time waits for no one.
get control of your finances.........2007-06-27
This is the book which helped me priortize and organize my financial records and life. The information is organized into 3 baskets(retirement, security & dream) based on their priority. It has helped me immensely to
have discipline and control in my financial life. I followed the steps, plan to maximize my retirement contibution this year, now have a security fund, bought life & disability insurance to secure my family and organized my financial records using inventory planner.
Download Description
Commodities are hot! Learn how to profit now from this exceptional alternative to stock investing. 300,000 new investors start trading futures for the first time every year. Expert insight from a successful trader with over 25 years of real-world experience. Presentation is paced to provide a sound introduction all the way to sophisticated techniques in futures and commodities trading
Customer Reviews:
a balanced introduction.......2007-07-30
If trading is about markets, psychology, technique, then this book is an excellent introduction to these areas. Beeing balanced and only 250 pages, the book does not cover the areas in much depth. This might be a positive or a negative according to what one wants. 5 stars because the book is easy to read and gives an excellent big picture view on trading.
Great Book with a lot pf tips .......2007-05-07
this book is ideal for beginners and pro's that need some directions on how to make things the right way, i must say i enjoyed the small stories in between , overall whoever is looking to begin trading futures it is a must
Excellent Place to Start Your Commodites Trading Education.......2007-05-05
George Kleinman does a fantastic job of explaining the Commodities and Futures markets. Further, he does a great job helping a new trader get some 'legs' to stand on. He provides valuable insight into developing a trading methodology, and helps the beginning trader 'find his way' in the plethora of trading solutions out there. He demystifies how trading is done, and provides solid "Western" and "Conventional" trading practices so that the beginning trader has an excellent foundation to expand their knowledge. I would say that George's suggestions and lessons in the book are the basis for my knowledge (book smarts at this point) and provided the grounding necessary for expanding my knowledge base into Fibonnaci, WD Gann, Candlesticks, and so much more. Basically, it is my opinion that every beginning trader (not stocks but Commodities and Futures) should read this book. He does an excellent job explaining how trades, stops, support, resistance, MACD, Stochastics, Trend Lines, many other various methodologies can aid a trader into making good trades. I highly recommend this book.
Reference book.......2006-07-29
This is a book esp. for begineers. You can find every detail about futures & options. The stories and examples makes the book even much valuable.
Chapter 12 (Traders Psychology), Chapter 13 (Trading Secrets) and Chapter 14 (Jesse's Secret) are good to read even for experienced traders.
The worst part of the book is technical tool TMVTT.
It's a book that you can use as reference anytime. Good to have one.
WRITTEN BY A SUCCESSFUL TRADER.......2006-03-11
If you are interested to start learning about trading Futures, this book is a good reading. Basic to medium level information, well presented.
Average customer rating:
- A solid introduction to Biotech from a business perspective
- Extrememly lucid, well thought out analysis
- Not what I expected
- Science Business: the promise, the reality and the Future of Biotech
- Important background
|
Science Business: The Promise, the Reality, and the Future of Biotech
Gary P. Pisano
Manufacturer: Harvard Business School Press
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Binding: Hardcover
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| Qualifying Textbooks - Fall 2007
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ASIN: 1591398401 |
Book Description
Why has the biotechnology industry failed to perform up to expectations—despite all its promise? In Science Business, Gary P. Pisano answers this question by providing an incisive critique of the industry. Pisano not only reveals the underlying causes of biotech’s problems; he offers the most sophisticated analysis yet on how the industry works. And he provides clear prescriptions for companies, investors, and policymakers seeking ways to improve the industry’s performance.
According to Pisano, the biotech industry’s problems stem from its special character as a science-based business. This character poses three unique business challenges: 1) how to finance highly risky investments under profound uncertainty and long time horizons for R&D, 2) how to learn rapidly enough to keep pace with advances in drug science knowledge, and 3) how to integrate capabilities across a broad spectrum of scientific and technological knowledge bases.
The key to fixing the industry? Business models, organizational structures, and financing arrangements that place greater emphasis on integration and long-term learning over shorter-term “monetization” of intellectual property. Pisano maintains that all industry players—biotech firms, investors, universities, pharmaceutical companies, government regulators—can play a role in righting the industry. The payoff? Valuable improvements in health care, and a shinier future for human well-being.
Customer Reviews:
A solid introduction to Biotech from a business perspective.......2007-07-26
I found this book to be well-researched, current, and insightful. If you're at all interested in the biotech business, especially in starting a company or investing, read this book first. Pisano's narrative really helps one understand the foundations of the biotech industry, and sheds some light on what does, and doesn't, work within that industry. The fact that it's off the Harvard Business School Press gives it additional credibility, which is well deserved. A wealth of references, as well as a listing of the companies listed in the study, give the reader both a sense of the research that went into the book and a start on the search for more resources on the subject.
Extrememly lucid, well thought out analysis.......2007-05-17
For my money, most business school professors write with a detached, dry atmosphere about business topics.
Not Gary Pisano!
He has a strong point of view that the ecosystem for biotech is not working well. His observations about why are right to the point and convincing.
His prescriptions are well worth considering.
If you're new to biotech, this is a great book to start out with. I would then proceed to Building Biotechnology, which is also a fine book.
Not what I expected.......2007-05-02
I don't know what I expected from this book, except for some new insights on how to invest in the biotech industry. I was extremely disappointed to find a whiney critique of biotech companies that take enormous risks in discovering new life-saving or life-improving chemicals, and oftentimes crash and burn in the process. Well, that's capitalism, for ya'! Would the author prefer a centrally run system in which lazy bureaucrats barely advance scientific discovery? It all comes back to risk and reward. This book is the updated version of complaints about Silicon Valley, and the dot-com bust. OK, the technology business may not be profitable as a whole, but the efforts of millions of people in the pursuit of the big payoff has created great advances and has improved lives in making people more efficient, more educated, and less carbon-intensive.
Science Business: the promise, the reality and the Future of Biotech.......2007-03-15
While many of us in the biotech industry are aware of products, companies and issues, this invaluable book is not only a great resource but an important guide and should be recommended reading for all biotech industry executives as well as investors.
Important background.......2007-03-13
This book is an excellent example of applied academic research. Pisano and his Harvard team have dug deep into the economics of biotech. What he describes is an industry that is not performing as expected, and he points to some possible reasons for this. Perhaps my favorite single sentence in the book is, "Deals alone can never create value." A more speculative statement from the same paragraph is: "As a percentage of the total workforce, biotech may have more people involved in business development than any other industry (almost certainly the highest per dollar of revenue)." Why? Well, that should be the subject of another book.
Highly recommended to those digging into biotech issues; not at all for those who want a quick-fix-read to tell them what to think. That's a compliment, but does point up that the audience for this is limited.
Book Description
Trading Optures and Futions is a complete course on how to put money in your pocket trading with combinations of futures and options. More than that, it's the trading course you've been hoping for. It gives you explicit, detailed information about an exciting and novel way to win BIG money
In this fascinating course, Joe Ross reveals the innermost secrets of the options traders along with the best of futures trading. He teaches you step-by-step how to win.
You will see: Who the real competition is in the options and futures market and why they don't want you to know the truth about options. What your broker won't tell you and what he can't tell you.
Customer Reviews:
Better than any Futures course being offered today.......2006-07-26
This is the only trading book you need in your library. If I was going to do it all over again as a trader I would buy this book and Mark Douglas' The Disciplined Trader. Better than most of the seminars being touted today and in my opinion better than software that predicts with almost XX% accuracy for 50 times the cost of this book. I have all of Joe Ross's books and this is by far the best one.
The Thinking Person's Way to Trade Options.......2000-03-24
Joe Ross has written the best strategy guide for trading options I have ever seen. This book shows you how to blend the best features of option trading together with the best of futures trading. The book is a classic, and with each reading, I gained more and more understanding of how the markets really work, and how to take advantage of combining options and futures.
If you are an option trader, you need the understanding of the underlying futures as presented by Joe. If you are a futures trader, Joe shows you the simple and most straightforward way to bolster your futures trading by adding to it the world of options.
To say that this book is outstanding is to vastly underrate its contents. A bargain at any price and worth far more than its cost.
Book Description
The option day trading blueprint you've been waiting for!
Options day trading is no walk in the park. But it is your most potentially profitable way to take advantage of the day-trading phenomenon. Put the odds in your favor with Demark on Day DeMark and Thomas DeMark, Jr. Forget complicated formulas! Instead, this nuts-and-bolts guide gives you a set of option trading techniques, indicators, and rules to limit risk without sacrificing profit. You're shown how to:
*Select, design, and build your own highly-personalized trading model
*Use filters and screens to select optimal option trading candidates
*Identify low-risk entry points in up, down, or even sideway markets
You get savvy tips for buying puts or calls based on market, industry, or underlying security ù even get a phone number to get a free, updated TD Indicators demonstration disk. For three decades, traders using breakthroughs like the DeMark Indicators have made fortunes. Now it's your turn!
Download Description
Electronic day trading of Internet stocks may be making the headlines ... but the entire field of day trading has exploded! DeMark on Day Trading Options is the first book to combine two of today's hottest trading phenomena -- day trading and options trading -- into one exciting blueprint for making money in volatile markets.
After first reviewing the basics of options. Tom DeMark -- renowned as a pioneer in technical analysis -- breaks new ground by introducing methods and techniques specifically designed for day trading options. He provides insights on selecting the best options to trade for specific markets. details how traders can accurately predict market movements and introduces the ingenious option trading variable he developed.
Customer Reviews:
This book is great.......2006-08-02
The previous reviewer cites the perception of the author's inflated ego. I too was distracted by the author's tendency to refer to "TD" indicator this and that and this disturbed me. However, i had the good fortune to meet the author at a Bloomberg seminar and the author explained why he chose to preface his indicators with the 'td'. The justification he gave was that his attorney wanted him to trademark and control the indicators and that was the effective way for him to accomplish that goal. I accept that reason and more than that I can overlook the petty complaint that it is distracting by concentrating upon the value I find in the indicators. I say call them whatever the author wants to since bottom line they are the best I have seen in my 35+ years in the industry.
Ummmmmm..........2006-07-25
You may want to think twice about this one. Not to be negative, but it is very hard to follow. Clear and concise dialog is absent in favor of unnecessary "branding" if you will of common techniques mixed with completely unverified and difficult to back test methods for trading the markets. This is trading celebrity gone wrong. I would love to know the remaining balance of an investment account traded with these "TDious" indicators. You can at least save yourself from this trade.
Prescription for successful trading from a true genius.......2006-06-16
My trading partner introduced me to the author's work. He told me that the author had worked closely with Paul Tudor Jones, Leon Cooperman, Steve Cohen and other industry titans. To be associated with these guys, he had to have something of value. After reading his books, my conclusion is that he truly possesses a creativity and market awareness that is unmatched in the industry. Although the ideas he presents can be profitably applied, I am certain that he does not share everything he knows with the reader. Regardless something is better than nothing.
The author is a market genius!.......2006-01-02
Prior to xmas and on my birthday I received a copy of DeMark's 'New Science of Technical Analysis'. I have been a professional trader for over 20 years and currently head up the trading operation at one of the major Wall Street firms. I thought I knew how market operateed and I shared my expereince on TV, radio, and in newspapers for years. Upon reading this book and as well ass the other two in the DeMark set, I have gained a profound new awareness how markets truly behave. The author is beyoind peer in defining and describing the intricacies of price behavior. What an enlightening series of reads.
Actually, 4 1/2 stars but truly a ground-breaking book.......2005-02-16
I enjoyed this book immensely and since I have been trading for over 30 years and never read anything approaching the uniqueness of this book. I also read with much interest the author's other two bboks. However, the reason I would prefer not to assign a full 5 stars is because I truly believe the author knows much more than the general (and sometimes specific) ideas he posits in the books. I realize that the author has no obligation to share more than the very helpful ideas we find within the pages of the book but it would have been much, much more useful to include more information. I assume that for the small amount of money invested in the books, he did not want to provide more information. Also perhaps the size of the book would be volumes. Nevertheless the new, original ideas included in the book are compelling and very helpful.
Book Description
The Encyclopedia of Trading Strategies is for traders who want to take the next step to consistently profitable trading. The authors--themselves seasoned veterans of the futures trading arena--pinpoint the trading methods and strategies that have been shown to produce market-beating returns. Their rigorous and systematic backtesting of each method, using the same sets of markets and analytic techniques, provides a scientific, system-based approach to system development...to help you assemble the trading system that will put you on the road to becoming a more consistently profitable trader.
Customer Reviews:
I liked, but it could be better.......2007-03-25
I liked this book.
it presented many ideas and a right pragmatic approach to test a trading system.
I found tough the statistics part, but it's not an author's fault: it's statistics.
in the final part I found many repetition (many pages might be saved just writing: " hey, for this system we apply the same said at pag. xyz..").
Only two things remained a mistery to me (but I'm not much intellingent..): why didn't the author make any test for longer horizons? in the end, the strategies never approached a longer term trading strategy: usually the trades last few days.
maybe it's not worth? the author doesn't tell us
ah, and it's not an encyclopedia: why did he choose this name?
this is the second mistery...
Too Technical for Me.......2006-11-05
The Encyclopedia of Trading Strategies is well written and is a good book if you are looking for something very technical and mechanical. I was disappointed with the book. I thought it would offer chart set ups or set ups per technical indicators. Instead, it offered codes, etc for setting up mechanical systems.
Research oriented traders, read this one!!.......2005-12-27
Wow! For the research oriented person, this book is great! Not
only does it go over large variety of different approaches
to the commodities market, but the authors let you know the
pitfalls and traps to various methods of evaluating the markets.
The book is written in a concise manner that allows quick naviagation
and further study of any desired topics. The authors have
documented their sources well and really covered a lot of ground!
A *must* read for traders! *AND* I was interested in
the companion CD, called the number listed on the web site
and got to speak with one of the authors! He was very helpful
and answered all my questions right away! You can't beat
that for service with a book!
Best Book on Building Trading Strategies.......2005-12-19
This is by far the most complete and advanced work I've read on the subject. However, read Robert Pardo's "Design, Testing, and Optimization of Trading Systems" first if you are new to backtesting.
A must read for strategy traders.......2005-09-07
This is a good book. Everyone who is thinking about trading and/or is trading already should get a copy of the book. There isn't any "holy grail" strategy in this book, by the way. Rather, this book is about teaching how all these different indicators have performed under strict test conditions and unveils some of the mysteries about different strategies that people have talked about over the years. IMO, the author's work can be the basis of a great system. The first step has already been taken by the author, and you just have to elaborate it to add your flair and style. Happy trading!
Customer Reviews:
Great Introduction: Practical Common Sense, Little Vodoo, No Magic.......2006-12-07
Kamich's book is not for the expert technical analyst or a professional day trader. It is appropriately respectful of quantitative and fundemental analysis, limits its discussion to the most proven and reliable indicators, and offers some clever speculation about the underlying dynamics of market structure and market participants that explains why technical analysis may be useful. It also provides a little history of technical analysis back to Dow.
The most provocative parts for me were the sections on gap analysis, volume confirmation, and his excellent chapter on reversals.
For someone who either does not know anything about technical analysis or else thinks of it as the astrology of modern finance (or the Rorschach Ink Blots), Kamich's book is a solid and sensible introduction that is as convincing as it is useful.
Note that this is not a catelog of all the major technical indicators or trends in technical analysis. For that book, buy "Murphy's Technical Analysis of the Financial Markets" also from the NY Institute of Finance.
Whether you believe in technical analysis or not, know that the people you are trading against do use these techniques and either way you should know what other participants are seeing in terms of signals and opportunities. This book is an exceptional start.
Not bad, but not great.......2006-07-04
Definately provides a good review of many TA approaches and I really like how Kamich inputs his personal commentary on the market psychology represented by the charts. The big weakness of this book is the lame charts. Considering this is a TA book, which is all about charts, one would think there would be good examples... There are not! I found myself drawing many of the charts he described. In my oppinion, he should have provided them.
A very good balance.......2005-12-22
Kamich provides a very nicely balanced approach, providing a thorough presentation without becoming an encyclopedia of every obscure technical tool available. The book was written long enough after the 2000 peak that the charts provide both bull and bear examples.
Excellent book, but not perfect.......2003-09-30
This is an excellent book for beginners and intermediate traders. It explains TA in a deep but simple way. The real value of this book (for me) is that it explains what is happening, who is buying and who is selling during chart patterns. It also explains how to trade each pattern.
After reading this book i feel much more calm and confident about what is actually happening on the markets. I can now have my own ideas of market movements, despite news, newsletters and other bloated sources of information. This book will serve as a reference for years to come.
The section on chart patterns is deep and complete. It contains all needed informations, but keeping a focus on price action.
The section on indicators covers (well) the most common ones. I would have liked more indicators.
A TA good book but not amazing.......2003-07-02
This is a solid book but it is not a 5 star book. Probably closer to 3 1/2 to 4 stars. Lots of stuff about pennants, flags, support lines, etc. The author does walk you through using the indicators which is very helpful. A lot of TA books describe and indicators and fail to tell you what to do with it. The sections on RSI and stochastics are also good.
I have been using some of the ideas with powerinvestor.com's software and been very pleased. Their web site uses simple to use sector models that have returned 30% a year since 1996.
...
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- Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders
- Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude
- Trading Risk: Enhanced Profitability through Risk Control
- Wall Street Journal Guide to Understanding Money and Investing (Wall Street Journal Guide to Understanding Money & Investing)
- Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
- West Federal Taxation 2007: Corporations, Partnerships, Estates, and Trusts (with RIA Checkpoint and Turbo Tax Business CD-ROM)
- West Federal Taxation 2007: Corporations, Partnerships, Estates, and Trusts (with RIA Checkpoint and Turbo Tax Business CD-ROM)
- West Federal Taxation 2007: Corporations, Partnerships, Estates, and Trusts (with RIA Checkpoint and Turbo Tax Business CD-ROM)
- West Federal Taxation 2007: Individual Income Taxes, Volume 1, Professional Edition (West Federal Taxation Individual Income Taxes)
- West Federal Taxation 2007: Individual Income Taxes, Volume 1, Professional Edition (West Federal Taxation Individual Income Taxes)
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