Book description
Hands-on tools to identify and profit from the market's recent patterns
Trading is all about managing probabilities. In Trading with the
Odds, Anthony Trongone explains that the quest for developing a
perfect system, which drives most traders, is fruitless. Instead,
traders should focus on developing the analytic and trading skills
necessary to stay in tune with the constant evolution of the financial
markets. In this book, Trongone emphasizes the importance of testing
and monitoring trading strategies and raw market data as a means of
developing an edge over other traders who are unwilling to get their
hands dirty and dig into the data on a continuing basis.
Importantly, he shows that Excel, a program almost all traders are
familiar with, can be utilized to measure virtually every important
aspect of trading system performance and to search for tradable market
patterns. In addition, the book includes several applications that
will allow you to calculate current market conditions and market
patterns based on time of day, intermarket relationships, and other factors.
- Advocates an analytical approach which evolves in concert with
changing market conditions
- Explains why it's hard to make money from off-the-shelf systems
and indicators
- Provides in-depth analysis of other major industries generating
worthwhile IPOs
- Includes applications that allow users to calculate recent
market patterns
Underlying Trongone's approach is the conviction that traders must
constantly innovate in response to the market, and those that rely on
static analysis, will fail to achieve the results they expect.
Dr. Anthony Trongone earned his PhD from NYU in 1987. He is a
Certified Financial Planner as well as a Commodity Trading Advisor. He
is one of the Master Educators for eSignal and has written over sixty
articles for various trading publications, including twenty-three
articles for Technical Analysis of Stocks & Commodities.
Besides his extensive trading experience that includes trading equity
futures in the commodity pits, his twenty-five years teaching graduate
courses in finance, psychology, and quantitative methods in the United
States as well as many cities in China and Taiwan, has given him a
dynamic perspective on trading the equity markets. Trongone is an
intraday trader who attributes much of his success to consistently
playing the percentages along with making trading decisions without
the emotional distractions, which often hamper our ability to achieve
mastery over the markets.
