Author: Lawrence

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Elliott Wave Principle: Key To Market Behavior by A.J. Frost and Robert R. Prechter

Summary

The book that defines the Elliott Wave technical analysis method. The concepts presented in the book and the supposed confirmation of the principle by the example charts do not follow the principle of scientific method. Elliott Wave is not proved (nor disproved) to be useful for trading by the book although many people may be misled otherwise. I cannot recommend this book.


Book Information

Elliott Wave Principle: Key To Market Behavior
Written by A.J. Frost and Robert R. Prechter

Rating

Useful
Original
Readable
Average

Continue reading “Elliott Wave Principle: Key To Market Behavior by A.J. Frost and Robert R. Prechter”

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Investment Secrets of a Hedge Fund Manager: Exploiting the Herd Mentality of the Financial Markets by Laurence A. Connors and Blake E. Hayward

Summary

Good book with clear trading rules. Many statistics and actual examples are there to explain what the trading setups are trying to accomplish. Not a book for beginners as the information provided are quite technical in nature. The language used can be offending to people who cannot put down their ego to see what the other side of the game has been doing to take their money.


Book Information

Investment Secrets of a Hedge Fund Manager: Exploiting the Herd Mentality of the Financial Markets
Written by Laurence A. Connors and Blake E. Hayward

Rating

Useful
Original
Readable
Average

Continue reading “Investment Secrets of a Hedge Fund Manager: Exploiting the Herd Mentality of the Financial Markets by Laurence A. Connors and Blake E. Hayward”

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Arthur Benjamin: Teach Statistics Before Calculus!

I cannot emphasize enough the importance of thinking in terms of probability and how useful it is for anyone in making any kind of decisions that involve trade-offs and risks.

In this TedTalk, Arthur Benjamin provides some very good reasons why it is better to teach everyone statistics over calculus.

Personally, I find that it is never too late to learn statistics and think in terms of probability. It is not just a very good tool in making trading decisions. It is also a life skill that can transform your life and put you in better perspective of things happening around you and on you.

When I get the chance I will write about these interesting stories with the people I encountered whom I showed them how to think probabilistically. It is a life transforming experience for them. I learned a lot from sharing my thoughts with them too. It is something I always remember as it shows that a slight change of perspective in an individual can make all the difference.

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