Spread Trading: Low-Risk Strategies for Profiting from Market Relationships
Author: Howard Abell
List Price: $40.00
Our Price: Click to see the latest and low price
ISBN: 0793124255
Publisher: Dearborn Trade Publishing (June, 1997)
Sales Rank: 96,259
Average Customer Rating: 3.44 out of 5
Customer Reviews
Rating: 2 out of 5
Title is misleading....
The title is very misleading due to the fact that this book contains no trading strategies. It does, however, do a good job of talking about the psychology of trading (one of the most important aspects). The interviews are good but contain no real practical knowledge. In my opinion, save the money and go for another, perhaps more advanced book if you're concerned with trading strategies. I will not even recommend this book to the beginner for it requires a broad knowledge of how the trading floor works. This book mentions little about value (the MOST important thing about legging and trading spreads). As far as spread trading goes, this isn't the one. Dan Vassallo (New York Cotton Exchange).
Rating: 1 out of 5
Waste of Money
The book was written 1997, do not get confused with the publishing date of 2003. The printed daily line charts are from 1997 without hardly any description. The same almost applies to the numerous useless pages filled with tables of historical spread trades that could have been done between 1981 and 1996. This book does not contain stategies at all. Furthermore the book is full of sentences of the following kind: "Computer generated Numbers. Most traders have a library of proven computer numbers. They may be applied with success in spread trading. The only caveat however, is that they usually are not self-contained systems and should be used along with the several other devices I have spoken about."
My advice: Walk away from this trade!
Rating: 1 out of 5
Disappointing
If I had wanted a psychology book I would have bought one! Mr. Abell is obviously obsessed with the subject as there is almost nothing in this book that gives the nuts and bolts of spread trading. 45% deals with the psychology of trading, 45% of it are interviews with "successful" spread traders, and the remaining 10% if you discount the charts deals with spreading. Save your money. Similar Products
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