Book Review

,

Jim Simons | The Man Who Solved the Market | Book Highlights

,

For the first time close to 15 odd people asked me to review a book. Something that has never happened to me before. Seems the author and the publisher of the book have done a good job of promoting the book. Nevertheless it was an interesting read, not particularly insightful for someone who has already done his bit of research about Simmons and Medallion and their likes.

However, I would still call it a recommended read for anyone interested in trading. The book does a good job of emphasizing the role of short-term trading strategies in making Medallion what it is.

JS28.jpg
JS107.jpg

~End~

,

Book Excerpt - "Most investors would prefer Intraday Strategies"

,

Reading the book - Machine Trading - By EP Chan. An I am not surprised when he says this. One may argue, machine trading is different from discretionary trading, but you can become more systemic, by creating rules. But the underlying premise of risk and reward does not change.

 

,

Book Review - High Profit Trading Patterns by Kora Reddy

,

For a while I have been on the lookout for a book on Indian Indexes. Recently a fellow trader recommended this book and I thought of giving it a read. Thanks to my dyslexia I am not a big reader of books, but given that I didn't have any choice here, I thought of reading it.

Before I share my thoughts on the book here are a few excerpts from the book which resonated with me.

1.jpg

I only wish people understand this fact about indicators. 

2.jpg

As Larry Williams says, patterns form because of the way humans/human emotion reacts to the price, and human reaction of greed and fear does not change. 

3.jpg

I have spent months and months looking at footprint charts to see if it could give me a edge in scalping, and I didn't find any. Took some time to realise that price by itself is good. 

4.jpg

This one is gold according to me, I think this is something I share with all developing traders that work with me.

With the excerpts covered here are my thoughts on the book.

  • This is a first of its kind, in terms of a book which uses NIFTY 10 year historical data to analyze price patterns.
  • Very objective and measured in its approach. 
  • A good primer to understand NIFTY
  • A good start to get ideas about testing NIFTY data and creating your own trading set ups.
  • A must read for anyone trading NIFTY on any time frame.

Here is the Amazon link for you, i.e if you want to buy the book. High Profit Trading Patterns Paperback – by Kora Reddy

Request - For heavens sake don't photocopy this book or buy a pirated version. That's the best way to dis-incentivize more people from writing a book.