The risk of trading: mastering the most important element in financial speculation
"Develop the skills to manage risk in the high-stakes world of financial speculation. The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading--risk management. The book puts a magnifying glass on the issue of risk, something that...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ
Wiley
2012
|
| Schriftenreihe: | Wiley trading series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | "Develop the skills to manage risk in the high-stakes world of financial speculation. The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading--risk management. The book puts a magnifying glass on the issue of risk, something that every trader needs to understand in order to be successful.Most traders look at risk in terms of a "stop-loss" that enables them to exit a losing trade quickly. In The Risk of Trading, Michael Toma explains that risk is ever-present in every aspect of trading and advocates that traders adopt a more comprehensive view of risk that encompasses the strategic trading plan, account size, drawdowns, maximum possible losses, psychological capital, and crisis management. Shows how to conduct a detailed statistical analysis of an individual's trading methodology through back-testing and real-time results so as to identify when the methodology may be breaking down in actual trading Reveals why traders should think of themselves as project managers who are strategically managing risk The book is based on the author's unique 'focus on the risk' approach to trading using data-driven risk statistical analytics Using this book as a guide, trades can operate more as business managers and learn how to avoid market-busting losses while achieving consistently good results"-- |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | XV, 208 S. graph. Darst. |
| ISBN: | 9781118100837 |
Internformat
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Datensatz im Suchindex
| _version_ | 1804149060714627072 |
|---|---|
| adam_text | Contents
Preface
vii
Acknowledgments
xiii
About the Author
xv
PART I Principles of Risk Management
1
CHAPTER
1
Foundations of Risk Management
3
CHAPTER
2
Five Steps in the Risk
Management Process
11
PART II Managing and Measuring Risk
61
CHAPTER
3
Predictive Analytics
Isin«
Quantitative Analysis
63
CHAPTER
4
Statistical Edge and Its Impact
on Risk
71
CHAPTER
5
Embracing a Culture of Analytics
113
PART HI Qualitative Elements of Risk
____________145
CHAPTER
6
The Human Element: Psychological
Risks of Trading
147
VÍ
CONTENTS
CHAPTER
7
Preparing for Risk and Loss
161
CHAPTER
8
Business Risk Management
for Traders
181
Bibliography
201
Index
203
|
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| illustrated | Illustrated |
| indexdate | 2024-07-10T00:17:02Z |
| institution | BVB |
| isbn | 9781118100837 |
| language | English |
| lccn | 2011048577 |
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| physical | XV, 208 S. graph. Darst. |
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| spelling | Toma, Michael 1966- Verfasser (DE-588)1022063618 aut The risk of trading mastering the most important element in financial speculation Michael Toma Hoboken, NJ Wiley 2012 XV, 208 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Wiley trading series Includes bibliographical references and index "Develop the skills to manage risk in the high-stakes world of financial speculation. The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading--risk management. The book puts a magnifying glass on the issue of risk, something that every trader needs to understand in order to be successful.Most traders look at risk in terms of a "stop-loss" that enables them to exit a losing trade quickly. In The Risk of Trading, Michael Toma explains that risk is ever-present in every aspect of trading and advocates that traders adopt a more comprehensive view of risk that encompasses the strategic trading plan, account size, drawdowns, maximum possible losses, psychological capital, and crisis management. Shows how to conduct a detailed statistical analysis of an individual's trading methodology through back-testing and real-time results so as to identify when the methodology may be breaking down in actual trading Reveals why traders should think of themselves as project managers who are strategically managing risk The book is based on the author's unique 'focus on the risk' approach to trading using data-driven risk statistical analytics Using this book as a guide, trades can operate more as business managers and learn how to avoid market-busting losses while achieving consistently good results"-- Wertpapierhandel (DE-588)4189707-9 gnd rswk-swf Risikomanagement (DE-588)4121590-4 gnd rswk-swf Wertpapierhandel (DE-588)4189707-9 s Risikomanagement (DE-588)4121590-4 s DE-604 Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024963979&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Toma, Michael 1966- The risk of trading mastering the most important element in financial speculation Wertpapierhandel (DE-588)4189707-9 gnd Risikomanagement (DE-588)4121590-4 gnd |
| subject_GND | (DE-588)4189707-9 (DE-588)4121590-4 |
| title | The risk of trading mastering the most important element in financial speculation |
| title_auth | The risk of trading mastering the most important element in financial speculation |
| title_exact_search | The risk of trading mastering the most important element in financial speculation |
| title_full | The risk of trading mastering the most important element in financial speculation Michael Toma |
| title_fullStr | The risk of trading mastering the most important element in financial speculation Michael Toma |
| title_full_unstemmed | The risk of trading mastering the most important element in financial speculation Michael Toma |
| title_short | The risk of trading |
| title_sort | the risk of trading mastering the most important element in financial speculation |
| title_sub | mastering the most important element in financial speculation |
| topic | Wertpapierhandel (DE-588)4189707-9 gnd Risikomanagement (DE-588)4121590-4 gnd |
| topic_facet | Wertpapierhandel Risikomanagement |
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