Review The Kelly Capital Growth Investment Criterion: Theory and Practice by LEONARD C. MACLEAN, EDWARD O. THORP, WILLIAM T. ZIEMBA Description This book contains the definitive treatment of fortune’s formula, also known as the Kelly capital growth criterion. This strategy aims to amplify long-run wealth by maximizing period by the period expected utility with a logarithmic utility function. Generally, the …
Anna Kharchenko - author at ForexTrend
Calculated Bets
Review Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win by STEVEN SKIENA Description Mathematics behind gambling systems – this is what Calculated Bets expose. A computer scientist and gambling enthusiast, Steven Skiena bares his discoveries and explorations in using computer simulations as well as modeling techniques to scientifically predict the results of jai-alai games resulting in an increased stake …
The Research Driven Investor
Review The Research Driven Investor: How to Use Information, Data and Analysis for Investment Success by TIMOTHY HAYES Description Author Timothy Hayes’ “The Research Driven Investor” acts as a strategy guide and walkthrough for investors and analysts on how to use their acquired data and information in order to properly use it to its most profitable extent, from the construction …
What is Momentum?
Momentum, within the context of Technical Analysis, when talking about the price of a security is its rate of change. It also pertains to the volume changes. Given that the price and the volume are not able to pick up speed in one continuous time, the Momentum functions as an oscillator. The change in price or volume eventually plummets and …
Black Edge : Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street by Sheelah Kolhatkar
Description Author Sheelah Kolhatkar’s “Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street,” tells the riveting tale of Steven A. Cohen – a trader of legendary status and his hedge fund called SAC Capital. However, it wasn’t long when his reputation, including that of SAC Capital, became the subject of …
The Daily trading Coach: 101 Lessons For Becoming Your Own Trading Psychologist
DESCRIPTION As trading involves financial activity, a trader automatically becomes an entrepreneur. And conforming to the commonly practiced norm within the industry, a starting business feeds on the strengths of its founding fathers. A starting career means that it is still dependent on the assets, personal, and financial capability of the one who established it: the trader. As this kind …