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Trading Realities: The Truth, the Lies, and the Hype In-Between
- By Jeff Augen
- Published Oct 14, 2010 by FT Press.
- Copyright 2011
- Dimensions: 5-3/8" x 8"
- Pages: 272
- Edition: 1st
- Book
- ISBN-10: 0-13-707009-8
- ISBN-13: 978-0-13-707009-1
- eBook (Watermarked)
- ISBN-10: 0-13-256525-0
- ISBN-13: 978-0-13-256525-7
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Product Author Bios
Jeff Augen (Carmel, NY), currently a private investor and writer, has spent over a decade building a unique intellectual property portfolio of algorithms and software for technical analysis of derivatives prices. His work includes over 1 million lines of computer code reflecting powerful new options trading strategies. He is a regular contributor to Stocks, Futures, and Options Magazine. Augen's recent books include Day Trading Options, Trading Options at Expiration, and The Options Trader Workbook. He teaches advanced options at New York Institute of Finance.
Trading Realities teaches investors and traders the universal, basic principles that apply to every financial market: stocks, bonds, commodities, foreign exchange, futures, options, and beyond. Writing for beginners and experienced investors alike, successful trader and author Jeff Augen illuminates key issues that are often mentioned but rarely fully understood: issues such as leverage, liquidity, market trends, risk, valuation, interest rates, and the impact of news and events. Most important, he shows how to apply this knowledge to trade and invest far more profitably. Augen focuses on the massive forces that really move financial markets: the market dynamics that are fundamental to your success, regardless of your investment strategies or the asset classes you choose. You'll learn how to value markets in absolute terms (e.g. constant currency), rank investment vehicles according to risk; assess the real impact of leverage and the true meaning of trends; interpret the flow of money between markets; and much more. Augen shows how to identify and collect the information that matters most (and ignore the information that doesn't matter). Once you have the facts you need, you'll learn how to use those facts to gain a clear advantage: one that you can sustain through any market environment.
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44 of 51 people found the following review helpful
Terribly disappointing,
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This review is from: Trading Realities: The Truth, the Lies, and the Hype In-Between (Hardcover)
I'm a huge fan of Mr. Augen's, having read 3 of his previous books--two or three times each! So I was very eager to get this one and I read it the first day. Like his other books, the pages are small and the total word count is far below average (except for those "little" books). Small books are not necessarily bad; his others are gems. But it's very clear this time that he struggles to write just enough fluff words that the publisher would consider it marketable--without giving away much information or tradeable techniques. He spends pages looking at the peaks and valleys of US Steel relative to news events that obviously caused the turns on the chart. But he writes it almost as if he's saying he traded every one of those turns just right, and then his main point after all that is "pay attention to the news". Duh! In hindsight we can all be geniuses. There is NO method or real insight there. At the very end of the book he finally gets to some strategies. Hmm, have you ever heard of...
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16 of 20 people found the following review helpful
Errors, Contradictions, Cynicism, and an Unknown Point, By
This review is from: Trading Realities: The Truth, the Lies, and the Hype In-Between (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
Unfortunately, this isn't one I'm putting on my recommended list.I'm not entirely sure what the point of this book was. I think it was to present option trading as a better path for trading the stock market than actually trading the stocks themselves, but I can't be positive. The author does do a pretty good job of laying out some option strategies that could be used along with or in place of holding stocks, and I definitely agree that for many people they present a better path (I for one have been trading options rather than stocks for quite a few years). That's just one chapter out of seven, though. Focus aside, I have a few major issues with the book. First, there are things he says in the book which are flat out incorrect. One of them is very early on and very obvious for anyone familiar with the currency market. He suggests that during the major dollar weakness a few years ago the Yen reached a value of $1.15. The fact of the matter is that the... Read more
5 of 5 people found the following review helpful
A Dose of Reality,
This review is from: Trading Realities: The Truth, the Lies, and the Hype In-Between (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
Mr. Augen's book is not a primer for beginners nor a comprehensive "how to" guide to the more experienced trader. It is a series of observations and ideas based on his considerable experience in the industry which will yield perspective and assistance to studious amateur traders. He cautions against over-reliance on traditional technical analysis, suggesting the trader needs to pay close attention to external events which drive the market and the growing dominance of lightning-fast computer-driven trading. His studies which distinguish between seemingly random stock charts and truly random number series is fascinating. The book has excellent comparison studies of alternative trading strategies, such as long stock vs. long call vs. short in the money puts. Different readers will take away different valuable messages. While traders need to have sensible rules and follow them, the book seems to remind us that there are really no golden rules or infallible guidelines (the bedrock...
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Online Sample Chapter
Trading Realities: First Principles
Table of Contents
Preface xiii
First Principles 1
Chapter 1: Global Economic Forces and the Average Investor 5
Chapter 2: The Harsh Realities of the Marketplace 23
Chapter 3: Betting with the House 49
Chapter 4: Identifying Trends 63
Chapter 5: A New Era 117
Chapter 6: The Importance of Volatility 155
Chapter 7: Strategies for a New Market 175
Appendix A: Options Primer 225
Index 251
Sample Pages
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