Trading Against the Crowd: Profiting from Fear and Greed in Stock, Futures and Options Markets
| Author | : | |
| Rating | : | 4.77 (746 Votes) |
| Asin | : | 0471471216 |
| Format Type | : | paperback |
| Number of Pages | : | 206 Pages |
| Publish Date | : | 2015-08-18 |
| Language | : | English |
DESCRIPTION:
With the publication of Trading Against theCrowd, however, noted author, economist, and professional trader John Summa convincingly shows that investor sentiment can be incorporated into profitable stock and stock market trading systems. Put into practice powerful sentiment data using thoroughly back-tested trading systems, and rise above the herd mentality of the investor crowd, where potentially large profits await.. Efficient market theorists contend that markets are random and thus not predictable. In this groundbreaking book, Summa explains how to use popular gauges of crowd psychology, such as put/call ratios, option-implied volatility, short sales, investor surveys, and advisory opinion to trade against, or contrary to, prevailing market sentiment. Trading Against the Crowd is the first book to provide a comprehensive assessment of investor crowd
They know that at extremes of market sentiment, markets tend to be the most predictable.Trading Against the Crowd shows how you can begin to profit from these short- to- medium-term sentiment waves generated by the actions of the speculative crowd. From the Inside Flap Efficient market theorists contend that markets are random and thus not predictable. With the publication of Trading Against the Crowd, however, noted author, economist, and professional trader John Summa convincingly shows that investor sentiment can be incorporated into profitable stock and stock market trading systems. This data series, and other popular measures of crowd psychology, are processed through custom indicator
He is an NFA-registered commodity trading advisor (CTA) and licensed, series-3 options broker. More recently he established a new trading advisory site, TradingAgainstTheCrowd. . In 1997, John founded one of the first option advisory Web sites, OptionsNerd. SUMMA operates his own commodity pool and managed account program. JOHN F. A former professional skier, John also holds a master’s degree in economics from the
Maxim Masiutin said The Art of Contrary Thinking. Lots of books have been written about options and related stuff like Greeks or complex strategies like "Short Iron Butterfly". This book is not about options per se. It uses options merely as a tool to predict market tops and bottoms. It uses very simple indicators like as put/call ratios and option-implied volatility. This book does not t