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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (12069)	3/29/2001 4:26:12 PM
From: Raymond Duray	Respond to of 13572

Also, thanks for your postings, even I don't agree, I need to hear it. No worries, mite! Even I don't agree with me some days. That's the problem with being able to see twelve sides to every coin. Or was that thirteen? For those with an itch to lose money in nanosecond intervals rather than the tedious way the longs have been doing it for the last year, this book is highly recommended: amazon.com Dynamic Hedging : Managing Vanilla and Exotic Options (Wiley Finance Editions) by Nassim Taleb According to my muse, this vastly supercedes McMillan's classic on derivatives. Here's the Amazon blurb: Destined to become a market classic—the only practical reference in exotic options hedging and arbitrage for professional traders and money managers Watch the professionals. From central banks to brokerages to multi-nationals, institutional investors are flocking to a new generation of exotic and complex options contracts and derivatives. But the promise of ever larger profits also creates the potential for catastrophic trading losses. Now more than ever, the key to trading derivatives lies in implementing preventive risk management techniques that plan for and avoid these appalling downturns. Unlike other books that offer risk management for corporate treasurers, dynamic Hedging targets the real-world needs of professional traders and money managers. Written by a leading options trader and derivatives risk advisor to global banks and exchanges, this book provides a practical, real-world methodology for monitoring and managing all the risks associated with portfolio management. This book fills a big gap in investment literature—the only book to explore complex options trading strategies and advanced risk management methods This one ought to keep you away from twitching the mouse for a while....... Best, Ray :)