Average Reviews:
(More customer reviews)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 covered calls? Here's yet another few pages explaining how it works. For all his knowledge and expertise about options, he discloses almost nothing. There is nothing about how to find options where you can exploit the volatility smile. Nothing about how he builds his trading platform or researches market data. This book doesn't even come close to the title of "Trading Realities". I hoped it would discuss how little guys can survive in view of the realities of the powerful HFT systems that are dominating market volume--but nothing is disclosed on this critical subject.
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Trading Realities teaches investors and traders the universal principles that apply to every market: stocks, bonds, commodities, foreign exchange, futures, options, and more. Jeff Augen illuminates key issues such as leverage, liquidity, risk, valuation, and the impact of events–and shows how to apply this knowledge to trade and invest more profitably.
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