January 2012
Intermediate to advanced
780 pages
19h 29m
English
Content preview from Jeff Augen’s Options Trading Strategies (Collection)Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 1. Introduction—The Value of Information
The Struggle for a Statistical Edge
The equities markets are a zero sum game in the sense that every dollar won must also be lost. This simple fact has far-reaching implications that are sometimes counterintuitive. For example, most investors do not realize that the investment community as a group cannot profit from the rise of a single stock unless the company pays a dividend. This limitation exists because all profit must emanate from buying and selling activity between the investors themselves. Although individual trades can certainly generate a positive return, there is a finite amount of money in the system and the source of that money is the individual investors. The markets are the ultimate ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.