March 2013
Beginner
304 pages
7h 22m
English
Content preview from Shock Markets: Trading Lessons for Volatile TimesBecome 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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1. The Nature of Trading
“You always need a catalyst to make big things happen.”
—Jim Rogers1
The market is losing $718 million per second. The clock is ticking. Millions—no, billions—down the drain. Your positions are getting eviscerated. Down, down, down. What should I do? What can I do? What is going on?
This is not a scenario out of a movie—it really happened during the Flash Crash of May 6, 2010. Considering the complexity of the modern market, it is a matter of when, not if, it will happen again.
In a market where high-frequency traders (HFTs) account for 84% of U.S. stock trading volume, how can you make money?2 In a world of uncertainty, how can you minimize risk and maximize profits?
What moves stock prices? What moves the overall stock ...
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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.