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The prop trader's chronicles : short-term proprietary trading strategies for both bull and bear markets / Francis James Chan

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Wiley trading seriesPublisher: Hoboken, N.J : John Wiley & Sons, c2013Edition: Online-AusgDescription: Online-Ressource (1 online resource (xii, 155 p.))ISBN:
  • 9781283665025
  • 1283665026
  • 9781118284681
Subject(s): Additional physical formats: 9781118284681 | 9781118241080 | 1118241088 | 1283664704 | Erscheint auch als: 1283664704 Druck-AusgabeDDC classification:
  • 332.6322
  • 332.63/22 23
LOC classification:
  • HG4621
Online resources: Summary: A practical guide to profiting from the strategies of professional proprietary traders Today's technology allows traders to make faster, more price-sensitive trades and to better read the flow of market information and transactions-opening the way to a wider variety of short-term trading strategies. The Prop Trader's Chronicles unveils these strategies and techniques, which have long been the province of proprietary trading firms and other professional stock traders. This reliable guide describes author Francis Chan's experience as a prop trader in an engaging narrative, but at the same time provides an in-depth explanation of strategies employed by proprietary traders utilizing direct access technologies, Level II quotes, time and sales feeds, and electronic communication networks. Along the way, you'll be introduced to a variety of strategies involved in the rapid day trading of stocks, including: scalping, rebate trading, and advanced reading of time and sales transactions to detect short-term swings. Chang also reveals how to use time and sales data as the modern-day equivalent of 'reading the tape.' Shows active independent traders how they can perform at a higher level by replicating the professional strategies of prop traders Offers valuable insights on how traders can 'read the tape' and better detect short term market swings Describes a variety of prop trading strategies, from electronic scalping to statistical arbitrage The Prop Trader's Chronicles provides a solid foundation for traders looking to improve their performance. With this book as your guide, you'll quickly discover what it really takes to make it in today's competitive markets.Summary: Intro -- The Prop Trader's Chronicles -- Contents -- Preface -- CHAPTER 1 Eat a Percentage of What You Kill -- CHAPTER 2 A Swift Reality Check -- CHAPTER 3 The Basics of Double Auction Markets in the Real World -- CHAPTER 4 Introduction to the ECN Platforms and Order Routing -- ISLAND-NASDAQ MAIN ECN ("Q") -- ARCHIPELAGO ECN-NYSE ARCA (P) -- DIRECT EDGE DUAL EXCHANGES- EDGA (J) AND EDGX (K) -- BATS TRADING DUAL EXCHANGES- BZX (Z) AND BYX (Y) -- CBOE STOCK EXCHANGE-CBSX -- NASDAQ OMX BX (NQBX)-FORMERLY BOSTON STOCK EXCHANGE -- NASDAQ OMX PSX (NQPX)-FORMERLY PHILADELPHIA STOCK EXCHANGE -- CHAPTER 5 Dark Pool Liquidity and Alternative Trading Systems -- NYFix MILLENNIUM ATS -- CREDIT SUISSE CROSS FINDER -- GETCO EXECUTION SERVICES ATS -- KNIGHT CAPITAL GROUP'S DARK POOL ROUTES -- LEVEL ATS -- GOLDMAN SACHS SIGMA X -- CHAPTER 6 Combining Level 2 and Time & Sales: Reading the Consolidated Tape -- CHAPTER 7 Week One on Live Trading -- CHAPTER 8 Losing 30,000 in Under a Minute -- CHAPTER 9 Trading with a Real Edge -- CHAPTER 10 The Psychology of Profitable Trading -- CHAPTER 11 Choosing a Proprietary Trading Firm -- CHAPTER 12 Strategy Diversification -- CHAPTER 13 Volatility and the Crash of 2008 -- CHAPTER 14 Building Blocks of Trading Strategies -- SURROGATE MARKET MAKING -- LAYERED POSITION SIZING -- AUCTION STRATEGIES -- INTRADAY M&A SCALPING STRATEGIES -- PAIR TRADING AND VARIATIONS -- Glossary -- About the Author -- Index.PPN: PPN: 809933632Package identifier: Produktsigel: ZDB-26-MYL | ZDB-30-PQE
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