Unique-risk
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Book reviews for "Unique-risk" sorted by average review score:
Intelligent Speculator: A Unique & Low-Risk Approach to Trading Commodities
Published in Hardcover by McGraw-Hill Trade (01 April, 1996)
Amazon base price: $45.00
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Collectible price: $26.47
Used price: $12.61
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Average review score: 
Intelligent Speculators will Avoid this Book
A value approach to commodities investing...This book will teach you how to buy and sell commodities at prices near their all-time lows. What this book will not do is teach you how to be a day-trader or short-term trader. Also, this book is for traders who are looking for slow and steady gains and not outsize gains. If you are looking for a book that will teach you how to conservatively invest in commodities, and you are comfortable with a large financial drawdown while trading, pick up a copy of this intersting book.
Disability Income Insurance-The Unique Risk
Published in Hardcover by Amer College (December, 2001)
Amazon base price: $47.00
Used price: $19.50
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Our Memory at Risk: Preserving New York's Unique Research Resources: A Report and Recommendations to the Citizens of New York
Published in Paperback by (June, 1988)
Amazon base price: $1.00
The Risk Takers: Racing & Record-Setting Aircraft: A Unique Pictorial Record 1908-1972 (Osprey Aviation Pioneers 2)
Published in Paperback by Osprey Pub Co (January, 2000)
Amazon base price: $16.95
Used price: $4.49
Buy one from zShops for: $5.97
Used price: $4.49
Buy one from zShops for: $5.97
This work describes a system for commodity speculation called Interval
Trading. The premise and system are simple. Because the value of a
commodity will never go to zero, any downward trend will
eventually bottom out and reverse. To take advantage of this behavior
the authors suggest buying futures contracts at fixed intervals as the
price drops, and then reselling them at fixed intervals as the price
recovers.
This system requires the knowledge or faith that prices eventually
will recover, and tremendous capital to cover accumulated losses while
waiting for a price recovery that may take months, years, or decades to
materialize. This advice violates several of the tenets of successful
trading in that it requires trading against the trend, holding losing
positions forever, and only taking small, fixed profits. Small
traders following this advice should expect to go broke.
The authors' credibility is fatally damaged when then spend several
pages arguing that if you are long a contract, and then sell and
immediately re-buy the contract, then this is somehow different
from simply holding the original contract. Where I'm from,
(- X) + X = 0.
Furthermore, the authors never suggest that they or their clients have made
any money from this extremely risky scheme.
This is a highly risky speculation system, and its
exposition here is mathematically unsound. Intelligent speculators
will avoid this book.