Monday, November 01, 2010

Trading simulators

BookValue
The Wiley Trading Guide
Guy Bower
(http://www.wiley.com/)

Trading tips from racing tracks

Have you ever been in front of the trading screen, knowing you should pull the trigger to either enter or exit, but find a reason not to? That is the situation Guy Bower calls ‘Turn Two at Eastern Creek.' The reference is to the racing track in Sydney, where the first turn is ‘a very fast left-hander,' whereas the second is ‘a slow and tight left hairpin,' ‘the corner you'd talk about with the other guys in the pits between sessions,' as Bower describes in ‘Of motorbikes and trading types,' an essay included in The Wiley Trading Guide.

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