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".
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.
©2013 John Wiley & Sons, Inc. (P)2013 Audible, Inc.
It was a light listen loaded with insightful information.
Hearing that the trader was also from just outside Toronto really caught me off guard but was a pleasant surprise. I didn't realize that the "prop trading" terminology was even used in Canada.
"A fantastic book for traders"
This is one of the best books I've read on trading thus far, I'd place it in the top 3.
The book has some really amazing information on order routing, if you trade equities, this stuff is literally Gold dust. The story was rather good too. I bought the book as well, so I could reference the high quality information.
I've not listened to any other books narrated by Jay Snyder.
"moved" no. Impressed greatly, most of the book.
Buy this book if you want to become a serious equities trader.
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