- helpful votes
The Risk of Trading
- Mastering the Most Important Element in Financial Speculation
- By: M. Toma
- Narrated by: David McCarthy
- Length: 9 hrs and 13 mins
The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading--risk management. The book puts a magnifying glass on the issue of risk, something that every trader needs to understand in order to be successful.
An important perspective
- By William Miller on 05-21-13
Not what I was expecting
What could have made this a 4 or 5-star listening experience for you?
The book's title (The RISK of Trading) and summary led me to believe it was principally a book about risk, perhaps along the lines of Peter Bernstein's excellent Against the Gods. That's not what this book is about. The Risk of Trading is a practical, how-to guide to trading. It is directed towards new, small capital traders looking to improve their performance by placing a greater emphasis on risk monitoring and measurement. If that's who it was, I might have found it useful. As someone who works on the institutional side and was interested in learning more about how risk professionals see the world, I was disappointed.
Which scene was your favorite?
Like another reviewer, I found the discussion of theoretical risk vs. practical risk interesting.
8 of 10 people found this review helpful