Any good math/stats books suggestion for trading?

Quote from dtrader98:

It's not that thick from my perspective; maybe you are thinking of a different text (mine's paperback, or maybe you mean evidence based TA). Considering all of the other qualitative trading books out there, and the fact you are asking for some statistical rigor; I'd say yes.

What particular area of math/stats do you want to see?
You can try these popular graduate level texts... I've found both useful.

http://www.amazon.com/Statistical-M...=statistical+models+and+methods+for+financial (some trading, mostly quantitative finance).

http://www.amazon.com/Statistics-An...&sr=1-1-catcorr&keywords=statistics+financial (more financial engineering oriented than trading)
More...

I mean this book is really thick:
http://www.amazon.com/Asset-Price-D...=1366085365&sr=1-1&keywords=Stephen+J.+Taylor

An example of math/stats theory that I think I should know to develop a profitable day trading strategy would be Monte Carlo.
 
Quote from etfarb:

ernie chans book?
More...

Not worth the paper it is printed on ...

For example:

p.28 (from amazon look inside):

"Finding prospective quantitative trading strategies is not difficult. There are:

* Business school and other economic research web sites.
* Financial web sites and blogs focusing on the retail investors.
* Trader forums where you can exchange ideas with fellow traders.

After you have done a sufficient amount of Net surfing or trading magazine riffling, you will find a number of promising trading strategies. ...
"

Either this guy is a total moron or ...
 
Quote from Nab:

Not worth the paper it is printed on ...

For example:

p.28 (from amazon look inside):

"Finding prospective quantitative trading strategies is not difficult. There are:

* Business school and other economic research web sites.
* Financial web sites and blogs focusing on the retail investors.
* Trader forums where you can exchange ideas with fellow traders.

After you have done a sufficient amount of Net surfing or trading magazine riffling, you will find a number of promising trading strategies. ...
"

Either this guy is a total moron or ...
More...

so ernie chans is an active member over here? :cool:
 
Don't waste your time reading books ...

Take a look into papers in

http://arxiv.org/archive/q-fin

to get some rough idea what math can be applied and then cherry-pick math lecture notes for the topics you are interested in. (Fortunately, the math used in q.finance is rather primitive ...)
 
You must log in or register to reply here.
Back
Top