M. J. Milner

Risk Literacy (eBook, ePUB)

Trading the Great Correction of 2015

• Format: ePub

Produktbeschreibung

Risk Literacy is a non fiction, exciting and remarkable, narrative of a trader who was writing a book for instructional purposes. Unknown to him he was about to be immersed in a very volatile trading event. During the third quarter of 2015 two trillion dollars of equity vanished in a ten day period from the U.S. equity markets. While this was going on, the Dow Jones zig zagged over 10,000 cumulative points. The Great Correction of 2015 was underway. During this time author of Risk Literacy was writing a daily journal of the trades that he was making.

Originally the book was conceived as an instructional journal to assist older, less aggressive investors up their game, and perhaps produce an income replacement stream from small, inadequate long term retirement funds. Written for people with more than basic investing backgrounds this book is loaded with actual trades and operating strategies. Additionally there discussions of a number of new trading houses that have recently made inroads into the financial scene. Although not overly complex this book and its contents may have to get several read throughs before the reader fully captures much of the trading wisdom it contains. The action is steady and the results, both good and bad, are never revealed until the trade is actually added to the balance column.

This book, although loaded with the complexity of financial ideation, offers even the new initiate or beginner,many simple, money saving strategies largely unavailable in the current literature. The author, M.J. Milner started out writing one book that was meant to create a simple understanding of a trading period that should have been easily managed. He was attempting to extract $2,000 a month from a limited amount of money and keep his original capital intact. Unknown to the author several major financial events caused a tumble into full financial cascade. The results of the losses that occurred during this time period easily will reverberate into next year. Depending upon people's ability to capture the learning curve these events may end up being studied for decades to come.

How the author did is not revealed until the closing chapters of the book, but these financial events, from the point of view of an amateur investor, are captured so they can be converted into useful guidelines and rules. In the future this book may turn into the reference book for trading during the action of a full financial correction by traders everywhere.

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Produktdetails

• Verlag: BookBaby
• Erscheinungstermin: 14. Februar 2016
• Englisch
• ISBN-13: 9781483560939
• Artikelnr.: 44586714