Review of Trade Options Online (Trading for a Living) (Hardcover)

Wow!A book that really delivers the goods.

Starting out with Online Investing 101. and moving on to Online Trading Resources Fontanills introduces the world of cyber trading. Then he moves to introduce theoptions basics strategies. In particular he concentrates on VerticalSpreads.and Covered Writes to show how to trade online.

Then he movesto his trademark of Delta Neutral Strategies. The book covers Ratio Spreadsand Backspreads, Sideways Spread Strategies.Now we got tothe bits that I really was thrilled by the Cybervesting from A to Z. Thisis a complete analysis of all the investment web sites that options tradersneed to know.If it is not here then forget it.This is an exhaustivereview of all the players on the web for option trading.

As a frustratedoption trader I was enthralled by his review of all the brokers and theirrankings. He is candid and brutal in his rankings. he concentrates on theirperformance not their marketing.I was surprised by his choice for bestbroker.

He wraps up with good sections on Living Online, Appendices andof course a Glossary.

This was a great read that will live on my desk asa reference guide for my trading.It is the Fontanills trademark of beingeasy to understand, practical and written for the average reader not thePHD. This man can really write so others can grasp the complex strategiesthat he conveys.

I like the candid story of his life, cancer victim,Harvard MBA etc. and now a money manager for a living.

Great read andinvaluable guide to how to trade options online.

Alison Pearlman



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Review of Nerds on Wall Street: Math, Machines and Wired Markets (Hardcover)

Wall Street, if you believe Ben Bernanke's testimony to Congress last year, is an "abstraction" to most of us. And if there's one part of Wall Street that is abstract even to large parts of Wall Street itself, it's the world of the quant -- quantitative finance, the guys who develop electronic-based investment, trading and analytical models and systems.

Dave Leinweber has been part of that world for decades, and for years he's been showing up at conferences talking about the world of Wall Street's nerds. Finally, he's put his knowledge and smarts to work to explain it to even the most math-phobic person who wants to understand just what the collision between financial markets and technology means for investors, from the most sophisticated hedge fund trader right down to those of us trying to figure out what to do next with our 401(k). Markets move faster than ever before -- you can now execute a trade in less time than it takes you to start reaching for the telephone (six milliseconds or thereabouts). They also move in ways that the architects of these systems -- increasingly significant players -- don't readily understand themselves.

Most of the people on Wall Street who know and understand these changes and what they mean either don't have the communication skills to make the rest of us understand; others are too busy making money or choosing to keep a low profile to share their wisdom. Those who do end up writing about quants all too often end up in one of two camps: over-simplifying what they do and telling the world how brilliant they are, or over-simplifying what it is that they're up and deciding that they are Dr. Strangelove-style villains. Leinweber's analysis is simple, straightforward and lucid. Above all, it's subversively witty, encouraging the reader to roll his or her eyes at some of Wall Street's absurdities. He takes his subject seriously, but not himself.

I recommend this highly to anyone who has a basic understanding of Wall Street but is fed up hearing about quants, electronic trading, etc. etc. and is desperate to lay hands on a straightforward work that will spell out everything they needed to know and were afraid to ask -- including some questions that they didn't know they needed to ask. I wish that more of the writing on complex financial issues being done these days was as accessible and helpful. Far too much of it feels more like taking your medicine -- or dong the assigned reading for a course you're not enjoying that much.

Full disclosure: I know Dave, read his work in galleys and am overlooking my usual policy of not reviewing books by people I know on this occasion, because I think that more than ever before it's important to draw attention to the tiny handful of books that actually do help readers get to the point where they understand the basics of even complex finance. The more general readers that seek out this book, the better. Best of all, this book may be one part of Wall Street where you can truthfully claim to receive your money's worth in both education and entertainment, and where you won't feel that somehow you've been ripped off along the way...



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