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The Insider Edge: How to Follow the Insiders for Windfall Profits Hardcover – September 4, 2012
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From the Inside Flap
The most profitable traders succeed because they can see what others cannot. Now, with The Insider Edge in your hand, you have everything you need to follow in their footsteps and put yourself on the path to trading for windfall profits.
Time and time again, author and trading guru Guy Cohen has successfully anticipated market eventsincluding the fall of Bear Stearnswhich most commentators failed to see coming.
In The Insider Edge, Guy shares his proven secrets so that you, too, can read the markets like a pro and make better trading decisions. Many of the savviest, best informed traders gravitate towards the options market, and this book reveals a revolutionary new trading indicator, the OVI (Options Volatility Indicator), that uses options transaction data to follow what these experts are trading so that you can spotand capitalize onnew trends as they emerge.
Introducing the OVI for the first time, explaining why it works, and what it can do for you, this book shows you how to combine the OVI with the right chart pattern to build a robust trading plan. Offering a helpful overview of the most popular chart patterns and identifying those that work best with the OVI, The Insider Edge is designed to help you make money when breakout opportunities emerge, while minimizing risk at all times.
Groundbreaking and innovative, this is a book about making smart decisions, uniquely informed by what the pros are doing. Providing readers of all levels of trading experience with access to invaluable additional resources online, including the top twelve OVI charts, this is the only book you need to gain the ultimate insider edge.
From the Back Cover
Praise for The Insider Edge
"Guy Cohen's work confirms that the observation of price and volume action alone is all that is necessary for investment success. Here he creatively expands on this essential investment principle by seeking an edge through the incorporation of price and volume information inherent in options transaction data, namely trading volume and open interest, in conjunction with favorable technical patterns and trends that are identifiable in the underlying stocks. The end result is an inspiring, concrete, and elegant system that investors can both learn from and readily employ in their own trading."
GIL MORALES, coauthor of Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market and co-managing director of VirtueofSelfishInvesting.com
"The Insider Edge is a new twist to discovering price activity that avid traders are sure to enjoy."
LARRY WILLIAMS, trader
"Guy Cohen developed the proprietary Options Volatility Indicator (OVI) to help confirm chart pattern setups. The Insider Edge explores that marriage of indicator and patterns with numerous examples followed by trading plans to manage those trades. If you are having problems getting chart patterns to work, perhaps the OVI can help."
THOMAS BULKOWSKI, author of the bestselling Encyclopedia of Chart Patterns, Second Edition, and owner of ThePatternSite.com
Top Customer Reviews
This book is targeted to Short-Term Speculators and with this in mind, I read the above book which summarizes into 3 main concepts such as "Chart Pattern + OVI (Option Volatility Indicator) + Trading Rule = Success". Chart Patterns in simple terms explains how to spot a bullish trend in terms of VMV (If we write the letters VMV closely and tilt to 20 degree angle to down side towards right - we get a bullish chart pattern of 'Support' and 'Resistance' lines if we view the stock price for 3 months or more) and bullish channel pattern which is same as VMV but goes on sideways instead of down side. Mr. Guy has created an OVI Indicator based on Options data where the insider's has an edge and start buying Call or Put Options for Stocks/ETF's and he has devised a own indicator based on options buying pattern algorithm which simply measures in the form of graph of -1 to +1. Anything above 0 to +1 indicates a bullish pattern and anything below 0 to -1 indicates a bearish pattern.Read more ›
The book is focused on a single strategy that I found easy to implement and certainly makes logical sense. The OVI is an indicator based on options transactions and has a logical basis that I have found very insightful and profitable. Stick to the bigger stocks with enough liquidity and that keeps the workload down to a few minutes, and makes more sense for the indicator.
The strategy also has echoes of O'Neil, which was reassuring, so definitely a keeper.
Definitely worth the read and following up with real application.
Most Recent Customer Reviews
This is worth it, in contrast to his other book, which I recycled at Half-Price Books. Very readable, and understandable, in total contrast to the vast preponderance of other books... Read morePublished on August 15, 2013 by Kiva Y Shtull
Gives a total plan, using the information from their website, for investing in stocks. Easy to read and apply the info.Published on March 6, 2013 by ladd foster
I bought the book Volatile Markets Made Easy. My book is from England. The reviews do not look like real review. Read morePublished on November 14, 2012 by Eager Buyer