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Understanding Hedged Scale Trading
ISBN: 0071345566     Date Published: 2001-05-23     Author(s): Thomas A. McCafferty
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Hardcover
McGraw-Hill
250 Pages
 
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06/20/2013 01:24:09
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Editorial Review - Book Description:

Relatively simple yet highly disciplined, scale trading has become one of today`s most popular and rewarding--et risky--futures trading methods. Understanding Hedged Scale Trading explains this high level trading method from the ground up, outline techniques for trader to hedge scaled positions through the judicious use of options. By explaining how to profit from hedged scale trading while controlling its many risks, it should prove to be among the most practical, hands-on advanced trading books on the market today.

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Understanding Hedged Scale Trading explains this high level trading method from the ground up, outline techniques for trader to hedge scaled positions through the judicious use of options.
 
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13 of 13 People found the following review helpful.

Very disappointing, September 21, 2004 ByBrewhound - See all my reviews This review is from: Understanding Hedged Scale Trading (Hardcover) The title of this book is misleading. Only one chapter in the entire book deals with hedged scale trading and to sum it up the author says..."buy puts". Brilliant. The rest of the book describes scale trading (poorly) and fundamental analysis. If you want to learn about scale trading go to the source. Look at Robert Weist's, "You Can't Loose Trading Commodities". Weist does a much better job describing this trading technique. This book was a real disappointment and waste of money (in my opinion).
 
7 of 7 People found the following review helpful.

Currently the definitive work, November 1, 2002 ByBLS "captqrunch" (Hill Country, TX) - See all my reviews This review is from: Understanding Hedged Scale Trading (Hardcover) Mr. McCaffery writes with clarity and leads the reader surely towards a grasp of this somewhat arcane futures trading strategy. Scale trading with options means : buying (or shorting) a hedged commodity with the expectation that the price will revert to its mean within a certain period of time. Specifically, you buy a commodity (sugar, soybeans, oil, etc.) that's trading toward its historic lows. You purchase put options to put a floor under the trade (limiting your risk), and scale into the trade (buy more futures at pre-determined intervals) if the price continues to fall. You are relying on the near certainty that the price must eventually rise. If you hold long enough and if all goes as it should (i.e., you execute), you will make a boatload of money in the eventuality. Obviously, attempting to scale trade a stock, which may have no tangible worth (think "Enron") is a bad idea, hence the focus on commodities futures."Understanding Hedged Scale Trading" offers a relatively...
 
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