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Trading Pairs + CD Capturing Profits and Hedging Risk with Statistical Arbitrage Strategies
ISBN: 0471584282     Date Published: 2004-07-29     Author(s): Mark Whistler
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Hardcover
Wiley
279 Pages
 
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06/20/2013 01:28:55
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Editorial Review - Book Description:
An accessible guide to the pairs trading technique
A leading arbitrage expert gives traders real tools for using pairs trading, including customizable Excel worksheets on CD.
Mark Whistler (Denver, CO) is the key developer of pairstrader.com as well as a licensed securities trader and broker and leading arbitrage expert.

Download Description:
An accessible guide to the pairs trading technique
A leading arbitrage expert gives traders real tools for using pairs trading, including customizable Excel worksheets on CD.
Mark Whistler (Denver, CO) is the key developer of pairstrader.com as well as a licensed securities trader and broker and leading arbitrage expert.
 
Customer Review:
Total Reviews: (12)
  (3)      (3)      (1)      (2)      (3)
(3) Shared
 
28 of 30 People found the following review helpful.

Major Disappointment, September 30, 2004 ByWilliam Rockwell (Chatsworth, CA United States) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Trading Pairs: Capturing Profits and Hedging Risk with Statistical Arbitrage Strategies (Hardcover) I had hoped this book would provide a good overview of pairs trading as well as some specific techniques on implimentation. Unfortunately I found the book almost useless for a number of reasons. Other books on statistical arbritage have received poor reviews here for being too mathematically complex. This book does not suffer from this problem. The mathematics presented are not difficult and in fact are probably a bit oversimplifed. If you know sigma means to add a series then you probably know enough. The actual narrative is the main failing. Concepts are presented in a very disorganized way, with little continuity between subjects. The writing tortures the reader. Even relatively simple definitions are strained by many parenthetical remarks. The book does do not do a good job of conveying either the essence of the subject or much practical implimentation details. The book spends quite a bit of time describing how to build an excel spreadsheet...
 
7 of 8 People found the following review helpful.

Find the perfect pairs and you're there...., August 31, 2007 ByJohn Webb "Retired trader" - See all my reviews This review is from: Trading Pairs: Capturing Profits and Hedging Risk with Statistical Arbitrage Strategies (Hardcover) As a trader, I found the book gave a good overview on "Pairs Trading", but many of the examples, including the "Trading Diary" on Chapter 22 provided little inspiration to someone looking to make sizeable profits out of pairs trades. For example in Chapter 22, titled the "Trading Diary", after just 30 business days (41 days) the model trade in the book yielded a return of just 1.04%. Indeed, the basic premise behind the pairs trade, forgetting all the fancy statistics I found is to simply to look at the chart and see if it's tradeable (i.e has it got a range-bound movement!!!). The secret is to find the charts. To accompany this book you really need some good pairs trading software to find these charts. There's limited providers but I'm going to try [...]
 
2 of 2 People found the following review helpful.

A waste of money, October 5, 2009 ByColin Reed (Denmark) - See all my reviews This review is from: Trading Pairs: Capturing Profits and Hedging Risk with Statistical Arbitrage Strategies (Hardcover) Mark Whistler - a 'licensed securities broker', is the only qualifier for him writing this book. The book is poorly conceived, with numerous typos and bad grammar. There is little to justify the high price of this book. Given the high price of this work, Wiley could at least have employed a decent proof reader. A lot of it is just fill. Pages of pointless web addresses everybody knows about.. (yahoo, etc), rating of economic stats, and needless chapters about technical analysis, and option basics. If you're at the level of wanting to arb trade, you have that stuff down cold. It appears hastily put together with little sequence between the chapters. He even admits he changed course close to the publisher's deadline to include a real live trade (APA/APC), which reads more like a blog. It goes on and on. Do I want to hear about him standing on his desk screaming his head off when a trade got legs and went in his direction? At one point he admits that the pairs trading community focus on...
 
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