Comments on: Trading with the Odds by Cynthia Kase

By: Cool L

Cool L — Mon, 01 Nov 2010 11:24:24 +0000

Differing from many people, Cynthia Kase ponders trading in her own unique way. Don’t worry, she’s great, and so is the book, but you need intellectualism and a good understanding of statistics to understand fully what this book is about.

This is one example; She explains risk is relative to the square root of time period – if you lessen the time length, your risk is lowered as well. If something like that intrigues you, then this is the exact book you’ll want.

By: Tee JAY

Tee JAY — Mon, 01 Nov 2010 11:24:05 +0000

There may be many good ideas contained within this book. Sadly though, there isn’t a way we can backtest these theories because we don’t have the formulas for the Kase specific markers. Kase records the computations of the classic stochastic marker, utilized in nearly all-charting packages. But what she doesn’t state is the calculations behind the kase peak oscillations! I’d have to give this book a rating of two stars because of Elliott Forecasting systems.

By: nickel c

nickel c — Mon, 01 Nov 2010 11:23:46 +0000

Most traditional books in trade literature follow this formula:
1) Pretend to teach a niche subject, something mysterious only you know
2) Toss some basic knowledge in the mix, something that can be found anywhere
3) Charts, diagrams, patterns, and show some good paper trades
4) And then you market your trading course, which of course has to be paid for to be enrolled in

I love trading books, you could say I’m a kind of junkie, but people who do this are at the bottom of the barrel with these poorly executed ideas.

By: Broid

Broid — Mon, 01 Nov 2010 11:22:23 +0000

It’s sad that the bad comments people leave will affect the profitability of the book. Being honest, this book doesn’t put down an ABC of how to compute the proprietary markers given in the text. Though, that doesn’t necessarily mean that the information isn’t there or couldn’t be gleaned from the knowledge provided if looked over enough. People complain about this being hype for her company; this doesn’t always mean that the knowledge provided wouldn’t be viable for a trader to use. Don’t be crazy, there’s nothing wrong with making a profit from another’s idea – you just have to be willing to invest the time to understand what she is laying out to you in her book, because it is complex.

The people that typically gripe about this text lack basic knowledge of elementary probability and statistics and the want to go out and crack open other books to understand this one better. All they want is the quick-fix, one shot cures all book…but that’s just not out there, it’s a culmination of books that you have to read to find what works for you.

If you have the time to figure out what is going on in this book, then you may profit considerably. Kase has the talent of an engineer, and the mind of one too…if you try and browse through this book, then you are sure to miss out something important; because everything in the book is substantially significant.

If you’re looking for the get-rich-quick formula from a book, this’ll disappoint you. But if you enjoy learning and the challenge of a tough but good read, then I’m sure you’ll love this manuscript.

By: Serious Man

Serious Man — Mon, 01 Nov 2010 11:21:59 +0000

Do you know what transformed my thoughts on trading? Reading the book “Trading With Odds” a few years back. I’ve had a good degree of success in trading, and I’ve used a lot of the classical indicators. Cynthia’s text on statistical foundation trading is what I’m using as my current trading method. Genius at utilizing statistics to trade with odds, Cynthia Kase can do it!

This book is definitely not for the newbie, but anyone with a fair amount of knowledge of trading will gain a lot of knowledge from this.