ARTICLE SYNOPSIS ...Book Review: Thomas A. Rorro's Assessing Risk on Wall Street. By Robert W. Hull Thomas A. Rorro Sobaro Publishing Company, 1984 Price: $17.95 (202 pages) Thomas A. Rorro's book, Assessing Risk on Wall Street , is indeed a bridge between the investment communities' personalized approach to the market on the one hand, and the theory of investments as presented in the academic literature on the other. He combines his own particularly well-thought-out approach to risk and return, using methodology found in the academic literature, to finally arrive at a practical method of assessing the financia...
ARTICLE SYNOPSIS ...Using basic statistics for stops by Robert W. Hull, Jr. The primary purpose of this article is to use basic statistics to measure the degree of price volatility that can occur on a daily basis in the copper market. These measures can then be used to place a stop or limit order that takes into account these natural daily price movements. The statistics that will be used will be the mean, the standard deviation, and the coefficient of variation. Many potentially profitable trades have ended up losing money or cutting profits short for the trader, as the market has traded to a price where the t...