
Weekend reading 08/19/2016
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[Building an exchange – the hard way](http://www.thetradenews.com/Trading-Venues/Building-an-exchange-%E2%80%93-the-hard-way/)

> On June 17th 2016, the SEC approved IEX’s application to become a registered national securities exchange
> with its launch as a full exchange scheduled for 19 August.
> IEX now hopes to take on the likes of Nasdaq and NYSE, though it has a long way to go to compete with these giants.
> Current market share totals at 1.451% and its average daily matched volume is 93,809,082 at the time of writing.

[Preparing For A Volatility Increase](http://www.optionstrategist.com/blog/2016/08/preparing-volatility-increase-1412)

> What we are really trying to get at in this article is to put together an approach for the next phase
> of volatility – which will eventually be a rising phase.
> It will favor volatility buyers and could be painful for volatility sellers unless they are careful.
> But the real quandary will arise when one tries to analyze these strategies as volatility lifts from the doldrums and begins to rise.

[The Difference Between Buying Stock and Trading Options](http://www.terrystips.com/blog/the-difference-between-buying-stock-and-trading-options/)

> Option investing takes study and understanding and discipline that the purchase of stock does not require.
> Every investor must decide for himself or herself if they are willing to make the time and study commitment
> necessary to be successful at option trading.
> Most people are too lazy.

[Weekly Calendar Trading](http://www.optionpit.com/node/643584)

> If you were given the chance to flip a coin once and it lands on heads you get 1 000 000 dollars
> and if lands on tails you owe 700 000 would you take the coin flip?

[The Practice](http://www.the-lazy-trader.com/2016/08/the-practice.html)

> It’s common to hear that Paper Trading is useless, as emotions are not involved and therefore it will never be anything like real trading.
> Based on this, some people advice to not use a paper trading account and instead, jump straight to trading with real money,
> just with a very small amount as you learn the ropes.

Blog #paper-trading

Weekend reading 08/19/2016

Last thing