Any good math/stats books suggestion for trading?

I mean this book is really thick:
http://www.amazon.com/Asset-Price-D...=1366085365&sr=1-1&keywords=Stephen+J.+Taylor

An example of math/stats theory that I think I should know to develop a profitable day trading strategy would be Monte Carlo.

 

Not worth the paper it is printed on ...

For example:

p.28 (from amazon look inside):

"Finding prospective quantitative trading strategies is not difficult. There are:

* Business school and other economic research web sites.
* Financial web sites and blogs focusing on the retail investors.
* Trader forums where you can exchange ideas with fellow traders.

After you have done a sufficient amount of Net surfing or trading magazine riffling, you will find a number of promising trading strategies. ...
"

Either this guy is a total moron or ...

 

so ernie chans is an active member over here?

 

http://www.amazon.com/Mathematics-Poker-Bill-Chen/dp/1886070253

http://www.amazon.com/Fixed-Odds-Sports-Betting-Statistical/dp/1843440199

 

Not easy to apply these in financial market.

 

Since you were asking for maths/ stats books, this is one of the best introductory stats/ ML books IMO:

http://www-stat.stanford.edu/~tibs/ElemStatLearn/

 

Have you read Hamilton or Tsay's books on time series analysis?

 

Is this a textbook for electronic engineering major?

 

His book idea is very simple and good for beginner, but I know all of those already.

 

Don't waste your time reading books ...

Take a look into papers in

http://arxiv.org/archive/q-fin

to get some rough idea what math can be applied and then cherry-pick math lecture notes for the topics you are interested in. (Fortunately, the math used in q.finance is rather primitive ...)