Excel skills

Discussion in 'Options' started by ferrycorsten, Feb 15, 2013.

  1. How do I get good at Excel? Specifically tailored to the modeling for options? I always "got by" on Excel over the years even though my profession required it 24/7. I think part of the problem is my lack of creative and organizational skills, I was never good at designing great spreadsheets and I have to really focus in order to design something decent. Anyone have any good reading recommendations?
  2. Cranking bolts off into engine blocks is how I learned mechanics.. and everything else! Haha.. what are you trying to do specifically.... you will only learn by doing... read & do... don't just read.... R is something else you can use
  3. mokwit


    I have problems learning the conventional way - I learned by looking at examples, reverse engineering them and copying what I needed from others (public domain) into my spreadsheets.
  4. There are pretty spreadsheets, there are great spreadsheets, and rarely, both together.

    To me a great spreadsheet is supremely functional and very easily delivers what you want.

    The more you do this the better you get.

    1) Start with what you want to achieve clearly in mind
    2) You should only have to enter the bare minimum into as few cells as possible. Everything else should then be pulled in by the spreadsheet using, for example, Lookup or Index, and calculated providing you the answer.
    3) Routine repetitive stuff should be automated using the macro recording function.
    4) If you get stuck at any point, just google what you are trying to achieve, there are wonderful resources on the net with great formulas suggested.

    That's all you need to do, visualise what it would be in a perfect world, then work step by step towards it. The more you do this the better you will get.

    If you are going to read about it, do so only to get ideas re what is possible.
  5. stoic


    I would recommend:

    Financial Modeling Using Excel and VBA

    by Chandan Sengupta
  6. I don't mean this to be a condescending or snide internet comment, we all have our strengths and weaknesses, but you used Excel for a job "24/7" and didn't get good at it? I think there was something in your way and it was not the lack of the correct text book. It's your attitude.

    Step 1 of this project is to choose one of the following:

    A) Believe stuff like "my lack of creative and organizational skills..." are true and you believe you have inherent mental obstacles to using the program, in which case you should just give up.

    B) Stop saying stuff like that. If you don't approach this problem with an attitude of "This is not some mystical power. It is a program with functions that the creators intend to be straightforward and I'm fully capable of learning EVERYTHING this does" you won't get anywhere. If you do adopt this attitude you won't need and are better off without a tutorial.

    Good luck.
  7. http://www.hoadley.net/options/options.htm

    popular among some et folks
  8. Nanook


  9. jamesbp


    There is a number of great 'free' websites ... lots of great excel examples including;

    - Chandoo
    - Contextures
    - OzGrid
    - Peltier
    - Newton Excel Bach
    - Mr Excel
    - JKP
    - Chip Pearson
    - The Spreadsheet Page

    ..... plus others

    Have a dig round the archives ...
    Sign up to the RSS / email updates ..

    I am constantly amazed at the quality of excel education these guys produce ...

  10. gmst


    Thanks for the names. I bookmarked all of these. Some look pretty good.

    For my excel/vba needs, what i do is whenever I encounter a problem, I do a quick google. Most of the times, I find enough hints that help me solve the problem real quick.

    I think that googling to solve excel problems is better approach than going through any of these particular websites, unless if you want to do a course offered by them. Since, google will take you to the right place, whereas if you go to any of these specific websites, you will have to search that website.

    Still, many thanks for these names. Didn't know so many of them existed.
    #10     Feb 15, 2013