Sharing his years of experience as a seasoned and successful trader, Williams offers his market wisdom on a wide range of topics, from chaos and speculation to volatility breakouts and profit patterns With his expert guidance, you ll learn about such fundamentals as how the market moves, what are the three most dominant cycles, when to exit a trade, and how to hold on to winners until the end of your chosen time frame Along with in depth analysis of the most effective short term trading strategies and details on the best theory and implementation of money management, Long Term Secrets to Short Term Trading features Williams s winning technical indicators, as well as his thoughts on a broad range of topics Here is a sampling A short term trader has one objective to catch the current trend of the market That s it That s all you should try to do The shorter your time frame of trading the less money you ll make You will never make big money until you learn to hold on to your winners, and the longer you hold the potential you have for profiteering It takes time to make money regardless of the activity Wealth is not amassed with just good market calls It also requires correct money management I think you need to fear the market and fear yourself Without fear there is no respect, if you do not respect the markets and fear yourself you will become one dead body on the long trail of commodity market casualties scattered across the land Filled with invaluable insight, precise rules and formulas, and helpful advice from one of today s most respected market players, this comprehensive and practical resource will serve as the basis for, if not indeed become, your short term trading gospel....
|Title||:||Long-Term Secrets to Short-Term Trading|
|Publisher||:||Wiley 1 edition March 11, 1999|
|Number of Pages||:||272 pages|
|File Size||:||987 KB|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
Long-Term Secrets to Short-Term Trading Reviews
As with his "Definitive Guide to Futures Trading" Volumes 1 & 2 Larry gives the reader dozens of gems. There is no 'Holy Grail' but there are patterns and other indicators which work on all markets in all time frames. Larry is a teacher. He shows you how an idea is used to generate a system and how to improve it. Everything he shows he invites the reader to go beyond his words and experiment in building your own system. I was a reluctant trader until I used some of his ideas from the "Definitive Guide to Futures Trading" series and constructed my own system. I know exactly what everything in that system does and know that it is profitable. I believe that this is what Larry wants every reader to do from his books. I am now retired and trade only 6 months out of the year. Larry gives a money management tool that is worth 100 times the price of the book. Proper money management can make a marginal system a winner. My advise is BUY EVERY BOOK THAT LARRY WILLIAMS HAS WRITTEN!
This is the ONLY book that explain how to count the peaks and troughs in the purpose of identify a market trend.
After reading most of this book, I realized that there are some good common sense tips that we just don't think about. I immediately applied them and found some successful use of these tips. However, the book chock full of poor explanations, some awful grammar (poor editing?), and certainly is a chore to soak in. Charts leave you hanging, as they are poorly or lazily explained. I read many technical networking books from Cisco Press, electronics engineering books, financial books, chess books, and other publications which many others would find difficult to read. I find this text near the top of the most difficult to read (speed-readers will not learn anything). When comparing this book to other texts, it seems he's making a desparate attempt to cram his whole life's reaserch (his "working thesis"), abridged into one small book, with absolutely no effort to promote retention. I believe Larry Willaims to be an expert on trading, and I welcome any info he has to offer, but I see him as no teacher. It would be better for him to teach a string of writers, and practical acedemic teachers his techniques and let them connect his knowledge to the common reader.
Really enjoy reading this book and it help me understand some issues around buying and selling shares. The author has a clear understanding of the markets and how they operate.
Larry made me get back to basic again. I started to use strategies I made 10 years ago, again.
I think it is snake oil being sold as "secret".
There are some good ideas here but almost all of the back-tested systems are too curve-fitted using TDW (Trading Day of the Week -- e.g. never buy on a Thursday) and inter-market relationships (e.g. buy stocks only when bonds are going up).