Long-Term Secrets to Short-Term Trading

Kategoria:
Wydawnictwo: Wiley
ISBN: 9780471297222
Okładka: Twarda
stron: 272
Wymiary: 10.1 x 7.1in

304,40 

Czas wysyłki: Towar tymczasowo niedostępny

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Opis

Podana cena książki jest orientacyjna, zależy od kilku czynników. Po zakupie obsługa sklepu skontaktuje się, jeśli konieczna będzie dopłata.

Review

„Larry is the only person I know who can mix systems and rules with confessions of his soul. This book should have universal appeal to not only the trading world but to all who apply themselves to the laws of the universe. This is a study of the self, the markets, and the interfacing of the two.” -Linda Raschke, President, LBR Group, Inc., CTA

„Larry Williams’ contributions to the study of technical analysis are well documented and indisputable. I have learned more from Larry than all other traders combined. His techniques are original, clever, and fresh. The depth and breadth of his knowledge is mind-boggling. I highly recommend it.” -Tom DeMark, author of New Market Timing Techniques and The New Science of Technical Analysis

„Having known Larry for 25 years, I can truly say that this is his 'magnum opus’; the culmination of a brilliant career; must reading for anyone who trades futures with success as their goal!”-Jake Bernstein, President, MBH Commodity Advisors, Northbrook, Illinois

Linda Raschke, President, LBR Group, Inc., CTA
„Larry is the only person I know who can mix systems and rules with confessions of his soul. This book should have universal appeal to not only the trading world but to all who apply themselves to the laws of the universe. This is a study of the self, the markets, and the interfacing of the two.”

Tom DeMark, author of New Market Timing Techniques and The New Science of Technical Analysis
„Larry Williams’ contributions to the study of technical analysis are well documented and indisputable. I have learned more from Larry than all other traders combined. His techniques are original, clever, and fresh. The depth and breadth of his knowledge is mind-boggling. I highly recommend it.”

Jake Bernstein, President, MBH Commodity Advisors, Northbrook, Illinois
„Having known Larry for 25 years, I can truly say that this is his 'magnum opus’; the culmination of a brilliant career; must reading for anyone who trades futures with success as their goal!”

Book Description

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 more 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 more 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.”

Book Info

Provides the blueprint necessary for sound and profitable short-term trading. Highlights the advantages and disadvantages of what can be a fruitful, yet potentially dangerous venture. DLC:Commodity futures.

From the Back Cover

„The public thinks speculation is a game of knowing the future, of knowing that which cannot be known. They are wrong. It is a game of developing strategies with winning advantages, of getting the odds on your side, and then working those odds. Here’s how I’ve done just that for the past 35 years.-Larry Williams.

Short-term trading is how most traders and would-be traders play the markets. While it offers the greatest financial payoffs, it also presents the greatest challenge, requiring constant attention and vigilance, as well as a very strict plan. Written by Larry Williams, the most recognized and popular technical analyst for the past three decades, this groundbreaking book-his first in almost a decade-provides the blueprint necessary for sound and profitable short-term trading, highlighting the advantages and disadvantages of what can be a fruitful, yet potentially dangerous venture.

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. 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 more 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 more 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.”

„Having known Larry for 25 years, I can truly say that this is his 'magnum opus’; the culmination of a brilliant career; must reading for anyone who trades futures with success as their goal!-Jake Bernstein, President, MBH Commodity Advisors, Northbrook, Illinois.

About the Author

LARRY WILLIAMS is a well-known trader, author, newsletter editor, and money manager. He is the all-time top winner of the Robbins World Cup Championship in Futures Trading, taking $10,000 to $1,100,000 in less than twelve months. He has served on the Board of the National Futures Association and twice ran for the U.S. Senate in Montana. Featured in such publications as Barron’s, The Wall Street Journal, Forbes, and Fortune, Mr. Williams has been one of the most widely quoted and followed advisors over the past twenty-five years. „Larry is the only person I know who can mix systems and rules with confessions of his soul. This book should have universal appeal to not only the trading world but to all who apply themselves to the laws of the universe. This is a study of the self, the markets, and the interfacing of the two.”-Linda Raschke, President, LBR Group, Inc., CTA

„LARRY WILLIAMS’S contributions to the study of technical analysis are well documented and indisputable. I have learned more from Larry than all other traders combined. His techniques are original, clever, and fresh. The depth and breadth of his knowledge is mind-boggling. I highly recommend it.”-Tom DeMark, President, Market Studies, Inc. Consultants;author, New Market Timing Techniques and The New Science of Technical Analysis.

O autorze

Larry Williams (ur. 6.10.1942) to trader z bogatym doświadczeniem. Rynkami zainteresował się na początku lat 60., aby po krótkim czasie stać się zawodowym graczem giełdowym. W roku 1965 Williams zaczął redagować biuletyn Williams Commodity Timing, który był publikowany do 2008, dzięki czemu jest drugim pod względem długości istnienia regularnie wydawanym biuletynem tego typu.

W 1966 roku Larry Williams opracował wskaźnik %R, który po dziś dzień jest standardowym narzędziem wbudowanym w większość programów do analizy wykresów. W tym samym roku po raz pierwszy zaczął również mówić o punktach osiowych, o których napisał wydaną 1969 książkę „The Secret of Selecting Stocks”. Williamsowi przypisuje się także opracowanie koncepcji wybicia z progu zmienności, statystycznych różnic zmian cenowych pomiędzy poszczególnymi dniami tygodnia i miesiąca oraz metody pomiaru akumulacji i dystrybucji. W latach 70. jako pierwszy zaczął pisać o znaczeniu raportu Commitments of Traders (COT) oraz sezonowości na rynkach towarowych, kładąc w ten sposób podwaliny pod nową branżę usług doradczych.

Największą sławę przyniosło mu jednak zwycięstwo w turnieju Robbins World Cup Championship of Futures Trading. W 1987 roku zajął w nim pierwsze miejsce, zaczynając współzawodnictwo z 10 000 dolarów, a kończąc je po 12 miesiącach z 1 100 000 dolarów. W całej historii turnieju żaden ze zwycięzców nawet nie zbliżył się do tego wyniku. Warto wspomnieć, że dziesięć lat później jego szesnastoletnia córka, stosując się do nauk ojca, wygrała ten sam konkurs, osiągając 1000 procent zysku.

Williams skupia się głównie na kontraktach terminowych. Posługuje się wykresami w skali dziennej, a na rynek wchodzi, gdy spełnione zostają fundamentalne kryteria zapowiadające duży ruch cenowy. Nie uprawia spekulacji mechanicznej, ale w swoim podejściu jest bardzo systematyczny. Wierzy, że spekulacja giełdowa jest sztuką, a nie wyłącznie biznesową kalkulacją.

Zajmuje się też edukacją – uczył tysiące traderów na całym świecie. W 1982 roku rozpoczął szkolenia, w czasie których dokonywał transakcji na żywo. Od tamtego czasu zwyczaj ten przejęło wielu innych wyróżniających się nauczycieli spekulacji, ale tylko jemu udało się podczas serii tego rodzaju warsztatów zarobić ponad milion dolarów. Williams jest ponadto autorem wielu książek. Przez ponad 40 lat przekazywał honoraria autorskie z tego tytułu na program stypendialny University of Oregon.

Gdy nie zajmuje się giełdą, poświęca czas pasji, głównie archeologii. Ponadto kolekcjonuje sztukę Indian, wędkuje oraz biega w maratonach. Jednak żadne z licznych zainteresowań nie pochłonęło go równie mocno, jak rynki. W 1978 roku był nominowany z ramienia Partii Republikańskiej na senatora USA.

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