Long-Term Secrets to Short-Term Trading

"Hugely popular market guru updates his popular trading strategy for a post-crisis worldFrom Larry Williams--one of the most popular and respected technical analysts of the past four decades--Long-Term Secrets to Short-Term Trading, Second Edition provides the blueprint necessary for sound and profitable short-term trading in a post-market meltdown economy. In this updated edition of the evergreen trading book, Williams shares his years of experience as a highly successful short-term trader, while highlighting the advantages and disadvantages of what can be a very fruitful yet potentially dangerous endeavor.Offers market wisdom on a wide range of topics, including chaos, speculation, volatility breakouts, and profit patterns Explains fundamentals such ashow the market moves, the three most dominant cycles, when to exit a trade, and how to hold on to winners Includes in-depth analysis of the most effective short-term trading strategies, as well as the author's winning technical indicatorsShort-term trading offers tremendous upside. At the same time, the practice is also extremely risky. Minimize your risk and maximize your opportunities for success with Larry Williams's Long-Term Secrets to Short-Term Trading, Second Edition"--Provided by publisher.

Autorentext

LARRY R. WILLIAMS has been trading for almost fifty years and is one of the most highly regarded short-term traders in the world. Larry has taught thousands to trade, won several trading championships, and since 1970 has been writing bestselling books based on his technical indicator, Williams %R, developed in 1966 and still published daily in major financial newspapers and on finance and investing sites. Between trading, researching, and developing trading tools, he ran twice for the U.S. Senate, was a board member of the National Futures Association, and has received numerous awards, including Futures magazine's first Doctor of Futures Award, the Omega Research Lifetime Achievement Award, and Traders International 2005 Trader of the Year. The Mayor of San Diego declared October 6th, 2002 "Larry Williams' Day." Larry has been featured on CNBC and Fox News, and has been interviewed and quoted in more publications than he can keep track of.

Klappentext

Praise for the First Edition:

"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

Zusammenfassung
Provides the blueprint necessary for sound and profitable short-term trading in a post-market meltdown economy. This book highlights the advantages and disadvantages of what can be a very fruitful yet potentially dangerous endeavor.

Inhalt
Acknowledgments Introduction: You Are Already a Commodity Trader My Most Important Market Belief The Beginning of My Career as a Speculator The Ride of a Lifetime Chapter 1 Making Order Out of Short-Term Chaos How I Learned about the Market Charting the Market The Nonrandom Market Understanding Market Structure Market Structure Will Never Change Short Sell Pattern Target Time and Trailing Stops Recap Chapter 2: It's a Question of Price and Time All You Will Ever Need to Know about Cycles The Natural Cycle of Range Change Where the Trend Is with You-The Second Power Play Price Pattern Recap Chapter 3: The Real Secret to Short-Term Trading It Is All about Time Recap Chapter 4: Volatility Breakouts-The Momentum Breakthrough Simple Daily Range Breakouts A Look at Volatility in the S&P 500 Separating Buyers from Sellers to Find Volatility Using Market Swings Results One Step Further Recap Chapter 5: The Theory of Short-Term Trading E. H. Harriman's Rule of Making Millions Chapter 6: Getting Closer to the Truth The Market Is Not a Coin Flip: Random walk or Cootner vs. Cohen (Cohen wins) Gold Tdom Study Bond Tdom Study Monthly Road Maps Recap Chapter 7: Patterns to Profit The Common Element The Questions to Ask My Smash Day Patterns How to Use Smash Day Patterns Specialists' Trap A Vital Note-This Works on Shorter Time Frames as Well Oops! This Is Not a Mistake S&P Oops! Trading Recap Chapter 8: Separating the Buyers from the Sellers Greatest Swing Value Stock Index Trading with Greatest Swing Value Some Pointers Recap Chapter 9: Short-Term Trading from a Quote Screen How a Quote-Screen Trader Makes Money Swing Points as Trend Change Indication The Three-Bar High/Low System A New Indicator for Short-Term Traders ... Will-Spread Will-Spread and the S&P 500 Stock Index Recap Chapter 10: Special Short-Term Situations Month-End Trading in Stock Indexes Target Months Making It Better Month-End Trading in the Bond Market Getting Specific Better and Better A Time to Sell as Well Recap Chapter 11: When to Get Out of Your Trades Chapter 12: Thoughts on the Business of Speculation Exits Before Entries What Speculation Is All About It's about Time Essential Points about Speculation Recap Chapter 13: Money Management-The Keys to the Kingdom Most Traders Use a Hit-and-Miss Approach Approaches to Money Management-One Is Right for You The Good, the Bad, and the Ugly of Money Management Looking in New Directions, Drawdown as an Asset Back to Ralph: 2011 Money Management Breakthrough The Kelly Ratio Mirage Recap Chapter 14: From Kennedy to Obama, Thoughts from 50 Years of Trading Trading and Collecting Honey Low Hanging Fruit Look before you leap is one of the first adages we are taught as children. It should be should the first one we are taught as traders. Remember the Kid's Game "Pick up Sticks" And It Can Get Worse by Far... Lock-Up Time Enough on Greed ... Now Let's Deal with Fear Running, Trading, and Losing Doing the Wrong Thing ... It's So Easy, Isn't It? It's Not the Trade, It's the Battle The Art of Fly-Fishing Revisited Fear and Greed, Looking Them in the Face Again Why Most Traders Lose Most of the Time A Review of Losing Trades Showed That The Number One Reason We Lose Money Trading The Most Important Trading Belief You Have The Worst Dog I Ever Had, Cost the Most Athletics Are Such a Parallel to Trading What Causes Stock and Commodity Market Trends How to Measure the Public vs. the Pros Folks, It Just Can't Be Done The Rush of Trading Beating Them to the Punch It's Just Over My Head I Looked Fear and Greed in the Face The Show Must Go On Broken Noses, Cauliflower Ears, and Bad Trades Learning How to Lose Money Hillary, Highs Hopes, and Heartaches Nervous Nellies-Heaven Bound Secrets of System Developing and Trading The Difference between Winners and Losers Recap Chapter 15: Just What Does Make the Stock Market Rally? Logic 101 These Words Are My Bond A Look at Data A and Data B Let's Break Some Bad Habits How to Break Bad Habits Comments on Setting Stops-Dollar Loss and Unpredictability An Overview of How I Trade M