High Performance Futures Trading: Power Lessons From the Masters

By: Robbins, Joel, Editor

Book Overview

This book brings together the best minds in trading to produce a wide-ranging and informative volume that will provide lasting value to traders of all kinds. Covering everything from Elliott Wave to... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 1557381496
• ISBN13: 9781557381491
• Release Date: January 1990
• Publisher: Probus Publishing
• Length: 455 Pages
• Weight: 2.10 lbs.
• Dimensions: 1.5" x 6.1" x 9.3"

Customer Reviews

High Performance Futures Trading: Power Lessons from the Masters

The single most important variable to success in futures trading is not "trading systems," nor is it "the type of computer you have," nor "the type of inside information to which you might be privy." It is not "the amount of capital you have," nor "the broker with whom you are trading." The simple fact of the matter is that what ultimately separates winners from losers in the futures markets is "market savvy." Unfortunately, market savvy does not come naturally to many traders, and even the most experienced ones need it reinforced from time to time. HIGH PERFORMANCE FUTURES TRADING: PWER LESSONS FROM THE MASTERS is an extraordinary manual that brings together contributions from the most disciplined, innovative and experienced minds in futures trading today. Written in a clear, insightful, informative style, it will assist readers in developing and successfully executing a disciplined trading approach. A host of experts present what they know best. Bernstein on Seasonal and Cyclical Trading. Kneafsey on The Cambridge Hook. Roemer on Using Weather Forecasts. Schlifke on Investing in Funds and Managed Accounts. Babcock on Newsletters and Advisory Services. DiNapoli on Fibonacci Analysis. Lively on Market Sentiment. Dalton and Jones on Trading Logic and the Market Profile. Prechter and Frost on the Elliott Wave. This highly useful manual also provides users with a complete set of appendices including a glossary of terms and a bibliography of books, newsletters, software, databases and advisory services. HIGH PERFORMANCE FUTURES TRADING shows individual investors, futures/options traders, portfolio/fund managers and investment advisors how to understand and use the high performance trading systems developed by the experts and how to apply them successfully to their own investment programs. If you are interested in boosting your futures trading performance, HIGH PERFORMANCE FUTURES TRADING may be the best investment you will make all year!* *These are the dust cover notes from this publication.

Essential Elements of Futures Trading

In Indian capital market, a historic change is going to take place on July 2, 2001. Indian capital market has a system of carrying forward the trades done on the stock market till the party completes the delivery of cash or certificates as the case may be or squares off the transaction with a buy or sell as appropriate. During the carry forward period, the margin may or may not be paid by the investor, but he has to pay carryforward charges from settlemet period to settlement period. This practice is being stopped from July 2, 2001 and India will have a derivative market in financial securities in which only the players can take positions by paying margins.Hence, there is a lot of interest in the country to read books on futures and options trading. People are moving from library to library to read books on derivatives. It is in this context that I came across this book. This book is edited one. Right at the beginning of the book, the editor focusses the readers on the three essential elements of future trading: discipline, well designed trading system, and adequate capitalization. A chapter on discipline by Jake Bernstein stresses the importance of continuous effort to track the market data and act upon it. Kenneth Upshaw's chapter on conserving capital is a very useful chapter. In a recent seminar, a number of experienced brokers commented that clients in general do not like stop loss actions. That means many traders in the markets are doing a basic mistake. The call of the editor to traders to review the basics of trading is very appropriate. Eighteen chapters are devoted to discuss various technical approaches that were used by master traders successfully. The last chapter summarizes all the chapters in the book and provides the common threads of the master strategies.This book is recommended for study by every aspiring futures trader. Only difficulty could be that you have to find it in a library.