Day Trade Futures Online (Wiley Online Trading for a Living)

This is one of Larry's best, in my opinion. He gives some very practical setups and exits. I have programmed just one of them so far and am experiencing very good results (unlike another reviewer). I am now working on the other setups to add to my portfolio of systems.

Larry has some great ideas. However, if you've read any of his other books you see some repetition here.

Larry Williams is one heck of an interesting trader to read. This is a book written by a guy who actually traded and made big bucks doing so. This is not one of those books written by brokers or MBA's who've never made a living off of trading. Several minuses worth noting. 1) This book was written in 2001, so the whole section on brokers and research must be considerably out of date by now. 2) Williams outright cuts and pastes out of "Long Term Secrets to Short Term Trading". The difference between this book and "Long Term Secrets" is that this book features a day trading strategy, and it also features info on futures brokerages/research, which is a problem since the book is out of date in that area. "Long Term Secrets" has more material on technical analysis, though it is not written in the most comprehensible manner. 3) In "Long Term Secrets", Williams comes out directly against day trading, while this book obviously has a slightly different point of view. Still, if you want to find scalping strategies you're going to be disappointed - Williams primarily focuses on daily charts. 4) This is not a book for people who have no idea what trading is. You should at the very least have a 1-2-3 understanding of the basic concepts, otherwise you can get a bit lost. 5) Williams' style is somewhat informal, so that may take a bit of focus and re-reading at times to get a few things right. Its not an academic style book. That said, Williams' greatest strength is that he puts across the correct attitude of a speculator. You really get a sense of a guy who's been out there and is now sharing you his war experience. This is where the book really shines. In particular, the chapter on money management (also featured in "Long Term Secrets") is a real gem. You really lose this in many of the other books. You sense the logic that he uses in designing a strategy (though I often wish he went into a bit more detail), the logic behind psychology, and the logic behind money management.

This book is OK, but this is a complicated subject. I would strongly recommend buying and reading more than just this one book prior to investing any money.

I purchased this product/book in Used condition and it was great! thanks for the great quality and speedy delivery!!!!

very informative

I'll not quibble between 4 and 5 stars. I agree with the reviewer below (Mr. Coffin) that I did not get the same results that Larry got when he did the studies -- and, FWIW, like Mr. Coffin, I used Trade Station. Larry's attitude, which I choose to characterize as "test the hell out of your trading notions, then don't worry about a thing, cause nothin's gonna be all right" (with apologies to Mose Allison) is clearly correct. The item of pre-eminent importance is that Larry said (as I recall) that Ralph Vince said (no slouch in these matters, Ralph) first profitable open works best as an exit strategy. Or, "Get out of Dodge with the money before the Marshall figures out you've got the dough." Try to worry yourself to death during the holding period when your holding period is only long enough to eat dinner, then breakfast. My stress level has gone way down. True enough, I'm not trading Larry's strategies. As a side note, I will say that the strategies worked pretty much as advertised up until a year or so before the book was published, more or less. I'm not nearly smart enough to know what changed. But I know that Larry follows the precept of testing, implementing, expecting the worst today with a long term outcome of winning. So read the book, make up your own variations, test them, find those that back test well & forward test well. Trade those, make money, be happy, and devil take the hindmost. Thanks, Larry.

Mr. Williams specializes in the S&P 500. You won't find a better or more proven trader than Mr. Williams. He is very generous with his techniques and trading methods, complete with well researched studies of successful trades. His ideas can also be applied to other trading vehicles. You can't lose reading any and all of Mr. William's books. Well worth the purchase price, as you are capturing over 35 years of successful and documented trading experience. This is the updated version of "Long-Term Secrets To Short-Term Trading", with some new material added.

This book although has a lot of information that for me was not relevant, like which internet sites to search for internet information and probably not up to date, it has several useful advices for those that would like to trade financial instruments.

Básico

It’s just hopelessly out of date.