Trading Systems: Secrets of the Masters

Rating:
Summary: 90% Useless Drivel
Review: As mentioned by the author this book was written by submitting over thirty of the same questions to so called systems trading experts. It is really laughable that he ask them to write about their first system, since most first systems composed by anyone is junk. Then he ask them to come up with one system written in English and most come up with silly little systems that have huge drawdowns, even when back tested. I, myself have at a least a half dozen systems that backtest better than any of their systems. Another annoying part of the book is a few of the expert system writers don't provide enough information and only advertise their own books or systems for sale. This book was not worth having in my library.

Rating:
Summary: A great learning aid in trading
Review: I found Joe's book to be extremely helpful in getting into the minds of some top traders. I have found in my own trading that one good idea can be worth thousands of dollars in profits(or avoided losses for that matter). One of the easiest ways to develop success at anything that you do is to find out what the pro's are doing and then try and copy them. Joe's book sheds light on the processes the pro's use to develop trading systems and will help you on your journey to developing your own successful strategies. Get two copies, one for your library and another for the people that will inevitably ask to borrow yours.

Rating:
Summary: The Question/Answer technique is wonderfully explicit!
Review: I really appreciated the question/answer technique used by the author at the beginning of this book. As you read the advice from seasoned professionals who have made livings by trading their own currency and bond systems, you (the reader) cannot help but be humbled that you are receiving such exact information at such a low price! This book includes some of the most notoriously fabulous commodities trading systems ever written, the wherewithal of how they came to be, and the mind-processes of their developers. A great book!

Rating:
Summary: not much to learn from this book
Review: The author was rather lazy in writing this book. He asked the "Masters" the same questions. You cannot ask the same question to people have different trading styles. The question of which futures should be retained or cancelled is really stupid. It doesn't help traders to learn something useful. Some of the "Masters" didn't answer all of them. And some answers were very confusing. I would prefer Schwager's Market wizards. This book is also overpriced. Fortunately, I borrowed it from the library. Not recommended!

Rating:
Summary: Solid
Review: The author was rather lazy in writing this book. He asked the "Masters" the same questions. You cannot ask the same question to people have different trading styles. The question of which futures should be retained or cancelled is really stupid. It doesn't help traders to learn something useful. Some of the "Masters" didn't answer all of them. And some answers were very confusing. I would prefer Schwager's Market wizards. This book is also overpriced. Fortunately, I borrowed it from the library. Not recommended!

Rating:
Summary: ZERO INTEREST
Review: This book is of no value!
Interviews irrelevant,system ideas presented light like smoke.
If you want to make money, instead of buying this book try to write one alike.
Don't make the mistake I did by buying it.
Period

Rating:
Summary: Haste makes waste.
Review: This is one overpriced, poorly written, and generally careless book! In short, the book is made up of "interviews" with some of the leading designers of trading systems. Although many of the names will be familiar to system designers, there is little information that demonstrates that these people are indeed the best (returns, for instance). That is not the real problem here, though. The "interviews" are all alike; Krutsinger asks each person essentially the same canned questions. Unlike more astute interviewers, such as Jack Schwager, Krutsinger does not challenge any of the answers of the interviewees. What we are left with, then, are canned interviews that were not even done in the presence of an interviewer. Krutsinger himself sometimes writes awkwardly and unclearly and, in fact, commits many careless typos and other errors (JESSIE Livermore? I thought he was a GUY?!). The best part of the book, however, is Krutsinger's interview of tradi! ng master Larry Williams. This chapter alone may be enought of a reason to read this book, but don't expect much else. It seems that there was not much effort and time put into writing this book. Accordingly, readers might be wise to put forth about the same amount of effort.

Rating:
Summary: Solid
Review: Written in pseudo-Market Wizards style.. consists of a questionaire/interview with some of the legends of this most recent generation. There is some bias towards mechanical systems, but the information discussed is beneficial to every trader. This is one of those books that you can pick up a handful (and more) of ideas to try out for yourself.