Rating: Summary: Simply backtesting ... Review: All stuff in this book is made by simple backtesting and many ideas / trading systems in this book are made by setting an optimal stoploss (backtest). Some ideas are good but in general this is a nonsense book about trading.
Rating: Summary: Very good book! Review: Being a day trader, I sure have wasted a ton of money on books. It comes down to them either being worthless or priceless, this book falls into the priceless class. No book you buy is going make a person a complete trader, however a great book can always stir a person in a direction and lead them to personalized idea's. The only way that can work is by keeping things simple and that's what Larry Williams does a great job with in this book, and that goes for anything I've purchased from Larry. He teaches how to find probability edges with time tested strategies that can work in pretty much any time frame -- which is a great way to determine if something can truly hold up in changing environments. I like this book a lot!
Rating: Summary: too similar to the previous one Review: I agree with another reviewers, this book is mainly a re-arranged one of the previous book by the same author with addition of using the Internet and online trading. The methods are more or less the same as the previous one. I am still checking whether they are profitable or not. Many people said Larry's approaches were very creative. Did it imply they were profitable?
Rating: Summary: Philosophical differences aside. Review: I am not a fan of day trading. I have been involved with futures for the past 11 years. In ever respect I have told my investors ... to stay away from day trading.Now, I read Mr.Williams book and I begin to come a little more closer to understanding the idea of daytrading. Mr.Williams use personal anecdotes, clear concise language, and a very indepth analysis of what it takes to trade online. It was a good read.
Rating: Summary: Warning: This Could Be Dangerous To Your Wealth Review: I enjoyed parts one and three of Mr. Williams book, which is why I give it 3 stars, but found much of the material in the center section -- the real meat of this book -- of dubious value. In the hands of an enthusiastic and overly trusting beginner, this book could lead to mass wealth destruction. I programmed and tested many of the patterns Mr. Williams promoted but could not duplicate the results he claims to have achieved, even though I used the same time periods, same timeframes and same system parameters he indicated. Also, many of the patterns that are put forth as generating > 80% profitable trades are heavily optimized and filtered for the purpose of presentation in this book. Using TradeStation for back-testing, I could not get even one of the recommended patterns to perform above 20% efficiency. My goal in writing this review is not to criticize Mr. Williams but rather to warn budding traders that reliance on such convincing, well-told material as this can get you into a lot of trouble. With all due respect to Mr. Williams and his heavily advertised record as a trader and systems developer, let us all understand that he has built a substantial business around training others to trade. I suspect that the bulk of his income is generated from book sales, seminars and other paid programming that he delivers each year -- and not from the full-time implementation of the trading approaches put forth in this book. Again, I'm not bashing Mr. Williams but rather am sending up the warning flag to those who read this book. To end this on a positive note, I found Mr. Williams's advice on entry and exit strategy to be useful, especially using a percentage of the current bar's range added to the next bar as a trade entry point following a verified set-up. His thoughts on money management strategy are also sound. Thanks for letting me share my thoughts here and good trading to all!
Rating: Summary: I wonder how I've traded without it! Review: I found this book to be one of the most practical and helpful works on the "nuts and bolts" of systems trading. Mr. Williams' thoughtful and detailed research into market performance was most helpful. It gets the juices flowing along the lines of determining for oneself, the most useful techniques and systems to reduce risk, to evaluate specific market entry points, as well as the all-important exits. I have read many books on trading, and found this to be one of my favorites. It cuts to the chase, giving valuable guidance into the trading methods that have worked for him.
Rating: Summary: Day Trade Futures Online- Review: I have read most of Larry's books and this one is by far his best. If you are serious about trading futures online then this book is a must have.
Rating: Summary: Dishonest book Review: I've heard about LW in the specialized press and because of his indicator %W. I have been very disappointed by this book. There is something dishonest inside and outside of it. The title says "day trade futures online", in fact LW doesn't talk about day trading but about short term swing trading lasting 2 to 3 days ! He presents lots of wining systems which show quite good performances but mentions nothing about stoplosses nor exits. As we know, exiting a position is far more difficult than entering a trade. Believe it or not, the chapter about exit lays on less than 2 pages! Disappointing...
Rating: Summary: Dishonest book Review: I've heard about LW in the specialized press and because of his indicator %W. I have been very disappointed by this book. There is something dishonest inside and outside of it. The title says "day trade futures online", in fact LW doesn't talk about day trading but about short term swing trading lasting 2 to 3 days ! He presents lots of wining systems which show quite good performances but mentions nothing about stoplosses nor exits. As we know, exiting a position is far more difficult than entering a trade. Believe it or not, the chapter about exit lays on less than 2 pages! Disappointing...
Rating: Summary: Must Have Review: If Larry Williams writes it you must buy it. Over the years Larry Williams has shared methods that most traders would not give away in any form. This book is another Willams must have. While I prefer shorter time periods Mr. Williams methods are winners. If you want a place to start and your looking for the holy grail start here. What is more important is the real considerations of the readers inability to understand there strengths and weakness. His simple explanation of how the market works and what moves price should be in every trading room. Buy it.
|