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Summary: A reflections after trading and larry williams book
Review: I bought the book and enjoyed reading it. I have also attended several of his seminars (total cost around 6000 $. I like to think of myself as an independent thinker. I am an active and profitable trader. Not as proftable as I would like so I keep reading/evaluating digesting new books. Here;s the scoopTihs book offers a first class springboard into successful trading. There are no assured success in trading because we basically trade people psychology which is difficult to predict at best ! This book offers ideas strategies which you should modify to your taste and liking. I have taken some of his concepts and programmed a system that i have strated to trade successfully in the s&p futures markets. It has a valid premise, tests well on backtesting and walk foward testing. So I got my moneys worth from the book. This book is much better than the average trading book since it provides specifics. There is no subastitute to back testing, it does not assure success but it reduces the chances of using a flawed strategy. I don't agree with williams in terms of stops. He uses a money management stop but appears to vary it every year. I believe that the stop should be adaptive based on market parameters. Hope this review helps. I believe that larry williams is a genuinely successful trader but we should not expect him or anyone else to divulge their best system in a book that costs < $ 100.
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Summary: Futures Broker gives it two thumbs up!
Review: I first discovered Mr. Williams when a client brought his book "Batting .800" to me. That was eight years ago. I was impressed then and I am still impressed now. Since he is the only one in a contest setting to take $10,000 to $1 million, when he writes I feel compelled to read it. This book wins on many points. Mr.Williams likes to use Tradestation to prove out his theory and that makes it accessible to many system developers. He also gives out specific times to trade contracts and he also compares his systems among multiple contracts. Delineating what markets work with what system strategies. Where the book fails, is that Mr.Williams quickly begins to talk "shop-talk" and will easily lose those investors that may have bought his tapes or seminars. He also fails in the disjointed way interjects his trading platitudes with his actual trading style. Novices beware. After being in the futures industry for the past 11 years as broker, investor, and the author of three books on the futures investing subject, this book I feel is a must have for the intermediate trader.
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Summary: Revealing!
Review: i found this book to be insightful and interesting to read... some good tips for better more profitable trading!
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Summary: A Great Source for System Ideas
Review: I have traded for almost 7 years and have read over 120 trading books. Out of all of those books only about 6 are worth anything. This book by Larry Williams is one of the good ones. No book is going to hand you a great trading system, but this book gives you a number of very solid ideas upon which to build a good system. As Larry says in his book, take his basic ideas and put in hours of work to figure out how to get them to work for you. If you are looking for a way to read a book and then start making tons of money, that book does not exist as far as I know. This book plus a lot of work can get you there. The only question I still have about Larry Williams is why did he sell books in the past that claimed to show you his million dollar methods (mid to long term) when it was obvious that he was using completely different methods for his own account (short term). Account statements printed in his pamphlets and books clearly proved that.
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Summary: Be a Contrarian
Review: I hope that no one will be insulted by my ensuing remarks. It is said that 90% of all traders lose money. (Quite interestingly, this statement runs counter to what statistical theory would suggest. However financial markets have rather exotic distributions and participants in these markets have their own pyschologies to contend with) One can extrapolate from the above information that roughly the same percentage of reviewers of "trading literature" on this website fall into the "losing" category. I would caution prospective buyers to be very wary of mainstream trading books and trading literature in general. Do not be enticed by glowing reviews, most reviewers know not from whence they speak. I am not suggesting that all well received books cannot be worthy of perusal. I am simply saying that most, not all, are not worth your time. I am sorry to say that "Long Term Secrets to Short Term Trading" falls into the do not buy category. No true speculator will ever give away his edge. No true speculator will ever mass market "secrets of success". These axioms also apply to some fallen "Market Wizards". I'd like to think that I know what I am talking about; I have accounts with many of the greatest speculators alive. Bruce Kovner, Paul Tudor Jones, Mike Kingdon, Leon Cooperman and the legendary Louis Bacon to name a few. Suffice to say that none of these individuals have or will ever write a "How to Get Rich Trading" book. Trading is a very difficult business, either devote all of your time and hopefully abundant resources to it; or give your money to someone who knows what he is doing. And if you are really talented, do both.
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Summary: Great Value!
Review: I would have rated this book 5 stars if not for one thing. Mr. Williams could use a good editor. The book is somewhat disorganized and hard to follow in areas, but the information is there. I am a student of Larry Willams and have read much of his material. Having this background has been helpful, if not necessary in some cases, in understanding the material in this book. If you don't know Larry Williams and his teachings you might have difficulty following some of the material in this book. Said another way, this book is not necessarily entry level. The more background you have in trading, the better suited you will be to benefit from this book. This being said, the book is an incredible value for the money! Mr. Williams has distilled almost 40 years of experience and lessons learned into this one book. I have not read every book on the subject of futures trading, but I have not seen many that give the reader/student so many tools with which to work -- to build their own trading systems. With hard work, discipline and focus, the application of what he teaches in this book is literally a gold mine. I have and do currently use his tools in my own trading systems. Tools like Trading Day of the Week, Trading Day of the Month, the interrelationships of markets like gold and bonds, holding to the close and volatility breakouts all are "real". They work! They do make money if they are applied properly .... which is the real rub of this book. The tools are great, especially if you trade bond or S&P index futures, but the greatest value of this book is what Mr. William's teaches regarding how to apply them (the tools). His "thoughts from the past" as he calls them, his "thoughts on business and speculation", "closing comments" and his chapter on money management are among the most valuable information in the book. He teaches that it is the application of the tools; that it is the trader that makes the difference between winning and losing and he is right!
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Summary: Not Quite There
Review: I'm sure Williams has outstanding knowledge to share. However this book is difficult to read, has contradictory statements, and poorly documentmented illustrations. It's not worth price.
Rating: 
Summary: Poorly written sometimes contradictory
Review: I'm sure Williams has outstanding knowledge to share. However this book is difficult to read, has contradictory statements, and poorly documentmented illustrations. It's not worth price.
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Summary: A great book that every futures trader should have.
Review: I've traded futures in all types of time frames and had recently concluded that I would never make it as a long term trader. So, I was pleased to see that Larry was coming out with a new book on short term trading. It was gratifying to know that one of the top traders preferred to trade and make his income trading in the same time frame as I prefer to. Thank you, Larry, for a great book that gives a lot of insight on how exactly to grind out those trades and generate good income. I really enjoyed reading of how you think, react, and trade, and was happy to see that you have been through every type of feeling that I have ever encountered (good or bad!) while trading. It gives me hope in my own trading career. In general, I think that this book is entertaining and well written. It is very informative and has a very personal feeling to it. I consider the book to be one of the most valuable books in my trader's library!
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Summary: A great addition to a trading library
Review: Ignore the one star review from some guy in NY who claims to be a profitable trader since he surely did not read this book! Larry Williams has taken a lot of the information that he shares at his Inner Circle workshop and provides it here. Of course there is a lot more to learn at the workshop, but this book will give you a great understanding of how Larry Williams trades. There are a few spelling mistakes in the book; however, one should be able to follow the material anyway. I would recommend this as an introductory book for beginner traders only with another book such as The Futures Game (which can provide a more well-rounded education into Futures trading). This is a much more specific book with money-making strategies throughout. If you have sufficient capital, and can remain dedicated to a particular trading methodology, then you have the potential to profit greatly from this book.
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