Description of Kroll on Futures Trading Strategies
When Stan Kroll cashed in his winnings from the futures markets, Forbes covered the story in a feature article 'The Day Stanley Kroll Quit'. But the legendary trader is back in the game, and he shares his market savvy with you in this insightful and engaging new book. The world of futures traders runs on a potent mixture of adrenaline, fear, and smarts. It's a zero-sum game where 10 percent of the players take home 90 percent of the winnings, and the others take home an expensive experience. This book reveals the strategies and tactics that can put the odds in your favor. Every chapter is a well-written vignette in which futures traders will recognize their own foibles and gain insights from Kroll's 30 years of experience. Traders and investors in stocks and bonds will also enjoy Kroll's guided tour of the futures market, and will learn skills that can be applied in those markets as well.
'This is the best book I've ever read on futures trading. Mr Kroll has done the trading public a real service.' Richard J. Dennis, C & D Commodities 'Reading this book is like having dinner with a veteran trader and having him share his experience and knowledge with you. Novice traders will benefit greatly if they listen to Mr. Kroll's sage advice; successful traders will enjoy the sense of shared experiences and market knowledge.' Jack Schwager, Director of Futures Research & Managed Trading, Paine Webber Inc
Part I: Strategy and Tactics in Futures Trading 1. What Is Trading Strategy and Why Is It Important? 2. A Good Technical System Is Just Half What You Need 3. KISS (Keep It Simple Stupid) 4. Winners and Losers Part II: Analysis and Projection of Price Trends 5. The Tools of the Trade 6. When Fundamental and Technical Analysis Diverge 7. Focus on the Long-Term Trends 8. The Trend Is Your Friend 9. Why Is the Speculator (Almost) Always Long Part III: Timing of Trades 10. The Three Most Important Speculative Attributes: DISCIPLINE, DISCIPLINE, and DISCIPLINE 11. Market Action Invariably Discounts the News 12. Everyone Has a System 13. Trending/Anti-Trending - A Dual Market Approach 14. Taking Advantage of Recurring Seasonal Tendencies 15. Keep What Shows the Best Profit: Close Out the Biggest Loss Part IV: On Conducting a Trading Campaign 16. The Man They Called J. L. 17. The Market Is Neither Good Nor Bad 18. You Must Control and Limit Your Losses 19. The Thrill of Catching the Mega-Move Postscript: The Market Doesn't Take Prisoners Appendix: List of Long-Term Monthly Charts Index
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