BiographyJoe Krutsinger began his futures and options career over twenty-six years ago with ContiCommodity. He has worked in every facet of the industry and continues to be a prolific developer of trading systems. He has developed proprietary trading programs for numerous clients and brokerage firms and currently works directly with clients and brokerage firms designing custom systems. Joe has been a trading system design consultant since 1989 and teaches traders how to develop systems using state of the art system automation software.
Krutsinger was recognized as the Outstanding Senior in Food Systems, Economics, and Management at Michigan State University in 1973.
A featured speaker and teacher at seminars and meetings worldwide, Joe co-authored The Commodity Cookbook: Recipes for Success and was a contributing author to High Performance Futures Trading, Lessons from the Master. (This was the 1990 book of the year, the 1990 Supertrader's Almanac-Calendar edition). Joe has also been featured in the Future'sLearningCenter's three video courses, Trading Systems 101, 102 and 103.
Mr. Krutsinger's book, The Trading Systems ToolKit was Fortune Book Club Selection and his book Trading Systems - Secrets of the Masters published in 1997 has been highly rated. His newest book, Trading Systems Secrets - Selecting a Winning System, is in paperback.
Books by Joe Krutsinger
If you want to keep getting what you're getting, keep doing what you are doing!
One of the reasons you buy a trading system or a set of trading systems is to replace and/or supplement your current methodology. Why not get what you paid for? Many would-be systematic traders follow a system until they have three losers in a row, and then put it on the shelf. Almost every strategy will experience 3 losing trades in a row, so those traders are destined to fail! Give your new approach a chance to work. This is the most important rule I know!
While becoming expert, rent expertise.
The best way to have expertise is to become an expert. Until you are expert, the second best way is to rent an expert. Going to seminars, buying software and trading systems can allow you to 'ramp up' faster. We don't all tune our own automobiles, or fix our own teeth; why should we feel we must write our own trading systems? Once you have a system that is comfortable and profitable to you, you can 'edit' it and add your own twists. Ask yourself this - is it easier to write a book from scratch, or edit a manuscript?
If you can't run with the BIG DOGS, stay on the porch.
Trading isn't for everyone! I design racing cars, (trading systems); I don't race them! (manage money). I know my limitations. Do you know yours? Is the thrill of victory worth the possible agony of defeat? Are you trading small while learning, or do you trade to 'beat the bank!' Do you trust yourself, or do you need validation by the 'talking heads' on cable TV? Do you have the time for day trading (5-10 hours per day with a system), or the discipline for daily trading? (5-10 minutes per day with a system)? When you learned your business, did you learn everything at once, or did you learn one or two things thoroughly, and go from there? There is no shame on the porch. The Big Dogs can be and will be rough!Taken from The Global-Investor Book of Investing Rules