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Day Trade Futures Online (Wiley Online Trading for a Living)
ISBN: 0471383392     Date Published: 2000-05-29     Author(s): Larry R. Williams
  Average Customer Rating:Stars Rating  
 

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Hardcover
Wiley
240 Pages
 
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06/20/2013 01:28:17
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Editorial Review - Book Description:
Wiley Online Trading for a Living
When to get in-when to get out
Build, test & trade a winning system
Online brokers, research & market data

For those who are well suited to day trading and short-term trading, the futures market is one of the best games in town. As the original short-term vehicle, the futures market allows the trader to collapse the time frame in which he or she can reach the desired profit target-or pain threshold. As a result, wins and losses are compounded much more quickly than in stock trading-and, in the case of wins, often more profitably. The ability to gain leverage with very little on margin gives you, the trader, the ability to earn more off smaller swings. And enough home runs could allow you to become your own boss, work from home in your bathrobe, or even work from your cell phone while lying on the beach. So far, so good. But what does it take to win?

In Day Trade Futures Online, award-winning veteran futures trader Larry Williams gives a no-holds-barred view of the risks and rewards of this increasingly accessible arena. His straightforward approach to helping you determine your trading personality is the first step. Then he offers traders what they really need: strategies and tactics designed to beat the futures markets. From hardware and software setup to trading psychology and successful strategizing, this highly readable book covers all the bases needed to prepare you to trade online, including:
* Assessing your risk threshold
* Streamlining the glut of trading and price information to make it work for you
* The importance of knowing how to manage your money
* Choosing an online broker and utilizing other online resources, such as news, chat rooms, and message boards
* When to get out of your trades
* Building a system based on Larry`s time-tested strategies

. . . and that`s just for starters. Also included are an appendix of basic futures concepts and a select bibliography of some of the best learning resources. With good humor and brutal honesty, Williams guides you in building the trading system that will work best for you.

GET IN ON THE ORIGINAL SHORT-TERM GAME WITH BIG-TIME PROFITS

With unflinching honesty and decades of trading experience, award-winning veteran futures trader Larry Williams lends his expertise to the many aspects of futures trading online, including:
* Winning strategies
* Determining your trading personality
* The art of using the Internet
* Hardware and software solutions
* History and development of short-term trading

Praise for Larry Williams and day trade futures online

`Larry Williams, the astute and experienced trader, has presented the reader with many computer-tested patterns that should give one an edge up in the hard world of day trading. He not only gives the patterns, he explains the `why` of market action and what it takes to be successful from a psychological and money management standpoint. This is one of the best practical books ever written on trading by a veteran trader. Buy it.`-John Hill, President, Futures Truth Co.

`Larry possesses an incredible talent to differentiate between what is important in life as well as in the markets. In his book, he shares insights into market behavior and short-term price dynamics that are useful to beginning and experienced traders alike. Whereas most day trading books merely discuss the market in generalities, Larry focuses on computer-tested techniques that can actually help make traders profitable. This is Larry at his best and finest!`-Tom DeMark, President, Market Studies Inc., author of New Science of Technical Analysis and New Market Timing Techniques

`Day Trade Futures Online is another must-have Larry Williams trading book. That`s because nearly all the profitable futures traders I`ve known have attributed their trading success to an idea or concept learned from Larry. When Larry speaks, you better listen.`-Gary Smith, author of How I Trade for a Living
 
Customer Review:
Total Reviews: (23)
  (12)      (1)      (2)      (4)      (4)
(3) Shared
 
110 of 111 People found the following review helpful.

Warning: This Could Be Dangerous To Your Wealth, October 30, 2002 ByMichael Coffin (Portland, OR) - See all my reviews This review is from: Day Trade Futures Online (Wiley Online Trading for a Living) (Hardcover) 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...
 
21 of 22 People found the following review helpful.

Dishonest book, February 7, 2004 By A Customer Amazon Verified Purchase(What's this?) This review is from: Day Trade Futures Online (Wiley Online Trading for a Living) (Hardcover) 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...
 
16 of 17 People found the following review helpful.

Shame, November 8, 2005 ByCtrader - See all my reviews This review is from: Day Trade Futures Online (Wiley Online Trading for a Living) (Hardcover) I do not know why he decided to recycle his "Long Term Secrets to Short Term Trading" book. He is selling the same old stuff in a new book cover with a different name. Even the examples and the explanations of his setups are word to word the same. Nothing new at all. Shame on the publisher and shame on him too, for their disrespectable act. No need to buy the book.
 
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