Long-term secrets to short-term trading - Larry Williams

"The public thinks speculation is a game of knowing the future, of knowing that which cannot be known. They are wrong. It is a game of developing strategies with winning advantages, of getting the odds on your side, and then working those odds. Heres how Ive done just that for the past 35 years.Larry Williams.

Shortterm trading is how most traders and wouldbe traders play the markets. While it offers the greatest financial payoffs, it also presents the greatest challenge, requiring constant attention and vigilance, as well as a very strict plan. Written by Larry Williams, the most recognized and popular technical analyst for the past three decades, this groundbreaking bookhis first in almost a decadeprovides the blueprint necessary for sound and profitable shortterm trading, highlighting the advantages and disadvantages of what can be a fruitful, yet potentially dangerous venture.

Sharing his years of experience as a seasoned and successful trader, Williams offers his market wisdom on a wide range of topics, from chaos and speculation to volatility breakouts and profit patterns. With his expert guidance, youll learn about such fundamentals as how the market moves, what are the three most dominant cycles, when to exit a trade, and how to hold on to winners until the end of your chosen time frame.

Along with indepth analysis of the most effective shortterm trading strategies and details on the best theory and implementation of money management, LongTerm Secrets to ShortTerm Trading features Williamss winning technical indicators, as well as his thoughts on a broad range of topics. A sampling:

"A shortterm trader has one objective; to catch the current trend of the market. Thats it. Thats all you should try to do!"

"The shorter your time frame of trading the less money youll make." "You will never make big money until you learn to hold on to your winners, and the longer you hold the more potential you have for profiteering. . . . It takes time to make money regardless of the activity."

"Wealth is not amassed with just good market calls. It also requires correct money management."

"I think you need to fear the market and fear yourself. . . . Without fear there is no respect, if you do not respect the markets and fear yourself you will become one more dead body on the long trail of commodity market casualties scattered across the land." Filled with invaluable insight, precise rules and formulas, and helpful advice from one of todays most respected market players, this comprehensive and practical resource will serve as the basis for, if not indeed become, your shortterm trading "gospel."

"Having known Larry for 25 years, I can truly say that this is his magnum opus; the culmination of a brilliant career; must reading for anyone who trades futures with success as their goal!Jake Bernstein, President, MBH Commodity Advisors, Northbrook, Illinois.