The Ultimate Trading Guide (Wiley Trading) (英語) ハードカバー – 2000/1/15
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How to Spot Short-Term Trends, Trading Systems That Work, MoneyManagement Techniques, and Patterns for Profit
Become the ultimate trader!
The Ultimate Trading Guide is your chance to get what every traderwants, but few have: the know-how to develop and correctly use alogic-based, reliable, and profitable methodology for successfulbuying and selling-now. In this complete tutorial, one of today'smost respected analysts and his partners provide you with all youneed to know to develop an original, computerized system that worksfor you.
"Can you make money trading the markets with a system? You bet, andthis is the book that shows how it's done, based on decades ofresearch and actual trading."-Larry Williams, Author, Day TradeFutures Online and Long-Term Secrets to Short-Term Trading
"Traders at all levels of experience will find a treasure chest ofknowledge and guidance in The Ultimate Trading Guide. Advice fromthese expert authors, gained over decades of trading, research, andstudy of markets and systems, is virtually priceless. This bookreceives my highest recommendation."-Edward D. Dobson, President,Traders Press, Inc.
"John Hill, George Pruitt, and Lundy Hill are the acknowledgedmasters in the design and development of mechanical tradingsystems. So it's no surprise The Ultimate Trading Guide gets myhighest recommendation for those interested in the mechanizedtrading of stocks and futures." -Gary Smith, Author, How I Tradefor a Living
"A well-written and thoroughly enjoyable book. It is filled withrefreshingly new ways of looking at the market, combined withvaluable perceptions that can only come from John Hill's years ofexperience and the ability to see the big picture. Mycongratulations to John for his tenacity in delivering FuturesTruth." -Perry Kaufman, Author, Trading Systems and Methods,President, Strategic Market Systems
JOHN R. HILL is the President and founder of Futures Truth, aleading newsletter that analyzes and rates trading systems. He hasbeen a frequent guest on CNBC and is a popular speaker at numerousinvestment conferences. Mr. Hill holds a master's degree inchemical engineering from Ohio State University.
GEORGE PRUITT is the Director of Research for Futures Truth. Inaddition, he has written for Futures magazine and has had researchpublished by the Wall Street Journal and Barron's. Mr. Pruitt holdsa B.S. in computer science from the University of North Carolina atAsheville.
LUNDY HILL began his career working on the floor of the ChicagoMercantile Exchange and the Chicago Board of Trade. He currentlyoperates Commodity Research Institute, a futures brokerage company.Previously, he organized Stafford Trading Company, a registeredCTA. Mr. Hill holds a degree in electrical and computer engineeringfrom Clemson University.
That being said, the writing in this book is bad and looks like it was slapped together. The discussion of a particular trading concept will shift from anecdote to statistic to general rule without rhyme or reason. There are a lot of typos, and some of the performance tables contain obvious errors (for example, the net profit divided by the number of trades doesn't come anywhere near to the average profit per trade). At one point, the authors say that they include the code for one of the systems discussed, and then don't include it. What the heck is going on? It's unforced errors like these which make me give it only three stars. And, of course, the goofy title.
You will find many gems from reading this book, but you'll have to sift through a lot of errors and bad writing in order to get to them.
This is a good review of a range of approaches to the market. It also gives you (free) a number of workable systems that you would pay a lot for elsewhere. If you email them with questions they will also answer.
Their work on Commoditity Channel Index is limited but so what. I use CCI possibly in the same way that Howdy does but I dont find that missing one (of so many) ways to make or lose money in the markets is much of an issue. There are lots of great strategies in here ... look up Woodies Club on the net if you want a CCI based one as well.
Good book John.