Average Reviews:
(More customer reviews)I bought the book and enjoyed reading it. I have also attended several of his seminars (total cost around 6000 $. I like to think of myself as an independent thinker. I am an active and profitable trader. Not as proftable as I would like so I keep reading/evaluating digesting new books. Here;s the scoop
Tihs book offers a first class springboard into successful trading. There are no assured success in trading because we basically trade people psychology which is difficult to predict at best ! This book offers ideas strategies which you should modify to your taste and liking. I have taken some of his concepts and programmed a system that i have strated to trade successfully in the s&p futures markets. It has a valid premise, tests well on backtesting and walk foward testing. So I got my moneys worth from the book. This book is much better than the average trading book since it provides specifics. There is no subastitute to back testing, it does not assure success but it reduces the chances of using a flawed strategy. I don't agree with williams in terms of stops. He uses a money management stop but appears to vary it every year. I believe that the stop should be adaptive based on market parameters. Hope this review helps.
I believe that larry williams is a genuinely successful trader but we should not expect him or anyone else to divulge their best system in a book that costs < $ 100.
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