Long-Term Secrets to Short-Term Trading (Wiley Trading) 2nd Edition

If you trade, you need this book, and everything else he writes, whatever the publication date.

I love this book. Simple and erudite.Everything you want to know in a concise manner.I recommend the other books by the same author.Please take notes when you read this ...it has many important facts.

I have read and/or watched much trading educational material. This book should have been the first one I read, and chapter three should have been chapter one. Read chapter three first, then read it over again until it becomes ingrained in your brain like muscle memory is to an athlete. If after understanding this chapter you are unsure if you are interested in this game of trading, and remember, for every winner there is a loser, find another way to make money. This book is chock full of need to know information, strategies and opinions, but wrap your mind around chapter three before you spend the time learning the material. Just as a teaser, the title of chapter three is “The Real Secret of Short Term Trading.”

I have read over 50 trading books, this is not much different than any of them. There is some great information in here and it is great for people learning markets. It is a quality book, and I honestly think trading for the average retail trader is not the same as it was 30 years ago and some of the concepts in this book are outdated. Larry Williams is a legend. His whole life is an amazing story. It blew my mind when i found out that his daughter michelle is actually the famous actress and won the robbins cup as a teenager. Its just mind blowing. Worth a read if you are generally interested in getting into markets. If you already trade successfully and have your own system probably not worth it.

This book helps put front and center concepts, such as the importance of back testing and identifies certain input variables that in themselves lead to different outcomes. Final outcomes to profit, loss, drawdowns, turnover etc. Its not so much that i didn't already know about these variables or personally will be using this kind of complicated analysis to enter, exit and hold positions, but the ideas in themselves gained a sense of importance simply from being included in the book. Mr. Williams' writing about the concepts creates, at least for me, a motivating factor to think about their existence and application. Refer to the table of contents to see which concepts. I am half way done on the book, maybe i write a follow up review when i am done. But for now, so far so good. Its an expensive book but i would buy it again. Make sure to choose the digital edition so you can highlight sections and take notes while you read. I hope this review is helpful.

No dislikes. Mr. Williams writes truthfully relating to trade results that are 90% at odds with those over the top tv advertising "promises." I've traded close to a decade - have read many books and attended many seminars - and Williams introduces a new - and straight forward - trading pattern early on in the book. This is not a quick read; for me it is a read and re-read. Don't buy this book if you are just getting started. WELL WORTH THE COST!

I read the whole book. If you learn one thing it was worth it.

If you interested in the data and the process. This will give you both for reasonable perspective on trading.