View Shopping Cart / Checkout 

How I Made One Million Dollars Last Year Trading Commodities

Description:

Trading legend Larry Williams, in one of his earliest books, develops highly regarded analytical methods for ferreting out high-probability trades which anticipate breakouts from congestion patterns, signal overbought and oversold markets, and some of which lead to huge price moves. His basic theory is that sophisticated market participants, i.e. commercial users, producers, and consumers, have a pretty good handle on future market direction, far more accurately than public speculators, who really have no in-depth understanding of the markets they are trading in. Williams shows the reader how to track and understand the positions of these sophisticated forecasters and to profit from their knowledge and understanding of the market. He reveals a technical trading system he uses to time entries and exits and pinpoint what he calls sure-thing trades isolated by his system. The Williams %R Indicator, which is commonly found in most technical analysis software is revealed and discussed for the first time in this groundbreaking book. Williams also teaches you how he thinks and the psychology that is required to become a winning trader.

Contents:

Chapter One

• Exactly How I Made My Million Dollars
• How Dreams Come True
• Lady Luck--Does She Exist?
• What I Would Do Differently
• The Rate Race And Commodity Trading
• Random Thoughts On A Non-Random Market
• Stick To Your Game Plan
• Relax Your Way To Easy Street

Chapter Two

• My Key Ingredient To Market Success
• How Winners End Up Losers
• How To Manage Money And Eliminate Margin Calls
• The 30% Stop Rule
• How To Know When You Are Over-Extended
• My Unique Pyramid System That Almost Guarantees Profits
• How A Square Can Be A Pyramid
• How To Stop Points
• How To Know The Number Of Contracts To Buy
• How To Win Even When You Are Losing
• Putting It All Together

Chapter Three

• My Frank Advice For Beginners
• The Important Difference Between Stocks And Commodities
• Terms You Must Know
• A Word About The Wall Street Journal
• How To Select The Best Broker
• The Smart Money Way To Select A Brokerage Firm
• My List Of Superior Advisory Services

Chapter Four

• My Million Dollar Fundamental System
• Fundamentals: Why They Are Important
• Two Definitions That Are Important
• A Sampling Of Fundamental Tools
• My Million Dollar Tools
• My First Smart Money Tool
• My Second Smart Money Tool
• My Third Smart Money Tool
• How To Evaluate All Fundamental News
• What To Do Once You Have Made Your Fundamental Decision

Chapter Five

• How To Find Trades With 10/1 Odds
• Spotting The Best Trades
• The First Indication Of A Million Dollar Trade
• Your Second Lesson Of Premiums
• The Second Indication Of A Million Dollar Trade
• Why These Million Dollar Tools Work
• Additional Tools To “Clinch” Your Trades
• Contrary Opinion
• News Action
• How Charts Forecast
• Commitment Of Large Traders
• How To Identify Trend Direction

Chapter Six

• My Million Dollar—Never Before Revealed—Trading Tools
• A Word On Technical Theory
• The Profitability Of Momentum
• How Fast Are Prices Changing?
• Time Period Important
• The Markets’ Most Important Technical Aspect
• How To Tell When A Commodity Is Oversold
• Timing Your Silver Trades
• Soy Bean Oil And Super Profits
• The Secret Of Selling Short
• Identifying A Setting Point For Beans
• How To Handle Trading Ranges
• How To Combine Momentum With %R
• How To Use These Tools In A Bull Market
• How Technical Data Can Identify The Fundamentals
• Ten Week Average—Rules
• How Price Smoothing Detects The True Trend
• How To Use The Fundamental Direction Index
• A Negative Note
• What A “Lead-Pipe-Cinch” Trade Looks Like

Chapter Seven

• How I Read Charts
• What Charts Can Show
• How Charts Detect The Strongest Commodity Or Group Of Commodities
• How I Monitor Chart Action
• How Charts Identify Turning Points
• My New Reversal Day Discovery
• The Meaning Of Gaps
• How Gaps Help You Get Discounted Prices

Chapter Eight

• The Great Silver Secret
• My Best Line
• The Buy Signal
• The Sell Signals
• The Sugar Secret
• Special Hints On The Use Of This Unique Method

Chapter Nine

• How Transactional Analysis Helped Make My Million Dollars
• Commodity Winners: What They Have In Common
• Identifying A Few Market “Games”
• The “Dumb Broker” Game
• The “Help Me—I’m Just A Poor Country Boy” Game
• The “Let Me Rest” Game
• Why I Like Losers
• How To Become A Winner

Chapter Ten

• My Priceless Trading Hints
• How To Profit From The Morning Bulge
• How To Spot Commodity Cycles
• When To Buy At The Opening
• When To Use Market Orders
• How A Very Small Trader Can “Test” The Market
• The Secret Of Three
• The Five Day Major Move Signal
• What Are The Odds For An Advance This Month?
• More Information On The Commercials
• Where To Place Stops
• Time Stops
• How To Use Mental Stops
• A Final Comment On Open Interest
• How To Forecast Tomorrow’s High And Low
• My Pivot Price Formula
• How To Identify The Exact High Or Low Of A Move
• The Ultimate Trading Tip

Chapter Eleven

• How To Start Making Money Tomorrow Morning
• What To Do Today
• Where Most Of Your Time Should Be Spent
• Additional Hints On Using Technical Tools
• What To Do When You Have Your Signal
• How You Will Profit
• What To Do When You Are Stopped Out
• How Pros Handle Their Profits
• The Most Important Trading Advice I Can Give You
• When To Take Your Profits
• When To Move Stops Closer
• A Closing Statement
• Your Success