Winner Take All : A Top Commodity Trader Tells It Like It Is

by GALLACHER WILLIAM R.

• ISBN13: 9781557385338
• ISBN10: 1557385335
• Format: Hardcover
• Copyright: 1993-12-01
• Publisher: Lightning Source Inc

Summary

Trading futures is an infinitely challenging and constantly perilous business. No other book describes what futures trading is all about better than Winner Take All. With wit and intelligence, William Gallacher debunks the conventional wisdom about futures trading and shows what it takes to win. A classic in investment literature, Winner Take All is a book for every trader. Book jacket.

Table of Contents

Preface	p. ix
Initiation	p. 1
Attractions	p. 1
Temptations	p. 2
Possibilities	p. 4
Players	p. 6
Speculators and Gamblers	p. 11
Overload	p. 14
The Circus	p. 19
Commodity Clients	p. 19
Commodity Brokers	p. 21
Elliott's Wave and the Ghost of Fibonacci	p. 24
The Legacy of W. D. Gann	p. 26
Seers and Profiteers	p. 30
Hail to the Champion	p. 37
Misconceptions	p. 41
Commodity Futures Basics	p. 41
Reading the Financial Columns	p. 43
Living with Uncertainty	p. 45
Chartists	p. 46
Murphy's Law	p. 51
Turtles	p. 55
Seasonality and Other Myths	p. 58
Trading on Psychology	p. 59
The Zero-Sum Game	p. 64
Regression	p. 65
The Crying Game	p. 68
Fundamentals and Technicals	p. 70
Expectations	p. 77
Knowledge and Experience	p. 77
Technical Trading Systems--Design	p. 78
Technical Trading Systems--Operation	p. 81
Technical Trading Systems--Evaluation	p. 89
Validation	p. 97
The Real Cost of Trading	p. 97
Losing Streaks	p. 101
Diversification, a Bonus	p. 104
Optimization	p. 106
Why Systems Fail	p. 108
Dog Eats Dog	p. 110
Sheep	p. 114
Commodity Funds	p. 116
Artificial Intelligence	p. 120
Fundamentals	p. 127
The Fundamental Edge	p. 127
The Right Stuff	p. 129
Inspiration or Perspiration?	p. 130
Bullish, Bearish, or Balanced?	p. 133
The Eternal Triangle	p. 135
Soybeans and Products	p. 138
Corn	p. 139
Wheat	p. 140
Cocoa	p. 141
Sugar	p. 143
Cattle	p. 144
Pork Bellies	p. 145
Precious Metals	p. 147
Interest Rate Futures	p. 148
Stock Index Futures	p. 149
Currencies	p. 150
Sources	p. 150
Links and Linkages	p. 152
Execution	p. 153
Being Right and Being There	p. 153
Building Blocks	p. 157
How to Execute a Trade	p. 163
Expanding a Position	p. 170
Two for One	p. 171
Money Management	p. 173
Conundrums	p. 173
A Popular Delusion	p. 175
Exposure	p. 179
Largest Equity Drop	p. 182
Dollars and Cents	p. 187
A Day at the Races	p. 191
Optimal f	p. 194
Options	p. 201
An Offer You Can't Refuse?	p. 201
Options Basics	p. 204
The Writer's Edge	p. 207
Practical Writing	p. 219
Retrospect	p. 223
Summary	p. 223
Truth and Consequences	p. 225
Parting Shots, Winning Thoughts	p. 228
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