Wednesday, October 10, 2012

Weekly FKLI futures volume. A picture is worth a thousand words...

"With the exception of my 1975 to 1980 sabbatical, I have spent
most of the past 34 years in a quiet, secluded office, either in Wall
Street, upstate New York or aboard a large motor yacht, with trading
monitor, phones, technical studies and other accoutrements. Consis-
tently, my principal focus has been trying to make big profits on my
favourable positions and to avoid taking big losses on my adverse ones.
I have invariably played a lone hand, and very much by choice, having
learned the benefits of operating independently early on as a Merrill
Lynch account executive in New York in the 19605. The lesson that I
learned was this: it is not constructive to share trading ideas and market opinions with others, regardless of their opinions or presumed expertise.
The uni\[§verl truth on Wall Street is: ‘Those that know don't tell; those
that tell- dct know.‘"

Stanley Kroll

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

fcpo.blogspot.com


From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system