Tuesday, September 08, 2015


One of the 'big' traders came in to ask us a question on the market, "What do you guys think? Focus on Short (Index futures) today?" The outcome was focussing on anything other than price action was a road to disaster, no matter how 'big' or 'good trader' you are. That is the problem with this industry, ppl think volume equates to 'good trader', which far from the truth.

As Stanley Kroll puts it:

"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 1960s. 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 universal truth on Wall Street is: ‘Those that know don't tell; those
that tell- dct know.‘"

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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