A commodity broker and trader discusses the intricacies, operations, and tricks of his profession

The Professional Commodity Trader (Look over My Shoulder)

Business & Money

Kroll, Stanley

Investing

Harpercollins

Evaluates the methods presently used to guide individuals in commodity trading

The Commodity Futures Market Guide

Shishko, Irwin

Dragons and Bulls: Profitable Investment Strategies for Trading Stocks and Commodities

Addison-Wesley

The breakthrough trader’s guidebook that combines the latest, most promising methods of technical analysis with the classic tactics of risk control and money management… In The New Technical Trader, trading system wizard Tushar Chande and money management expert Stanley Kroll present a bold new array of dynamic, price-based, and risk control indicators that provide timely, reliable answers to the difficult analytic challenges of pattern recognition, variable indicator length, and price projection. Developed by the authors to overcome the specific limitations of existing technical indicators, they can be used in virtually any market—futures, commodities, stocks, indices, and mutual funds. Each new indicator is supported by step-by-step tutorials and real-world trading scenarios that illustrate the best strategies for its use, and show how to adapt it to your trading style. Now you can develop a successful, comprehensive personalized trading plan using: 
<ul>
<li>New momentum oscillators—the Chande momentum oscillator, stochastic RSI oscillator, variable-length dynamic momentum index—that overcome the limitations of the relative strength index</li> <li>Qstick, a quantitative candlestick that generates objective numbers instead of subjective patterns</li> <li>Linear regression analysis that quantifies trendiness, projects prices, and prompts the development of a better game plan</li> </ul> If you need to reliably project prices under different market conditions, estimate risk on new positions, create stops to cut your losses, or plot momentum swing failures, The New Technical Trader is your first place to turn. It’s the frontline guide for developing objective consistency in your decision making and gaining a valuable edge in today’s commodities, currency, and stock markets.

The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators (Wiley Finance)

Chande, Tushar S.

Economics

wiley

Reprint of 1973 classic in which legendary futures trader Stanley Kroll describes his trading adventures and discusses philosophy. It is a first person look-over-my-shoulder account of his trading campaigns during the wild and woolly markets of 1973, and a close look into his trading philosophy and techniques. Kroll's primary focus is on trading only with the major long term trend, and he favors entering trades only during significant reactions against the trend, and holding positions until either his long term price objectives are met, his protective stop loss level is violated, or it becomes apparent that the primary trend has changed direction. The book is filled with charted examples of Kroll's actual trades in various markets. He discusses at length the reasoning and timing behind the decisions involved in entering, adding to and liquidating each position. Most positions were idle for weeks or even months, which will be hard to imagine for today's quick in and out day trader. Kroll quotes throughout from the classic Reminiscences of a Stock Operator, which chronicles the trading experiences and philosophy of immortal speculator Jesse Livermore. The key sections to which Kroll refers are those in which Livermore advises that the big money is in the big move, and that his biggest profits were made simply by sitting tight. Kroll kept a copy of Reminiscences at his desk at all times for inspiration, whenever he felt tempted to exit a profitable position prematurely or to try scalping the market for small moves. Of special interest is the time period under study (1973) which was the wildest and most unforgettable year in memory. That's the year in which beans went from 400 to 1290 and back down to 500, wheat went from 140 to 645, and other markets made huge moves as well. While Kroll grabbed the bull by the horns and realized huge profits in these runaway bull markets, others cringed in fear and withdrew from trading, petrified by the risk inherent in huge moves consisting of strings of locked-limit days in both directions. Kroll's narrative is made credible by the inclusion of a summary detailing the track record of 38 individual accounts which he managed during the 1971-73 time period, which shows 37 of the 38 with net profits, with most showing annualized returns well in excess of 200 percent. The one loser lost less than 2 percent. In the aggregate, about $600M of capital was parlayed into almost $3 million during this period. The Professional Commodity Trader is fascinating reading for futures traders interested in formulating a viable, long term approach.

The Professional Commodity Trader

Traders Pr

Reprint of 1973 classic in which legendary futures trader Stanley Kroll describes his trading adventures and discusses philosophy. 
It is a first person look-over-my-shoulder account of his trading campaigns during the wild and woolly markets of 1973, and a close look into his trading philosophy and techniques. 
Kroll's primary focus is on trading only with the major long term trend, and he favors entering trades only during significant reactions against the trend, and holding positions until either his long term price objectives are met, his protective stop loss level is violated, or it becomes apparent that the primary trend has changed direction. 
The book is filled with charted examples of Kroll's actual trades in various markets. He discusses at length the reasoning and timing behind the decisions involved in entering, adding to and liquidating each position. Most positions were idle for weeks or even months, which will be hard to imagine for today's quick in and out day trader. 
Kroll quotes throughout from the classic Reminiscences of a Stock Operator, which chronicles the trading experiences and philosophy of immortal speculator Jesse Livermore. The key sections to which Kroll refers are those in which Livermore advises that the big money is in the big move, and that his biggest profits were made simply by sitting tight. Kroll kept a copy of Reminiscences at his desk at all times for inspiration, whenever he felt tempted to exit a profitable position prematurely or to try scalping the market for small moves. 
Of special interest is the time period under study (1973) which was the wildest and most unforgettable year in memory. That's the year in which beans went from 400 to 1290 and back down to 500, wheat went from 140 to 645, and other markets made huge moves as well. While Kroll grabbed the bull by the horns and realized huge profits in these runaway bull markets, others cringed in fear and withdrew from trading, petrified by the risk inherent in huge moves consisting of strings of locked-limit days in both directions. 
Kroll's narrative is made credible by the inclusion of a summary detailing the track record of 38 individual accounts which he managed during the 1971-73 time period, which shows 37 of the 38 with net profits, with most showing annualized returns well in excess of 200 percent. The one loser lost less than 2 percent. In the aggregate, about $600M of capital was parlayed into almost $3 million during this period. 
The Professional Commodity Trader is fascinating reading for futures traders interested in formulating a viable, long term approach.

This guide to the futures market includes chapters on the importance of a viable strategy and sound money management, what to do when technical and fundamental analysis diverge, and identifying and playing the trend

Kroll on Futures Trading Strategy

Irwin Professional_Pub

Shows how to deal successfully in futures markets, discussing technical analysis, portfolio development, and trading strategies

The Business One Irwin Guide to the Futures Markets

Paulenoff, Michael J.

Asprey, Thomas E.

Business One Irwin

See the best price to sell, buy, or rent books by Kroll, Stanley. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Kroll, Stanley

See the best price to sell, buy, or rent books by Kroll, Stanley. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Professional Commodity Trader (Look over My Shoulder)

The Commodity Futures Market Guide

Dragons and Bulls: Profitable Investment Strategies for Trading Stocks and Commodities

The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators (Wiley Finance)

The Professional Commodity Trader

The Professional Commodity Trader

Kroll on Futures Trading Strategy

The Business One Irwin Guide to the Futures Markets