Commodities, a Chart Anthology

Business & Money

Traders Pr

Discusses a simple, but effective system for timing market entry. Based on a technique used by the legendary W. D. Gann, who said of this method, "You can make a fortune by following this one rule alone!" Incorporates a technical trading rule, which utilizes a consistently competitive pattern of market behavior. Applies to all markets and to all time periods, whether short term (intraday), intermediate, or long term. Many traders have contacted us months after reading this book and told us it was one of the most useful books on trading they had ever read.

Trading Rule That Can Make You Rich: Precision Bid Commodity Trading

Dobson, Edward D.

Investing

A classic on grain trading, this book is a virtual encyclopedia on all facets involved. Contains many technical trading systems and much market wisdom. Among Ainsworth's proteges was Chester Keltner, still one of the best-known grain fundamental analysists in the country. 
Just as other trading books from the era offer, Ainsworth gives a straight forward commentary of his own trading experiences and ideas. 
Ainsworth, basically a fundamentalist, provides mostly technical trading material. Some of the rules in the book apparently came from a contest in which Ainsworth offered $500 for the best trading rules submitted by his subscribers. One method, Year Around Trading Plan in wheat and corn, increased a $30,000 account to more than $500,000 over 33 years, a return averaging $14,000 per year. He also gets into seasonal trends, short swing trading, the two-cent stop and many other rules that will interest traders. 
Some of the material is out-of-date and price ranges today might make many of Ainsworth's strategies impractical, but any visit with an old master is a good trip, and this book is an excellent addition to any modern grain trader's shelf.

Profitable Grain Trading

Ralph Ainsworth

Complete Guide to Trading Profits

Paris, Alexander

Trader's Guide to Technical Analysis

Hardy, C. Colburn

Finance

This booklet is a primer on Fibonacci numbers and is intended to give the reader an initial acquaintance with the concepts of the Fibonacci number sequence and to provide some historical background. It gives the reader an idea of how Fibonacci concepts and ratios are used by stock and commodity traders and analysts, and informational sources, with accompanying comments on the ones Dobson considers most worthwile for the Fibonacci student interested in applying the concepts to trading stocks and commodities. It is not intended to give complete and comprehensive coverage to this fascinating subject. This would be impossible in such a limited space. The primary emphasis is not on the profound influence Fibonacci has had in art, architecture, geometry, mathematics and other areas, but on how the trader of stocks and commodities can put this information to practical use. I am grateful to my friend, Robert Prechter, one of the most knowledgeable "Fibonacci Disciples" I know, for his permission to borrow from his thought and work in composing this booklet.

Understanding Fibonacci Numbers

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

Kroll, Stanley

This biography of Livermore by prolific writer Paul Sarnoff is a fascinating account of Livermore's life, which explores in detail his market operations and maneuvers, his hopes, his fears, his successes and his failures. Live again the market experiences of the trader known variously as The Wall Street Wonder, The Boy Plunger, The Cotton King, and The Great Bear. You'll love this book!

Jesse Livermore Speculator King

Sarnoff

Winning Market Systems: 83 Ways to Beat the Market

Appel, Gerald

Marketing & Sales

This is a must-yave book for the student of market lore. This major Wall Street classic was first published in 1930.

Wall Street Ventures & Adventures Thru 40 Years

WYCKOFF, RICHARD D.

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