{"product_id":"long-term-secrets-to-short-term-trading-isbn-9780470915738","title":"Long-Term Secrets to Short-Term Trading","description":"\u003cp\u003e\u003cb\u003eHugely popular market guru updates his popular trading strategy for a post-crisis world\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom Larry Williams—one of the most popular and respected technical analysts of the past four decades—\u003ci\u003eLong-Term Secrets to Short-Term Trading, Second Edition\u003c\/i\u003e provides the blueprint necessary for sound and profitable short-term trading in a post-market meltdown economy. In this updated edition of the evergreen trading book, Williams shares his years of experience as a highly successful short-term trader, while highlighting the advantages and disadvantages of what can be a very fruitful yet potentially dangerous endeavor.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers market wisdom on a wide range of topics, including chaos, speculation, volatility breakouts, and profit patterns\u003c\/li\u003e \u003cli\u003eExplains fundamentals such as how the market moves, the three most dominant cycles, when to exit a trade, and how to hold on to winners\u003c\/li\u003e \u003cli\u003eIncludes in-depth analysis of the most effective short-term trading strategies, as well as the author's winning technical indicators\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eShort-term trading offers tremendous upside. At the same time, the practice is also extremely risky. Minimize your risk and maximize your opportunities for success with Larry Williams's \u003ci\u003eLong-Term Secrets to Short-Term Trading, Second Edition.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction You Are Already a Commodity Trader 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMy Most Important Market Belief 4\u003c\/p\u003e \u003cp\u003eThe Beginning of My Career as a Speculator 5\u003c\/p\u003e \u003cp\u003eThe Ride of a Lifetime 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Making Order Out of Short-Term Chaos 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow I Learned about the Market 9\u003c\/p\u003e \u003cp\u003eCharting the Market 11\u003c\/p\u003e \u003cp\u003eThe Nonrandom Market 13\u003c\/p\u003e \u003cp\u003eUnderstanding Market Structure 15\u003c\/p\u003e \u003cp\u003eMarket Structure Will Never Change 21\u003c\/p\u003e \u003cp\u003eShort-Sell Pattern 27\u003c\/p\u003e \u003cp\u003eTarget Time and Trailing Stops 28\u003c\/p\u003e \u003cp\u003eRecap 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 It’s a Question of Price and Time 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAll You Will Ever Need to Know about Cycles 33\u003c\/p\u003e \u003cp\u003eThe Natural Cycle of Range Change 39\u003c\/p\u003e \u003cp\u003eWhere the Trend Is with You—The Second Power-Play Price Pattern 50\u003c\/p\u003e \u003cp\u003eRecap 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Real Secret to Short-Term Trading 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s All about Time 61\u003c\/p\u003e \u003cp\u003eBankrolling Hotshot Traders 62\u003c\/p\u003e \u003cp\u003eProving the Point 65\u003c\/p\u003e \u003cp\u003eHow to Make the Most Money 68\u003c\/p\u003e \u003cp\u003eRecap 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Volatility Breakouts—The Momentum Breakthrough 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSimple Daily Range Breakouts 76\u003c\/p\u003e \u003cp\u003eA Look at Volatility in the S\u0026amp;P 500 80\u003c\/p\u003e \u003cp\u003eSeparating Buyers from Sellers to Find Volatility Using Market Swings 95\u003c\/p\u003e \u003cp\u003eResults 96\u003c\/p\u003e \u003cp\u003eOne Step Further 97\u003c\/p\u003e \u003cp\u003eRecap 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Theory of Short-Term Trading 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Wrong about the Information Age 103\u003c\/p\u003e \u003cp\u003eE H Harriman’s Rule of Making Millions 104\u003c\/p\u003e \u003cp\u003eRecap 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Getting Closer to the Truth 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Market Is Not a Coin Flip: Random Walk or Cootner versus Cohen (Cohen Wins) 108\u003c\/p\u003e \u003cp\u003eGold TDOM Study 117\u003c\/p\u003e \u003cp\u003eBond TDOM Study 118\u003c\/p\u003e \u003cp\u003eMonthly Road Maps 120\u003c\/p\u003e \u003cp\u003eRecap 123\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Patterns to Profit 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Common Element 126\u003c\/p\u003e \u003cp\u003eThe Questions to Ask 131\u003c\/p\u003e \u003cp\u003eMy Smash Day Patterns 132\u003c\/p\u003e \u003cp\u003eHow to Use Smash Day Patterns 136\u003c\/p\u003e \u003cp\u003eSpecialists’ Trap 137\u003c\/p\u003e \u003cp\u003eA Vital Note—This Works on Shorter Time Frames as Well 141\u003c\/p\u003e \u003cp\u003eOops! This Is Not a Mistake 145\u003c\/p\u003e \u003cp\u003eS\u0026amp;P Oops! Trading 151\u003c\/p\u003e \u003cp\u003eRecap 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Separating the Buyers from the Sellers 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGreatest Swing Value 155\u003c\/p\u003e \u003cp\u003eStock Index Trading with Greatest Swing Value 156\u003c\/p\u003e \u003cp\u003eSome Pointers 160\u003c\/p\u003e \u003cp\u003eRecap 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Short-Term Trading from a Quote Screen 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow a Quote-Screen Trader Makes Money 165\u003c\/p\u003e \u003cp\u003eSwing Points as Trend Change Indication 166\u003c\/p\u003e \u003cp\u003eThe Three-Bar High\/Low System 167\u003c\/p\u003e \u003cp\u003eA New Indicator for Short-Term Traders: Willspread 170\u003c\/p\u003e \u003cp\u003eWillspread and the S\u0026amp;P 500 Stock Index 174\u003c\/p\u003e \u003cp\u003eRecap 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Special Short-Term Situations 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonth-End Trading in Stock Indexes 181\u003c\/p\u003e \u003cp\u003eTarget Months 184\u003c\/p\u003e \u003cp\u003eMaking It Better 184\u003c\/p\u003e \u003cp\u003eMonth-End Trading in the Bond Market 186\u003c\/p\u003e \u003cp\u003eGetting Specific 187\u003c\/p\u003e \u003cp\u003eBetter and Better 188\u003c\/p\u003e \u003cp\u003eA Time to Sell 191\u003c\/p\u003e \u003cp\u003eRecap 193\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 When to Get Out of Your Trades 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Thoughts on the Business of Speculation 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExits before Entries 197\u003c\/p\u003e \u003cp\u003eWhat Speculation Is All About 200\u003c\/p\u003e \u003cp\u003eIt’s about Time 201\u003c\/p\u003e \u003cp\u003eEssential Points about Speculation 202\u003c\/p\u003e \u003cp\u003eRecap 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Money Management—The Keys to the Kingdom 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMost Traders Use a Hit-and-Miss Approach 218\u003c\/p\u003e \u003cp\u003eApproaches to Money Management—One Is Right for You 218\u003c\/p\u003e \u003cp\u003eThe Good, the Bad, and the Ugly of Money Management 219\u003c\/p\u003e \u003cp\u003eLooking in New Directions, Drawdown as an Asset 222\u003c\/p\u003e \u003cp\u003eBack to Ralph: 2011 Money Management Breakthrough 228\u003c\/p\u003e \u003cp\u003eThe Kelly Ratio Mirage 229\u003c\/p\u003e \u003cp\u003eRecap 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 From Kennedy to Obama, Thoughts from 50 Years of Trading 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrading and Collecting Honey 236\u003c\/p\u003e \u003cp\u003eLow-Hanging Fruit 237\u003c\/p\u003e \u003cp\u003eLook before You Leap 238\u003c\/p\u003e \u003cp\u003eRemember the Game Called Pick Up Sticks 238\u003c\/p\u003e \u003cp\u003eAnd It Can Get Worse by Far    239\u003c\/p\u003e \u003cp\u003eLock-Up Time 240\u003c\/p\u003e \u003cp\u003eEnough on Greed    Now Let’s Deal with Fear 241\u003c\/p\u003e \u003cp\u003eRunning, Trading, and Losing 242\u003c\/p\u003e \u003cp\u003eDoing the Wrong Thing    It’s So Easy, Isn’t It? 242\u003c\/p\u003e \u003cp\u003eIt’s Not the Trade, It’s the Battle 243\u003c\/p\u003e \u003cp\u003eThe Art of Fly-Fishing Revisited 244\u003c\/p\u003e \u003cp\u003eFear and Greed, Looking Them in the Face Again 245\u003c\/p\u003e \u003cp\u003eWhy Most Traders Lose Most of the Time 246\u003c\/p\u003e \u003cp\u003eA Review of Losing Trades Showed That 247\u003c\/p\u003e \u003cp\u003eThe Number One Reason We Lose Money Trading 247\u003c\/p\u003e \u003cp\u003eThe Most Important Trading Belief You Have 248\u003c\/p\u003e \u003cp\u003eThe Worst Dog I Ever Had Cost Me the Most 249\u003c\/p\u003e \u003cp\u003eAthletics Are Such a Parallel to Trading 251\u003c\/p\u003e \u003cp\u003eWhat Causes Stock and Commodity Market Trends 251\u003c\/p\u003e \u003cp\u003eHow to Measure the Public versus the Pros 253\u003c\/p\u003e \u003cp\u003eFolks, It Just Can’t Be Done 254\u003c\/p\u003e \u003cp\u003eThe Rush of Trading 255\u003c\/p\u003e \u003cp\u003eBeating Them to the Punch 257\u003c\/p\u003e \u003cp\u003eIt’s Just Over My Head 259\u003c\/p\u003e \u003cp\u003eI Looked Fear and Greed in the Face 259\u003c\/p\u003e \u003cp\u003eThe Show Must Go On 260\u003c\/p\u003e \u003cp\u003eBroken Noses, Cauliflower Ears, and Bad Trades 261\u003c\/p\u003e \u003cp\u003eLearning How to Lose Money 262\u003c\/p\u003e \u003cp\u003eHillary, High Hopes, and Heartaches 263\u003c\/p\u003e \u003cp\u003eNervous Nellies—Heaven Bound 264\u003c\/p\u003e \u003cp\u003eSecrets of System Developing and Trading 265\u003c\/p\u003e \u003cp\u003eThe Difference between Winners and Losers 266\u003c\/p\u003e \u003cp\u003eRecap 268\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Just What Does Make the Stock Market Rally? 269\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLogic 101 270\u003c\/p\u003e \u003cp\u003eThese Words Are My Bond 270\u003c\/p\u003e \u003cp\u003eA Look at Data A and Data B 270\u003c\/p\u003e \u003cp\u003eLet’s Break Some Bad Habits 273\u003c\/p\u003e \u003cp\u003eHow to Break Bad Habits 273\u003c\/p\u003e \u003cp\u003eComments on Setting Stops—Dollar Loss and Unpredictability 275\u003c\/p\u003e \u003cp\u003eAn Overview of How I Trade 278\u003c\/p\u003e \u003cp\u003eMy Trading Strategy How It Works 282\u003c\/p\u003e \u003cp\u003eRecap 285\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Hard Facts about a Very Hard Game to Win 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt Is Just Like Life 289\u003c\/p\u003e \u003cp\u003eMaybe You Are Not Cut Out for This 292\u003c\/p\u003e \u003cp\u003eYou Are in a Tough Spot 293\u003c\/p\u003e \u003cp\u003eBut There’s a Little Bit More 294\u003c\/p\u003e \u003cp\u003eIn Closing 295\u003c\/p\u003e \u003cp\u003eIndex 297\u003c\/p\u003e \u003cp\u003e\u003cb\u003eLARRY R. WILLIAMS\u003c\/b\u003e has been trading for almost fifty years and is one of the most highly regarded short-term traders in the world. Larry has taught thousands to trade, won several trading championships, and since 1970 has been writing bestselling books based on his technical indicator, Williams %R, developed in 1966 and still published daily in major financial newspapers and on finance and investing sites. Between trading, researching, and developing trading tools, he ran twice for the U.S. Senate, was a board member of the National Futures Association, and has received numerous awards, including \u003ci\u003eFutures magazine’s\u003c\/i\u003e first Doctor of Futures Award, the Omega Research Lifetime Achievement Award, and Traders International 2005 Trader of the Year. The Mayor of San Diego declared October 6\u003csup\u003eth\u003c\/sup\u003e, 2002 “Larry Williams’ Day.” Larry has been featured on CNBC and Fox News, and has been interviewed and quoted in more publications than he can keep track of.\u003c\/p\u003e  \u003cp\u003eWhen popular market guru Larry Williams first presented his \u003ci\u003eLong-Term Secrets to Short-Term Trading\u003c\/i\u003e to the world in 1999, it was primarily to an audience of committed traders. In the years that have passed, things have changed radically and now everyone is in on the act, enjoying the thrill of the promise of a better life through successful, profitable short-term trading.\u003c\/p\u003e \u003cp\u003eNow Williams is back with a fully revised and updated edition of his bestselling book, designed to help a whole new generation of hopeful investors understand the trading markets and get the most out of them. While the stakes in short-term trading are high, the benefits to be reaped are unprecedented, and Williams outlines the blueprint necessary for sound and profitable trading, highlighting the advantages and disadvantages so that you, too, can come out on top. \u003c\/p\u003e\u003cp\u003ePresenting years of genuinely insightful market wisdom on topics ranging from speculation and volatility breakouts to profit patterns, Williams expertly explains the fundamentals of entering–and succeeding in–the trading world, including how the market moves, the most dominant cycles, when to exit a trade, and how to hold on to winning stocks. Including in-depth analysis of the most effective short-term trading strategies, as well as Williams’ own proven technical indicators, the book is your one-stop resource for getting started in the short-term trading market right away.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for the \u003ci\u003eFirst Edition:\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Larry is the only person I know who can mix systems and rules with confessions of his soul. This book should have universal appeal to not only the trading world but to all who apply themselves to the laws of the universe. This is a study of the self, the markets, and the interfacing of the two.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e–LINDA RASCHKE, President, LBR Group, Inc., CTA\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Larry Williams’ contributions to the study of technical analysis are well documented and indisputable. I have learned more from Larry than all other traders combined. His techniques are original, clever, and fresh. The depth and breadth of his knowledge is mind-boggling. I highly recommend it.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e–TOM DeMARK, author of \u003ci\u003eNew Market Timing Techniques and The New Science of Technical Analysis\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Having known Larry for 25 years, I can truly say that this is his ‘magnum opus’ the culmination of a brilliant career; must reading for anyone who trades futures with success as their goal!” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e“JAKE BERNSTEIN, President, MBH Commodity Advisors, Northbrook, Illinois\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989541568741,"sku":"NP9780470915738","price":90.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470915738.jpg?v=1761784523","url":"https:\/\/k12savings.com\/products\/long-term-secrets-to-short-term-trading-isbn-9780470915738","provider":"K12savings","version":"1.0","type":"link"}