Book description
"The way that Big Money got to be Big Money was by also being the 'Smart Money', and so it is worth paying attention to how the Big Money traders behave. That's the essence of what Larry Williams has to teach us in this book. And it's not just what the Smart Money says or thinks, but how they behave in terms of their trading that we should pay attention to. Larry shows us how to listen to that message."
—Tom McClellan, Editor of The McClellan Market Report
"Finally, an insider's take on what really goes on behind the scenes in commodity trading. Larry writes his view of trading, as only he knows it, from his twenty-five years of experience."
—James Altucher, author of Trade Like a Hedge Fund
Successful trader Larry Williams reveals industry secrets that help investors and traders successfully invest and trade side-by-side with the largest commercial interests in the world. You'll be introduced to the COT (Commitment of Traders) report, the best resource for achieving trading success, learn exactly what the information it contains means, and plan for maximizing profits by acting on reported actions.
Table of contents
- Title Page
- Copyright Page
- Introduction
- CHAPTER 1 - Meet Your New Investment Partner and Adviser
- CHAPTER 2 - Watching the Commercials
- CHAPTER 3 - Understanding the Commercials
- CHAPTER 4 - The COT Index
-
CHAPTER 5 - For Every Insider There Is an Outsider
- LARGEST NET LONG POSITION
- SMALLEST NET LONG POSITION
- BEATING THE MARKET WITH THE BRITISH POUND
- FIRST RULE FOR THE PUBLIC INDEX
- SECOND RULE FOR THE PUBLIC INDEX
- GOLD DOES NOT ALWAYS GLITTER
- SOYBEAN SOLILOQUY
- USING THE INDEX, NOT JUST THE NET LONG POSITION
- BULLISH ON BONDS WHEN THE PUBLIC GETS BEARISH
- CHAPTER 6 - Large Traders ... Not Quite As Good As You Think
- CHAPTER 7 - The Facts on Volume
- CHAPTER 8 - The Breakthrough
- CHAPTER 9 - Opening Up on Open Interest
-
CHAPTER 10 - A Unified Theory of COT Data
- A NEW INDICATOR—COMMERCIALS VERSUS TOTAL OPEN INTEREST
- CALLING THE LOWS
- THE MORAL OF THE STORY
- PIECES OF THE PUZZLE
- AN ANALYSIS OF SILVER
- GOLD, THE PROS, AND THE COMMERCIALS
- COMMERCIALS AND A LOOK AT SHORT-TERM TRADING
- THE MARKET—IT’S NOT A FLIP OF A COIN
- PATTERNS TO TRADING PROFITS OR RANDOMNESS?
- LOOKING AT LOSSES
- CALLING UPON THE COMMERCIALS
- SPLASHING ICE WATER ON THE PROFESSORS
- CONFESSION TIME
- THE TOUGHEST PART OF TRADING
- MORE ON THE MIND-SET OF A TRADER
- CHAPTER 11 - A New Twist on the Commercials
- CHAPTER 12 - Pointers and Thoughts on Trading
- CHAPTER 13 - The One-Minute Commodity Trader
-
CHAPTER 14 - Charts
- IT’S ALL ABOUT TIME
- PROS AND CONS OF CHARTS
- OPEN, HIGH, LOW, AND CLOSE CHARTS
- CANDLESTICK CHARTS
- CLOSING-ONLY PRICE CHARTS
- MARKET PROFILE CHARTS
- POINT-AND-FIGURE CHARTS
- KAGI BARS
- RENKO CHARTS
- MORE CHART JARGON: MOVING AVERAGES
- DON’T PUT YOUR CHARTS BEFORE THE HORSE
- CHART PATTERNS AND SUCH
- SUPPORT AND RESISTANCE
- THE FIB OF FIBONACCI
- DON’T MISUNDERSTAND ME ON CHARTS
- CHAPTER 15 - Putting Theory to Work
- Index
Product information
- Title: Trade Stocks and Commodities with the Insiders: Secrets of the COT Report
- Author(s):
- Release date: September 2005
- Publisher(s): Wiley
- ISBN: 9780471741251
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