Beating the Financial Futures Market: Combining Small Biases into Powerful Money Making Strategies
Traders in today's fast-moving financial futures markets must contend with market noise that is ambiguous, contradictory, and (here's the worst part) almost entirely random. More than ninety percent of traders will eventually go broke trying to make sense of, and systemize, that noise.But for those that learn the tricks of survival, the rewards can be phenomenal. How can you become one of the five to ten percent of traders that survive the learning curve, design a profitable system, and turn financial futures trading into a profitable sideline or even a full-time career?Beating the Financial Futures Market provides you with a straightforward, historically proven program to cut through the noise, determine what bits of information are valuable, and integrate those bits into an overall trading program designed to jump on lucrative trading opportunities as they occur. Written by veteran commodities trader, systems designer, lecturer, author, and Chicago Board of Trade member Art Collins, this comprehensive trading handbook details:Guidelines for overcoming dead-end discretionary trading "insights" to focus on market-tested, mechanical trading rules and knowledgeThe four rules of prudent optimization, essential for identifying the best performing variables within your formulasEight consistent biases that, when followed, can lead you to more reliable and profitable tradesStatistically verifiable strategies for combining—and recombining—specific indicators based on prevailing market environmentsActual TradeStation® summaries, showing in black and white which concepts worked and which didn't, and when, and whyThe backroads of financial futures trading are littered with failed geniuses, traders who spent their days trying to outthink the markets. Beating the Financial Futures Markets will show you how to simplify your trading program by strictly adhering, 100 percent of the time, to a focused roster of mechanical trading techniques. It will help you remove much of the difficulty from your trading day by developing a disciplined, turnkey system and letting the system do the work—leaving you to simply make trades as specified by your system, institute the necessary safeguards, and dramatically improve both your percentage of winning trades and the bottomline profitability of those winning trades.For a free, downloadable, user-friendly document containing the TradeStation® code in this book's Appendix, please visit this book's homepage on www.wiley.com. Simply type the ISBN of the book into Wiley's search field and click on the available link. This free document allows users to manipulate, cut, and paste the exact codes from the book into their trades without having to rekey it.