Long Term Secrets to Short Term Trading by Larry Williams

Short-term trading is how most traders and would-be traders play the markets. While it offers the greatest financial payoffs, it also presents the greatest challenge, requiring constant attention and vigilance, as well as a very strict plan. Written by Larry Williams, the most recognized and popular technical analyst for the past three decades, this groundbreaking book-his first 'in almost a decade-provides the blueprint necessary for sound and profitable short-term trading, highlighting the advantages and disadvantages of what can be a fruitful, yet potentially dangerous venture.

Sharing his years of experience as a seasoned and successful trader, Williams offers his market wisdom on a wide range of topics, from chaos and speculation to volatility breakouts and profit patterns. With his expert guidance, you'll learn about such fundamentals as how the market moves, what are the three most dominant cycles, when to exit a trade, and how to hold on to winners until the end of your chosen time frame.

Along with in-depth analysis of the most effective short-term trading strategies and details on the best theory and implementation of money management, Long-Term Secrets to Short-Term Trading features Williams's winning technical indicators, as well as his thoughts on a broad range of topics. A sampling:

"A short-term trader has one objective; to catch the current trend of the market. That's it. That's all you should try to do!"
"The shorter your time frame of trading the less money you'll make."
"You will never make big money until you learn to hold on to your winners, and the longer you hold the more potential you have for profiteering. It takes time to make money regardless of the activity."
"Wealth is not amassed with just good market calls. It also requires correct money management."
"I think you need to fear the market and fear yourself... Without fear there is no respect, if you do not respect the markets and fear yourself you will become one more dead body on the long trail of commodity market casualties scattered across the land."

Filled with invaluable insight, precise rules and formulas, and helpful advice from one of today's most respected market players, this comprehensive and practical resource will serve as the basis for, if not indeed become, your short-term trading "gospel."

"This is his 'magnum opus' - MUST reading for anyone who trades futures with success as their goal."
- Jake Bernstein, The Compleat Day Trader

Larry Williams has a huge following in the trading world. His big successes have been well-documented; his books widely read. But it's been over 10 years since Larry published his last book, and the markets have changed dramatically during that period. The number of traders focused on the short-term markets has exploded - and the short-term markets are where Larry shines, with years of expertise under his belt. And while short-term trading offers the greatest financial payoff - it also presents the biggest challenges - requiring a vigilant and calculated plan.

Now, Williams breaks his silence with this new breakthrough book. It's a blueprint for sound, profitable short-term trading strategies. It's thorough, easy-to-follow and provides a fresh look at how to be a viable player in this high-stakes arena.

Larry's in-depth coverage reveals:

The three most dominant cycles
When to exit a trade
Volatility breakouts and profit patterns
How to hold on to winners until the end of your chosen time-frame
How to implement the best money management strategies
His winning technical indicators
Plus, precise rules and formulas, invaluable insights and the most effective short-term strategies he's found in over three decades of trading success.

As Larry himself says:

"The public thinks speculation is a game of know the future. They are wrong. It is a game of developing strategies with winning advantages, of getting the odds on your side, and then working those odds. Here's how I've done just that for the past 35 years."

Comprehensive and practical, Larry's latest work could well become the short-term trading "gospel" for the next decade.

TABLE OF CONTENTS:

Introduction - You Are Already a Commodity
Trader

Chapter 1

Making Order Out of Short-Term Chaos
How I Learned about the Market
Charting the Market
The Nonrandom Market
Understanding Market Structure is

Chapter 2

It's a Question of Price and Time
All You Will Ever Need to Know about Cycles
The Natural Cycle of Range Change
Where the Trend Is with You-The Second Power Play Price Pattern

Chapter 3

The Real Secret to Short-Term Trading
It Is All about Time

Chapter 4

Volatility Breakouts- Momentum Breakthrough
Simple Daily Range Breakouts
A Look at Volatility in the S&P 500
Separating Buyers from Sellers to Find Volatility Using Market Swings to Follow Volatility Results
One Step Further

Chapter 5