Cover image for Day trade futures online
Day trade futures online
Williams, Larry R.
Personal Author:
Publication Information:
New York : J. Wiley, [2000]

Physical Description:
x, 229 pages : illustrations ; 24 cm.
Format :


Call Number
Material Type
Home Location
Item Holds
HG4515.95 .W55 2000 Adult Non-Fiction Non-Fiction Area

On Order



Wiley Online Trading for a Living
When to get in-when to get out
Build, test & trade a winning system
Online brokers, research & market data

For those who are well suited to day trading and short-termtrading, the futures market is one of the best games in town. Asthe original short-term vehicle, the futures market allows thetrader to collapse the time frame in which he or she can reach thedesired profit target-or pain threshold. As a result, wins andlosses are compounded much more quickly than in stock trading-and,in the case of wins, often more profitably. The ability to gainleverage with very little on margin gives you, the trader, theability to earn more off smaller swings. And enough home runs couldallow you to become your own boss, work from home in your bathrobe,or even work from your cell phone while lying on the beach. So far,so good. But what does it take to win?

In Day Trade Futures Online, award-winning veteran futures traderLarry Williams gives a no-holds-barred view of the risks andrewards of this increasingly accessible arena. His straightforwardapproach to helping you determine your trading personality is thefirst step. Then he offers traders what they really need:strategies and tactics designed to beat the futures markets. Fromhardware and software setup to trading psychology and successfulstrategizing, this highly readable book covers all the bases neededto prepare you to trade online, including:
* Assessing your risk threshold
* Streamlining the glut of trading and price information to make itwork for you
* The importance of knowing how to manage your money
* Choosing an online broker and utilizing other online resources,such as news, chat rooms, and message boards
* When to get out of your trades
* Building a system based on Larry''s time-tested strategies

. . . and that''s just for starters. Also included are an appendixof basic futures concepts and a select bibliography of some of thebest learning resources. With good humor and brutal honesty,Williams guides you in building the trading system that will workbest for you.


With unflinching honesty and decades of trading experience,award-winning veteran futures trader Larry Williams lends hisexpertise to the many aspects of futures trading online,including:
* Winning strategies
* Determining your trading personality
* The art of using the Internet
* Hardware and software solutions
* History and development of short-term trading

Praise for Larry Williams and day trade futures online

"Larry Williams, the astute and experienced trader, has presentedthe reader with many computer-tested patterns that should give onean edge up in the hard world of day trading. He not only gives thepatterns, he explains the ''why'' of market action and what it takesto be successful from a psychological and money managementstandpoint. This is one of the best practical books ever written ontrading by a veteran trader. Buy it."-John Hill, President, FuturesTruth Co.

"Larry possesses an incredible talent to differentiate between whatis important in life as well as in the markets. In his book, heshares insights into market behavior and short-term price dynamicsthat are useful to beginning and experienced traders alike. Whereasmost day trading books merely discuss the market in generalities,Larry focuses on computer-tested techniques that can actually helpmake traders profitable. This is Larry at his best and finest!"-TomDeMark, President, Market Studies Inc., author of New Science ofTechnical Analysis and New Market Timing Techniques

"Day Trade Futures Online is another must-have Larry Williamstrading book. That''s because nearly all the profitable futurestraders I''ve known have attributed their trading success to an ideaor concept learned from Larry. When Larry speaks, you betterlisten."-Gary Smith, author of How I Trade for a Living

Author Notes

LARRY WILLIAMS is the all-time winner of the Robbins World Cup Championship in Futures Trading where he turned $10,000 into $1,100,000 in twelve months-mostly by day trading. His newsletter has consistently been in the Commodity Traders Consumer Report''s top five in their total net profit category. He has been profiled in Barron's, the Wall Street Journal, Forbes, Fortune, and countless other publications. His other books include Long-Term Secrets to Short-Term Trading (Wiley).

Table of Contents

Introductionp. 1
Part 1 Pregame
Chapter 1 What you need to get startedp. 13
Chapter 2 All about brokersp. 29
Chapter 3 Internet resourcesp. 51
Part 2 The show
Chapter 4 Volatility breakouts--the momentum breakthroughp. 73
Chapter 5 The theory of day tradingp. 95
Chapter 6 Patterns to profitp. 101
Chapter 7 Separating the buyers from the sellersp. 131
Chapter 8 Attention, day tradersp. 141
Chapter 9 Special short-term situationsp. 159
Chapter 10 When to get out of your tradesp. 171
Part 3 Strategy and summary
Chapter 11 Thoughts on the business of speculationp. 175
Chapter 12 Money management--the keys to the kingdomp. 189
Chapter 13 A word in closingp. 205
Appendix a A futures market primerp. 207
Appendix b Recommended readingp. 213
Indexp. 219