Arms traders and sophisticated individual investors with the tools they need to play the markets successfully Many traders believe that they must perform at least one trade every day, no matter what. However, as expert Price Headley clearly demonstrates in this groundbreaking book, not only is that assumption false, it can also be dangerous. He shows why focusing too narrowly on the daily ebb and flow of the markets minimizes a trader's chances for the big returns. He explains why maximum results are achieved by identifying the big market trends and riding them for all their worth. Headley explores the major market indicators-including the popular CBOE Volatility Index, Nasdaq 100, Rydex Mutual Fund Flows, and Equity Put/Call Ratio-and shows readers how to use them to identify the stocks that are about to take off. Emphasizing the aggressive use of options, he also empowers investors with stock selection techniques and options strategies that work in virtually every type of market.
Pretty great book overall. The book does well in providing typical strategies and their outcomes including % of winning, and $ profit. Not many books have been able to provide proper statistics.
It has certain faults like; all the data pertains to 1970 to 2001, and certain 'strategies' seem to have smaller time frames (like 1990-2000). There does seem to be certain biases when selecting certain strategies to review and the companies to showcase the strategies (like choosing tech companies during the tech bubble).
The book does end quite well with summation of good trading principles. I would recommend the book just for the ending part but note there are some dull parts.