Technical Traders and Commodity Speculators

by Lyn M. Sennholz

Most investors do not get involved in speculation or commodities, but speculators play a vital function in financial markets by absorbing and managing risk. Technical traders practically ignore business results within specific companies, instead focusing on broad market indicators such as price trends, trading volume, and rate of change in major stock market averages. The Secrets of the Great Investors series is a collection of presentations that explain, in understandable language, the strategies, tactics, and principles that have produced great wealth, and how you can improve your financial future. History's greatest investors used powerful investing philosophies to produce superior results, and you can learn from their successes and mistakes.

Audio CD

First published August 1, 2006

Reviews

[Piotr Karaś · Rating 4 out of 5]

Somewhat outdated as far as the trading technology is concerned. However, the author covers key universal rules, drawn from experienced traders, that are worth repeating and remembering. Interesting and pleasurable to listen to.

[AttackGirl · Rating 5 out of 5]

This book reminds me that I have suggested to several companies to put the links for the books that writers reference so I can read them. Why not ask if I care and want to read more on the topic so they can sell me another book or reference work. Save the people all the effort of writing it down going to look it up and buy it when they could just insert the link and make easy for us to buy. I dont mind giving all the ideas away for free because it helps to educate the world and make people money but it can be exhausting to keep submitting the ideas and have them send the paperwork to release claims, like Nike says....Just do it! I dont want the money I have money I want the links, the books etc.

So again read the books, learn so you can blaze your trail which ever way you desire.

[Aya Al-Shakarchi · Rating 5 out of 5]

My notes:


< The whole Bunker and Herbert Hunt / Silver Thursday situation, two men cornering the entire silver market by buying massive amounts of silver driving prices from around $6/oz to $50/oz. Crazy

< Loved the line about futures: “Trading futures is like trying to get a ride on a whale – the whale will do whatever the whale wants, it’s your job to decide when to jump off.”


< chaos theory and why Soros doesn’t buy into efficient markets.

<“What is obvious is obviously wrong” - PTD