| Mastering Futures Trading : An Advanced Course for Sophisticated Strategies that Work | 
 enlarge | Author: Bo Yoder
Publisher: McGraw-Hill
Category: Book
List Price: $55.00
Buy New: $31.52
You Save: $23.48 (43%)
New (25) Used (3) from $31.52
Avg. Customer Rating:  8 reviews
Sales Rank: 562418
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 288
Shipping Weight (lbs): 1.5
Dimensions (in): 9.3 x 7.5 x 1
ISBN: 0071420347
Dewey Decimal Number: 332.6452
UPC: 639785388159
EAN: 9780071420341
ASIN: 0071420347
Publication Date: May 14, 2004
Availability: Usually ships in 1-2 business days
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Product Description
Skilled stock traders and investors are increasingly turning to futures trading to augment their overall performance. Mastering Futures Trading introduces these traders to proven and popular Strategies, concepts, and methods for becoming experts in this high-potential, highly leveraged game. Unique in its unflinching look at the realities of futures trading—both the highs and the lows—this clear and accessible book covers how to trade hot new single-stock futures, proven futures trading strategies, blow-by-blow examples of futures trading in action, and more.
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| Customer Reviews: Read 3 more reviews...
 Fabulous read December 7, 2008
I think this book is one of the best I've ever read, and if there are some who say thats not the case, it's becasue they are looking for the "next thing" when actually its right under their noses.
This book contains some the most important keys to my successful trading.
Awesome book. I don't even trade futures I trade options and it was still one of the top books in my opinion.
 Mediocre December 13, 2007
1 out of 1 found this review helpful
To beginners these books tend to be dangerous because they do not emphasize the unpredictability of price action in the markets and the failure of any method to handle it well. As someone who trades by scalping, I was interested in reading this book to see if it had any interesting ideas for setups. It doesn't. There are a few worthy characteristics of the book and there is some bad stuff. The good stuff is only "comparitively good" in the sense that it's better than a lot of the other books. For example, the author is very honest and realistic in explaining the dangers and losses, including his personal losses. He doesn't just gloss over it. The explanations of technical analysis are decent as far as Technical Analysis goes, but fail to emphasis the fact that there is a high failure rate in setups based on technical analysis. The high rate is not particularly higher or lower than any other method, per se. It's just high. Like all methods. The absolute worst thing in the book is the author's concept of "payout-payback." To say that a trader experiences cycles where the markets "pay you back" for the profits you have taken is simply a projection of your emotional state on to the markets, which is ridiculous. Rather than "payback" the author should be saying that his trading method gets lucky some of the time and other times fails to be lucky. If a beginner wants to read a book to learn how to trade, then go ahead and read this one and also Elder's "complete trading" in order to see how a lot of other people trade, as long as you can keep an open mind and don't take this stuff as gospel truth.
 Better than average February 13, 2006
4 out of 5 found this review helpful
The most interesting concept in this book is the discussion of Payout and Payback periods. Every trader will be able to relate.
There seem to be times when nothing goes right, and other periods where one can do no wrong. The author stresses recognition of the phase that you, and the market are in, and alter trade size and agressiveness accordingly. Traders at all levels may be aided by taking this approach, or at least giving some thought to whether one is in sinc with the market or not.
The balance seems to be geared toward the novice trader, and is not a bad addition to a newcomer's trading library. Certainly, many, many worse books are read each day.
 Why waste time and money on books like these? August 28, 2005
8 out of 33 found this review helpful
Before you are going to spend any money to buy this book, think about this:
"If he is so successful in trading futures, and became a master and making tonnes of money, why does he bother to write a book to teach other people his successful methods?"
Is Warren Buffet (the second richest man in the world) writing a book to teach people how to invest in stocks and become as rich as he is?
If you find out a way to make money in trading futures, would you have any spare time besides growing your portfolio to millions? Why would you even want to teach others to compete against you?
Excellent Book.... August 28, 2004
7 out of 10 found this review helpful
in which Mr. Yoder presented his approach to trading futures and the setups he pulls trigger on. His methodologies may not work for everyone, but his presentation of them is clear and down-to-earth. You may scoff at the simplicity of his trading style, but, if you ever traded for a period of time, you know that every word he writes about his trading experience rings true.
Mr. Yoder elegantly summarizes the mastery of futures trading by quoting a beautiful passage from Mark Twain's "Life on the Mississippi," in which Twain remarks:
"Now when I had mastered the language of the water and had come to know every trifling feature that bordered the great river as familiarly as I know the letters of the alphabet, I had made a valuable acquisition. But I had lost something, too....All the grace , the beauty, the poetry had gone out of the majestice river!"
The same is true of trading. Once you have mastered the "language" of trading, i.e., learned to process the signs that the market presents to you unemotionally, all the mystery of trading is gone. What remains is just your trading plan, your setups and your stops--no excitement and no holy grail, just routine.
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