The Outer Game of Trading: Modeling the Trading Strategies of Today's Market Wizards

About this book

As the authors describe a winning system is far more than charts and technical indicators. It must give you specific entry and exit points as well as a method for managing your capital. But most importantly it must reinforce your own sense of discipline so that you pull the trigger at the right time and take your profits and losses without question. Any system that doesnt meet these criteria is doomed to fail. Of course not every system works for every trader. But by understanding what top traders do youll be able to identify an approach that works for you. Indeed by drawing on selected techniques from a number of top traders you may be able to create a system which works far better than any one individual system described in the book. Featuring interviews with top traders The Outer Game of Trading is full of fascinating stories on the ups and downs of the trading life. Youll learn how one trader shorted the yen after an unusual experience with a rental car on vacation. Youll learn about another trader who trades spreads with such intensity that he has no idea where the market is going. And youll find out about a trader who scalps the market so quickly that his clerk often cant keep track of the trades. Amazingly all three of these traders are big winners. More so than anyone else writing on trading Koppel and Abell have a gift for getting inside the minds of top traders and providing penetrating insights into how they achieved their success. For aspiring traders the lessons are invaluable. By understanding and modeling the approaches of the worlds best traders you can travel the road to successful trading with knowledge and confidence.