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Trading Day by Day: Winning the Zero Sum Game of Futures Trading
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Trading Day by Day: Winning the Zero Sum Game of Futures Trading

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Product details

Condition
New
Location
South Africa
Product code
bhb007
Bob Shop ID
684341680

Published by California Publishing, 2003, hardcover, large format,  illustrated, 375 pages, condition: new.

Trading Day by Day is overflowing with the fundamental truths and reliable trading rules every trader needs to be competitive in any market, at any time. The three natural laws of trading, an intelligent approach and method, a sound mathematical system, the spike rule, the mistake rule, divergences, relative strength, the truth about options, businesslike money management, over a hundred "real time," day-by-day chart examples, and much more. While specifically about futures trading, its approach and method are equally applicable to forex, stocks and any other market.

F.H. "Chick" Goslin explains his technical analysis trading system using simple momentum and crossover indicators, emphasizing the importance of letting winners run while controlling risk. It is considered a helpful read for those new to futures trading concepts. The book provides a practical and straightforward approach to navigating the futures market, which is characterized as a "zero-sum game" where one participant's gain is another's loss.  Goslin avoids complex systems, focusing instead on simple, effective indicators like momentum and crossover points to identify trading opportunities.  His system is described as one that "lets winners run," which is a core principle of trend-following strategies. This involves staying in a profitable trade as long as the trend continues, rather than exiting prematurely. 

 While not explicitly detailing a specific rule like the 3-5-7 rule, the philosophy generally focuses on "keeping out of trouble," which implies a strong emphasis on sound money management and risk control. 

The book is particularly aimed at novice traders looking for a clear, accessible guide to the fundamentals of futures trading. The core ideas about market dynamics and trading psychology remain relevant. It is recommended as a foundational text for anyone considering dabbling in the futures market.


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