Trading Systems: Secrets of the Masters
January 1, 2010 by TheRainMaker
Filed under Trading Products
Trading Systems: Secrets of the Masters
Fifteen experts–including the author, trading consultant and system developer Joe Krutsinger–outline their methods for challenging the future, option, currency, bond, and stock markets in Trading Systems: Secrets of the Masters. The result is detailed information on (and valuable insight into) a variety of systems that have already proven successful through decades of application. The first section’s question-and-answer format gives participants a chance to explain their specific philo
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(out of 17 reviews)
List Price: $ 50.00
Price: $ 24.99
Review by Bryan Tarr for Trading Systems: Secrets of the Masters
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As mentioned by the author this book was written by submitting over thirty of the same questions to so called systems trading experts. It is really laughable that he ask them to write about their first system, since most first systems composed by anyone is junk. Then he ask them to come up with one system written in English and most come up with silly little systems that have huge drawdowns, even when back tested. I, myself have at a least a half dozen systems that backtest better than any of their systems. Another annoying part of the book is a few of the expert system writers don’t provide enough information and only advertise their own books or systems for sale. This book was not worth having in my library.
Review by for Trading Systems: Secrets of the Masters
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This book is based upon a sound premise. Interview the masters and note the details of their methodologies. Sounds like a great idea huh? Two problems though. None of the traders interviewed in this book can be deemed a “master”. Secondly, no “master” would ever reveal his specific methodology. All of the traders in this book are nothing more than commercial system writers. Get that through your heads people! The only talented researcher out of the bunch and notice how I said researcher not trader is perhaps Nelson Freeburg. Systems have a very short life, so even if you do happen to come across a good one and even if you have the proper discipline to trade it, you will still probably fail. Do want to know why? Because markets are not static, they change. They are in a constant state of flux. Read the interview on William Eckhardt in “The New Market Wizards”.
Review by for Trading Systems: Secrets of the Masters
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This is one overpriced, poorly written, and generally careless book! In short, the book is made up of “interviews” with some of the leading designers of trading systems. Although many of the names will be familiar to system designers, there is little information that demonstrates that these people are indeed the best (returns, for instance). That is not the real problem here, though. The “interviews” are all alike; Krutsinger asks each person essentially the same canned questions. Unlike more astute interviewers, such as Jack Schwager, Krutsinger does not challenge any of the answers of the interviewees. What we are left with, then, are canned interviews that were not even done in the presence of an interviewer. Krutsinger himself sometimes writes awkwardly and unclearly and, in fact, commits many careless typos and other errors (JESSIE Livermore? I thought he was a GUY?!). The best part of the book, however, is Krutsinger’s interview of tradi! ng master Larry Williams. This chapter alone may be enought of a reason to read this book, but don’t expect much else. It seems that there was not much effort and time put into writing this book. Accordingly, readers might be wise to put forth about the same amount of effort.
Review by for Trading Systems: Secrets of the Masters
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This book is of no value!
Interviews irrelevant,system ideas presented light like smoke.
If you want to make money, instead of buying this book try to write one alike.
Don’t make the mistake I did by buying it.
Period
Review by Robert Goodman for Trading Systems: Secrets of the Masters
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The author was rather lazy in writing this book. He asked the “Masters” the same questions. You cannot ask the same question to people have different trading styles. The question of which futures should be retained or cancelled is really stupid. It doesn’t help traders to learn something useful. Some of the “Masters” didn’t answer all of them. And some answers were very confusing. I would prefer Schwager’s Market wizards. This book is also overpriced. Fortunately, I borrowed it from the library. Not recommended!