Successful traders utilize a wide variety of approaches to attack the markets. Irrespective of the approach, virtually every top trader abides by four key principles: trade with the trend, cut losses short, let profits run, and manage risk. In this eagerly anticipated book, trading expert Bruce Babcock fully explains each of these principles and shows readers how to implement the four principles in their own trading. Consisting of a series of interviews with top traders, Babcock demonstrates that while there are many ways to trade, only those traders who rigorously apply the four principles will achieve lasting success. Featured traders include Jack Schwager, Larry Williams, and Tom Aspray. All traders, from rank beginners to seasoned veterans, will enjoy and benefit from this important new book.
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Most Helpful Customer Reviews
21 of 24 people found the following review helpful:
1.0 out of 5 stars
$28 for four liners,
By A Customer
This review is from: The Four Cardinal Principles of Trading: How the World's Top Traders Identify Trends, Cut Losses, Maximize Profits & Manage Risk (Hardcover)
1.Identify Trends 2.Cut Losses 3.Maximize Profits 4.Manage Risk. Now send me $28 and forget about the book!
15 of 17 people found the following review helpful:
1.0 out of 5 stars
Read the dust jacket, pass on the book,
By A Customer
This review is from: The Four Cardinal Principles of Trading: How the World's Top Traders Identify Trends, Cut Losses, Maximize Profits & Manage Risk (Hardcover)
Read the dust jacket and learn the four key principles: trade with the trend, cut losses short, let profits run, and manage risk. You don't need to spend the $28 to buy the book.
11 of 12 people found the following review helpful:
2.0 out of 5 stars
Better Look Elsewhere...,
By chrisbrenn@msn.com (Chicago, IL) - See all my reviews
This review is from: The Four Cardinal Principles of Trading: How the World's Top Traders Identify Trends, Cut Losses, Maximize Profits & Manage Risk (Hardcover)
In a nutshell - the four rules - trade with the trend, cut losers, let winners run, and money management. Now you won't need the book. He interviews "top" traders and asks them the same questions. Example "Do agree trading with the trend is important?" Ans "Of course". These things I knew before I wasted money on this book. As another reviewer said "If you want this book, you can have mine" I'd love to stop myself out of it!
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
Profitable commodity trading is one of the most difficult endeavors known to man. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
successive price bars, classical chart patterns, trading with the trend, countertrend trader, trading against the trend, equity stops, risk management reasons, money management stops, volatility stops, letting profits, freeze seasons, seasonal charts, trailing stop, trading seminars, cutting losses, relative leverage, trading cycle, hourly chart, trend length, protective stop, situational risk, trading style, equity curve, crop reports, weekly chart Key Phrases - Capitalized Phrases (CAPs): (learn more)
Jack Schwager, Jake Bernstein, Bob Jubb, Glen Ring, Kelly Angle, Robert Miner, Steve Briese, Michael Chisholm, Peter Brandt, Phyllis Kahn, Stan Tamulevich, Colin Alexander, Nick Van Nice, Tom Aspray, James Kneafsey, Intermediate-Term Traders, Courtney Smith, Elliott Wave, Larry Williams, New York, Trend Change Anticipators, Commodity Trend Service, The Factor, Bullish Review, Commitments of Traders New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Profitable commodity trading is one of the most difficult endeavors known to man. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
successive price bars, classical chart patterns, trading with the trend, countertrend trader, trading against the trend, equity stops, risk management reasons, money management stops, volatility stops, letting profits, freeze seasons, seasonal charts, trailing stop, trading seminars, cutting losses, relative leverage, trading cycle, hourly chart, trend length, protective stop, situational risk, trading style, equity curve, crop reports, weekly chart Key Phrases - Capitalized Phrases (CAPs): (learn more)
Jack Schwager, Jake Bernstein, Bob Jubb, Glen Ring, Kelly Angle, Robert Miner, Steve Briese, Michael Chisholm, Peter Brandt, Phyllis Kahn, Stan Tamulevich, Colin Alexander, Nick Van Nice, Tom Aspray, James Kneafsey, Intermediate-Term Traders, Courtney Smith, Elliott Wave, Larry Williams, New York, Trend Change Anticipators, Commodity Trend Service, The Factor, Bullish Review, Commitments of Traders New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 10
books:
See all 10 books this book cites
4
books
cite this book:
- Market Masters by Jake Bernstein on page 10, Back Matter (1), and Back Matter (2)
- Seasonal Charts for Futures Traders by Courtney Smith on page 168, and Back Matter
- Commodity Spreads: Techniques and Methods for Spreading Financial Futures, Grains, Meats and Other Commodities by Courtney Smith on page 168, and Back Matter
- Schwager on Futures: Technical Analysis by Jack D. Schwager on page 64, and Back Matter
- The Taurus Method by Michael Chisholm on page 28, and Back Matter
See all 10 books this book cites
- Trading with Oscillators: Pinpointing Market Extremes -- Theory and Practice (Wiley Trader's Exchange) by Mark Etzkorn in Back Matter
- What Works in Online Day Trading by Mark Etzkorn in Back Matter
- Day Trade Futures Online (Wiley Online Trading for a Living) by Larry Williams on page 214
- The Greatest Business of the 21st Century by Cliff Bell in Back Matter
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