In Trading by the Minute, Joe Ross reveals his Major, Minor, and Intermediate intraday trading signals. He shows you exactly what they are and explains why they are important. He emphasizes the hows, whys, and whens of both stop loss and profit protecting stop placement. You will learn about hedging your positions, how to deal with the floor and your advantages over them. Joe reveals several methods for identifying a trend before anyone else sees that it is happening.
Book Description
Editorial Reviews
About the Author
Joe Ross, trader, author, and educator, has been an active trader since 1957, when he began his trading career in the commodity futures market. In 1982, when it became possible to daytrade the S&P 500 stock index futures via live data feed, he successfully made the transition from full-time position trader to full-time daytrader. Since 1988, Joe has written seven major texts on futures trading. All have become classics.
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Most Helpful Customer Reviews
19 of 20 people found the following review helpful:
2.0 out of 5 stars
Don't expect too much from this book,
By A Customer
This review is from: Trading by the Minute (Hardcover)
In my opinion, the methods shown in this book do not work well enough to recommend this book. Especially the method for the S&P which is perhaps the only real market for day-trading leads to overtrading. Also the money management techniques presented are not effective.If you use a third contract set only to cover costs you are increasing your risk (and of course your costs) by 50%!Such a technique would only work if you were able to liquidate this contract set at least in 80% of the time at a win which won't be the case with the presented methods.Also a 250$ stop in the S&P is almost always sure to be hit. Also the use of 'stop with limit' and MIT- orders is no longer applicable. It might be true that the presented methods worked 10 years ago, but i don't think they are still working. Therefore the book is highly overpriced.
19 of 21 people found the following review helpful:
3.0 out of 5 stars
MicroTrading,
By "vulturetrader" (Kenosha, WI United States) - See all my reviews
This review is from: Trading by the Minute (Hardcover)
This is a decent book, but I do not believe it is Ross's best work...I also would say that if taken out of context, it might do more harm than good for most traders...Since the majority of aspiring traders are enamored with the concept of trading on the short-term time frames, a book with a title like this will prove to be a large temptation for most traders...Ross, in other books, states that he is very selective about most of his trading and does not regularly "scalp" in and out of the markets...That being said, I would say that I am not certain that some of the techniques that he advertises such as "bracketing" trades in the sp futures would be successful in the current markets...I do, however, agree 100% with time scaling and using larger time frames to enter the trades on the "micro" time frames...I just do not believe that trading breakouts on the micro time frame will lead to long term success...There is far too much "slop and chop" in today's markets for these techniques to have any real consistency...
14 of 15 people found the following review helpful:
4.0 out of 5 stars
This is as close to the Holy Grail as you can get,
By Ken Miller (Atascasdero, California) - See all my reviews
This review is from: Trading by the Minute (Hardcover)
I have bought over a hundred books on trading. Each has something to say, however slight. This one has more information than most. Considering the book was written before E-mini and 8 second fills arrived, it is amazing how much trading technique is still valid. If you are new at futures trading, it will take a while for the information to all make sense. The more I trade, the more stuff in this book comes home. I make money (and keep money) on what this guy says in this book on a regular basis! What else do I need to say. Also, check out the Ross Hook book. They are both classics.
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