Customer Reviews

The Trading Systems Toolkit: How to Build, Test and Apply Money-Making Stock and Futures Trading Systems

5 star:		(4)
4 star:		(1)
3 star:		(1)
2 star:		(1)
1 star:		(5)

 

 

This book does NOT teach how to implement and test a trading system. It is for very early begginers that have NO idea what system trading is and want a simple introduction a 12 year old could read. I am looking for a book to teach me how to professionally test and present my trading system to investors. This is not the book, in spite of the misleading title. If anyone reading this knows of such a book, please send me an email, i'd appreciate it.

I have read many books on trading and was very disappointed with this book. I have never seen a 250 page book have so little content. The page layout uses large margins, large fonts and lots of spacing. It reminds me of 9th grade English when you had to write a 5 page term paper - instead of filling it with content, you tried to trick the teacher by double spacing! The content that was supplied did not go into near enough detail for a trader to build a system without referring to other books. Spend your $44.00 elsewhere.

I found this book to be quite upfront and personal. I felt the author was speaking directly to me. I also felt that the knowledge I received from this book was valuable even though at the onset, I was not firm in my decision as to whether or not I had the necessary confidence to develop my own commodities future system. Krutsinger's book is about as unsophistocated as it can get, while still being rather out-of-reach for beginners. If you delight in learning new things, and if you have a keen desire to build a commodities trading system, this book is definitely for you. The fundamentals, technical indicators, possible problems, pitfalls, and the psychological consequences of developing your own system are each explained. Then you are shown how to develop your own trading system according to your wishes, your wants, your desires, your likes and dislikes. The dessert of this book is chapter 9, which includes $48,000 of trading systems, and surprisingly enough, shows you the LOGIC behind each one! If I could only purchase one book to help me develop my own trading system, it would be this one.

I would describe this book as being a very high level overview of a trading system. If you want to learn how to really build a trading system this is not the book to read. At the end of the book of about 250 pages there are about 100 pages of screen printouts. I was pretty disappointed by this book, expecting some practical formulas and ways of building a trading system. On the upside this book can be read very fast.

This is mostly bare system reports without a word of explanation. What text there is is incoherent or just notes thrown in without plan. The systems are simple and are a step further towards your own designs but as it is, this should not have been published as a book and doesn't rate against what else is available.

There are three types of traders - discretionary, technical and systems. Once you understand the advantages of being a systems trader, this book will become one of your prize possessions. You will need a copy of TradeStation software in order to test and apply most of the trading systems Joe presents in the book, but once you read the book, if you are serious about trading, you'll get a copy of the program. The book reveals many proprietary trading systems Joe has developed for different markets. The "Buy Monday" system he reveals in the book can easily make you a nice steady, safe income with a few minor refinements (and you don't even need the software for this one). The book details the workings of many trading systems, provides Easy Language code for most and explains why each of the systems works. Easy to read and to the point, this book provides examples of the technical tools and the mindset necessary to help you reduce the fear and uncertainty in trading.

I was disappointed in the book's lack of explaining the various systems. I am currently using one of these systems, but it took a good deal of work on my part to extract it from the book and program it into my own application program. The book's language is so cryptic, incomplete, and filled with distracting titles of the algorithms; that unless you spend the time to decipher the hardcopies of the computer application program (which is almost essential to own in order to get utility out of the book) you may be disappointed in the book. It requires a good deal of effort and patience on your part to get useful results from the book. With all that said, I am still interested in his other book and will probably order it.

I heard this guy speak in a TradeStation event. I didn't think he was the best presenter but he had a few interesting things to say. Based on that I thought I'd see what he could do in writing. I should have paid attention to the more mixed reviews. I bought the book for $3.00 used. $3.00 shipping. It wasn't worth the time or money even at that price.

The book gives a good introduction into systematic trading approach with a number of examples.

I picked up this book, intrigued that the reviews were so different - one star versus five stars. I did not know what to expect, but after many days of reading, I clearly believe that this is a have-to-have book if you are seriously thinking about developing your own commodity trading systems. It may be too simple for some people, but the methodology is sound, and concise, and I believe the people who panned this book were jealous.