- Hardcover: 318 pages
- Publisher: Traders Pr (January 1, 2002)
- Language: English
- ISBN-10: 0934380767
- ISBN-13: 978-0934380768
- Product Dimensions: 9.2 x 6.4 x 1.1 inches
- Shipping Weight: 1.4 pounds
- Average Customer Review: 4 customer reviews
- Amazon Best Sellers Rank: #2,050,399 in Books (See Top 100 in Books)
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When Supertraders Meet Kryptonite
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About the Author
Art Collins has been successfully developing and trading commodity systems since 1986. Shortly after implementing his first programs, Art amassed enough money so that he felt comfortable to exchange his managerial position in an automobile dealership for his true passion. He became a full-time floor member of the Chicago Board of Trade.
Art has been a member of the Chicago Board of Trade for thirteen years. He and his partner have enjoyed a return of several hundred percent on mechanical S & P systems they began trading in 1997. They are now starting to manage funds for others.
A Northwestern University graduate, Art has been a long-standing guitarist/songwriter with the satiric rock band The Cleaning Ladys. The band has appeared on MTV and the Doctor Demento radio shows.
This is Art's second book. The first was "Market Rap: The Odyssey of a Still-Struggling Commodity Trader," published in 2000.
To relieve stress, Art takes Tae Kwon Do. He recently achieved a first-degree black belt.
He lives in Geneva, Illinois, with his wife Pat and teenage daughter Maggi.
Top customer reviews
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The format of each chapter is a one or two page italicized introduction, followed by some text and some quotes. As a previous reviewer, said, it's a bit of an odd format, but I found it charming and easy to read.
This is an entertaining book of real life trading stories. If you ever were curious as to all the different ways a market can do incredibly bad things to your account, this is the book to read. Should be required reading for all traders, especially newbies who may not be aware of things like limit-moves and how they can make your life miserable.
1. That there will be drawdown periods in trading. Even the best have them and sometimes the can be big.
2. Becoming a successful trader is mostly about how you come back from a drawdown.
These types of books are vital in helping traders understand the psychology needed to become a master of the craft.
There are a couple of problems with this book:
- The main problem is it's not very focused in terms of questioning surrounding the stuff up. Sorry, it just doesn't compare with Schwager's depth. The book is not a publication of the interview transcripts, I suspect there's a bit of reduction in some of the detail.
- The interviews are too short (again, may have to do with the focus on screw ups) that they sometimes end abruptly and the description of the interview subject is even longer than the actual substance of the interview!! Perhaps interview less people with more detail?
- I also think the writing is not as good as Schwager's. This is possibly a subjective issue, but I think it lacks clarity.
- There is a noticeable amount of spelling errors and some formatting errors (eg 2 lines between paragraphs). This is not a big deal, but does indicate lack of professionalism.
Don't fret, because there are many positives with this book:
- If you're looking at a purely motivational text, this could be what you're looking for. Even the best traders screw up royally.
- Simple english --> easy to understand with a very casual tone.
- Some great traders are included...
I think this ranks about the same as Schwager's newest Stock Market Wizards (which has its problems - see my review also).