Long-Term Secrets to Short-Term Trading by Larry Williams

This book was authored by one of the world's most renowned traders, Larry Williams, scalping records are renowned . The author's invaluable experience makes Long-Term Secrets of Short-Term Trading an invaluable textbook for any trader.

Although the book was written over ten years ago, the aspects it presents remain highly relevant.

Long-Term Secrets of Short-Term Trading is recommended reading for both novice traders and experienced market professionals.

Main sections:

1. Bringing order to short-term chaos – market structure and understanding it as a basis for stock trading.

2. Price and time – what is the Forex price, the cyclical nature of rate changes as a basis for finding patterns.

3. Volatility breakouts – what is volatility and how to calculate it, and using the obtained results to assess the market state.

4. Theory of short-term trading – as one of the most profitable trading options.

5. Price patterns – their types and forming a trading system on different time intervals.

6. Short-term trading using the quote screen – reversal points and signals of a change in trend, highs and lows as a basic basis for choosing entry points into the market and trend analysis.

7. Special short-term situations – choosing the time for the most successful trades depending on standard market situations.

8. When to exit trades – recommendations on the time to close existing orders, searching for the most successful exit points.

9. Reflections on the Speculative Business – the essence of trading, managing trades on the stock exchange, and time as the main factor in trading.

10. Capital Management – ​​the Key to the Kingdom, an overview of the main capital management methods and their correct and timely application in practice.

11. What Makes the Market Rise – the key points in stock trading, setting stop losses, and controlling losses.

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by Larry Williams. As can be seen from the main sections, the book is an extensive guide to professional trading.