Relatively simple yet highly disciplined, scale trading has become one of today's most popular and rewarding--et risky--futures trading methods. Understanding Hedged Scale Trading explains this high level trading method from the ground up, outline techniques for trader to hedge scaled positions through the judicious use of options. By explaining how to profit from hedged scale trading while controlling its many risks, it should prove to be among the most practical, hands-on advanced trading books on the market today.
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Practical Techniques for Leveraging Consistently Greater ProfitsWith Dramatically Lowered RiskIn the Futures Market
Scale trading is one of the most financially rewarding methods of trading in today's turbulent markets. At the same time it can be one of the riskiest. Understanding Hedged Scale Trading explains a proven method for taking advantage of scale trading techniques while strategically using options as a hedge to dramatically reduce that risk.
"Futures trading is a lot like war. The winner is the one standing when the loser is forced to sign a treaty. The person standing is the one with an edge who trades defensively."
Understanding Hedged Scale Trading shows you how to win the war. Explaining every facet of this highly potent trading methodfrom how to select your scale trading targets to advanced hedging and scale trading techniquesthis step-by step book discusses:
Profitable scale trading requires strong nerves, above-average tolerance for risk, and the ability to understand and use leverage. If you have the nerves and the risk tolerance, Understanding Hedged Scale Trading shows you how to control the leveragereducing your losses and increasing your ratio of profitable trades in every type of market.
"Profitable futures trading depends on getting an edge on the market, taking advantage of the edge whenever possible, and doing nothing when the edge is not evident. This book is all about teaching you where there is an edge in the futures market and showing you how to take advantage of it."
From the Introduction
Scale trading provides the edge and hedged scale trading sharpens that edge, allowing experienced traders to stay on both sides of the market and use their edge most effectively. Understanding Hedged Scale Trading covers everything traders need to know to work with the increased leverage provided by scale trading while covering their backs against the inevitable moments when, despite taking every precaution, they find fast-moving markets moving against them.
It is the only in-depth treatment of hedged scale trading on the market. This high-level trading book provides an easy-to-follow roadmap for combining the increasingly popular hedged scale trading method with the judicious use of options to control downside risk. Author Tom McCaffertya veteran of nearly three decades in the futures industry who has seen everything and is fazed by nothingshows you how to keep your wits about you in the heat of futures trading battle as he discusses:
Understanding Hedged Scale Trading is all about using your braininstead of your bucksto take advantage of market turnarounds. Filled with examples of both successful and unsuccessful scale trades, it provides strategies to minimize trading risks as you maximize market leverage, initiating trades in falling markets and then waiting patiently for the inevitable laws of supply and demand to drive the markets back upand dramatically increase your risk-adjusted returns.About the Author:
Thomas McCafferty has been involved in the futures business for nearly three decades. A registered stockbroker and securities options principal, he is the former branch office manager at Securities Corporation of Iowa and is currently chief operations officer at Market Wise Securities, Inc., of Broomfield, Colorado. McCafferty is the author of several books, including All About Futures, All About Options, All About Commodities, and Winning with Managed Futures.
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Book Description McGraw-Hill, 2001. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110071345566
Book Description McGraw-Hill, 2001. Hardcover. Book Condition: New. 1. Bookseller Inventory # DADAX0071345566
Book Description McGraw-Hill 2001-05-23, 2001. Hardcover. Book Condition: New. 1. 0071345566. Bookseller Inventory # 514120