Be a Winner Trading Commodities

I am a professional coder .. and within 15 pages started coding his concepts. They work! As well this book is an easy read. Dr. Fessenden is thorough. I as well have adpated the overall concepts and applied them to other trading strategies. I found many applications outside of the ones suggested. This book should be part of your collection.. even if you choose not to trade this mehtod the concept is novel. And as I stated .. it works... always -- even tested it at the worst trade timing just to see - still worked.. Though.. as in all things you have to be patient for the right setup to have the least risk.

As a broker supporting scale traders, I am acutely aware of the carnage the markets have wreaked upon scale traders during 1998 and 1999. Fessenden's book comes along at just the right time with sorely needed recommendations for methods that aim for reducing drawdowns and increasing potential profits. The key to success in scale trading, especially when prices are falling, is RESTRAINT, RESTRAINT, RESTRAINT. This book helps scale traders exercise restraint by buying fewer contracts at lower prices and in situations where prices are rebounding. The book has an academic tone, unlike the original book on scale trading. It may not be the best basic introductory text on scale trading, but anyone attempting to scale in an era of declining prices should not be without this book.