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The Four Cardinal Principles of Trading by Bruce Bab...

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Item number:230387987653
Item location:Gardnerville, Nevada, United States
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Item specifics - Nonfiction Books
Author: Bruce BabcockPublisher: Irwin Professional Pub
Edition Description: IllustratedISBN-10: 0786310103
Subject: Business & EconomicsISBN-13: 9780786310104
Topic: General BusinessFormat: Hardcover
Language: EnglishPublication Year: 1996
Condition: Brand NewSpecial Attributes: 1st Edition
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Detailed item info
Size
Length:224 pages
Height:9.5 in.
Width:6.5 in.
Thickness:1.0 in.
Weight:19.2 oz.

Publisher's Note
Professional traders utilize a wide variety of approaches to attack the markets. Regardless of the approach, virtually every top trader abides by four key principles: 1. Trade with the trend; 2. Cut losses short; 3. Let profits run; 4. Manage risk. In The Four Cardinal Principles of Trading, trading expert Bruce Babcock fully explains each principle and shows readers many alternatives for implementing the principles in their own trading. Consisting primarily of interviews with top traders, the book demonstrates that while there are many ways to trade, nearly all successful methods incorporate these axioms in some way. Featuring interviews with trading stars such as Larry Williams, Jack Schwager, and Jake Bernstein, the book is filled with dozens of important insights.
Successful traders utilize a wide variety of approaches to attack the markets. Irrespective of the approach, virtually every top trader abides by four key principles: trade with the trend, cut losses short, let profits run, and manage risk. In this eagerly anticipated book, trading expert Bruce Babcock fully explains each of these principles and shows readers how to implement the four principles in their own trading. Consisting of a series of interviews with top traders, Babcock demonstrates that while there are many ways to trade, only those traders who rigorously apply the four principles will achieve lasting success. Featured traders include Jack Schwager, Larry Williams, and Tom Aspray. All traders, from rank beginners to seasoned veterans, will enjoy and benefit from this important new book.

Industry reviews
During the period when corporate workforces are being downsized, the fundamental guide to making a profit has proliferated from the simple Buy Cheap Sell Dear, to the four principles of the subtitle. Taking each principle in turn, Babcock interviews some of the top commodity traders to demonstrate the wide range of alternatives for implementing them. No bibliography. Annotation c. by Book News, Inc., Portland, Or.
Reference & Research Book News  (09/01/1996)


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