Street Smarts

Positive Review of Book

Six years ago I decided that I wanted to get into the listed derivatives field and have since that time devoured a great many trading texts whilst at the same time being employed in the industry. One of the great difficulties faced by the trader looking to build on his/her knowledge base is the glut of books in recent years and therefore which to choose. However, having built up a quite considerable library, this is the book that I place above all others. Until reading Street Smarts I was a breakout follower, familiar with all the standard charting patterns but relatively unfamiliar with the concept of swing trading.

The benefits are twofold in that stops become tighter and secondly profitable trades become more so than previously because they are entered into earlier. Linda is one of the most successful independent traders in the US and fortunately forthcoming with practical trading strategies, something that is hard to glean from the other 'market wizards.' It's an excellent education for a comparatively small cost.

Negative Review of Book

I applied some of the techniques presented in this book and lost big time! Either the methods described in this book are outdated or more likely the author has sold me a bill of goods. More than likely it is a combination of the two. It's amazing how we men accept on face value a claim by a blonde trader whom I now learn makes more money promoting books and seminars than she does trading. Go ahead check it out by going to the CFTC site and type in the author's name and see that she was forced to shut down her fund since she lost more than half the funds. Caveat emptor is alive and well.

Author Biography

Linda Bradford Raschke is President of LBRGroup, Inc., a registered CTA and money management firm and president of LBR Asset Management, a CPO. She began her professional trading career in 1981 as a market maker in equity options. In addition to running LBRGroup’s CTA program, she is the principal trader for the Granat Fund.

Ms. Raschke was recognized in Jack Schwager’s critically acclaimed book, The New Market Wizards, and is known for her own top selling book, Street Smarts – High Probability Short-Term Trading Strategies. She has been featured in dozens of financial publications, radio and financial television programs, and has served on the Board of Directors for the Market Technician’s Association and is currently Vice President of the American Association of Professional Technical Analysts.

Ms. Raschke has presented her research and lectured on trading for the Managed Futures Association, American Association of Professional Technical Analysis, Bloomberg, Market Technician’s Association, International Federation of Technical Analysis, Canadian Society of Technical Analysts, TAG, Omega World, International Online Trading Expo, AIQ, Futures Conference, Carlin Equities and has lectured in over 16 different countries for Dow Jones/Telerate.

Table of Contents

1. Part 1: Tests
• Turtle Soup
• Turtle Soup Plus One
• 80-20's
• Momentum Pinball
• 2-Period Roc
2. Part 2: Retracements
• The Anti
• The Holy Grail
• ADX Gapper
3. Part 3: Climax Patterns
• Whiplash
• Three-Day Unfilled Gap Reversals
• A Picture's Worth a Thousand Words
• Wolfe Waves
• News
• Morning News Reversals
• Big Picture News Reversals
4. Part 4: Breakout
• Range Contraction
• Historical Volatility Meets Toby Crabel
5. Part 5: Market Musings
• Smart Money Musings
• More Words on Trade Management
• Be Prepared!
• Final Thoughts
• The Secrets of Successful Trading

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