When Supertraders Meet Kryptonite,9780934380768

When Supertraders Meet Kryptonite

by
ISBN13: 9780934380768
ISBN10: 0934380767
Format: Hardcover
Pub. Date: 2002-01-01
Publisher(s): Traders Pr
List Price: $35.00

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Summary

A trader decides at the last minute that he can wait until Monday to liquidate his huge grain position. Torrential rains follow---the decision costs him two million dollars.
A company head conducts business in Europe, unaware that back home, an underling has gone crazy with his money in the bond pit. The official's loss--$1.25 million.
Three traders in different parts of the country get blindsided in the same stock takeover. They all lose despite the fact that one of them is positioned opposite the other two.

When Supertraders Meet Kryptonite recounts it all--the ups, the downs--the rebounds. Learning from the losses of others is, perhaps, the most instructive learning experience. Until this book, there was no work dealing exclusively with losses and how to cope with them.

Thirty-five brave, forthright and articulate traders address this subject headon. The result is a must-read for anyone who has ever put on a position and wondered, "My God, what do I do now?"
Interviews with:
Bill Beach, Steve L. Miller, Walter Bressert, Tony Saliba, Teresa L

Author Biography

Art Collins has been a Chicago Board of Trade member for thirteen years. A Northwestern University graduate, Art has been a long-standing guitarist/songwriter with the satiric rock band, the "Cleaning Ladys." The band has appeared on MTV and the Doctor Demento radio show. Art holds a black belt in Tae Kwon Do

Table of Contents

Foreword
Publishers Comments
Acknowledgments
Preface
A Personal Fiasco
"I Was Out 45 Ticks by the Time I Puked Them."p. 10
"I Remember the Day I Had $5600 in My Account. This Was Down From Well Over a Million Dollars"p. 21
"...And Then I'd Have the 'Walk-on-Water' Complex..."p. 29
"I Grabbed a Baseball Bat and Was a Hair's-Breadth Away From Bloodying His Skull."p. 37
"I Prayed for One Thing--That When I Liquidated Everything, I Wouldn't Owe the Firm Any Money."p. 47
"I Was Beginning to Believe My Own Bull S---."p. 55
"No Matter What Happened, I was Going to Follow the System."p. 63
"It's Not Hot Enough. It Can Never Be Hot Enough."p. 71
"I'm Trying To Be Short A Market That Basically Has The Whole World Cheering For It."p. 79
"Give Me All The Obsessive-Compulsive People You Can."p. 87
"It's Better For The Board Of Trade To Survive Electronically Than To Fall On The Sword Of Open Outcry."p. 95
"It Was Like I Was Tied To A Post, And They Were Shooting At Me With Shotguns."p. 107
"It's Like Comparing Battle Scars With Each Other, To Prove That You Have Earned The Right To Be A Gladiator In The Marketplacep. 115
"It Looked Like It Was Just Printing Money."p. 123
"I Just Walked On The Floor And Heard That Noise."p. 129
"I'm Grabbing Him, And There's Spit Flying Everywhere."p. 137
"I Was Like A Zombie Thinking 'What In The Hell Just Happened'."p. 147
"I Would Make Money For Four Days, And Then On The Fifth Day, I Would Blow Everything."p. 157
"He Said I Should Get Myself Back To Chicago."p. 165
"I Wasn't Going To Be The Wealthiest Guy In The Graveyard."p. 173
"It Didn't Fell Devastating."p. 183
"I Had My Approach Down To Where It Was Almost Like A Batting Average."p. 191
"Opinions Are Often Wrong, But Markets Never Are."p. 203
"I've Learned More From The Mistakes Of The Big Traders Than I Did From How Good They Were."p. 211
"The Market Doesn't Stop Just Because You're Stuck."p. 223
"I Was In Sixth Gear, Going Full Throttle, And I Forgot To Pull Back."p. 231
"It's Harder To Be A Trader Than It Is To Be A Test Pilot Because You Have To Live With Your Consequences."p. 239
"I Wanted To See What It Was Like To Trade A Fifty Lot."p. 249
"The Biggest Mistake A Trader Makes Is Trying To Defend A Position."p. 257
"They're Ringing Bells, Something's Wrong."p. 263
"I Wanted To Get My Money Back In Pretty Much The Way I'd Lost It--Rapidly."p. 269
"Buy A Creeper, Sell A Leaper."p. 277
"I'll Muscle The Market When I Should Have Just Gotten Out And Gone On To A Better Trade."p. 283
"The Wildness Lies In Wait."p. 291
"You Can't Let Liquidity Force You To Change The Way You Trade."p. 301
Summary: Recurring Kryptonite Encountersp. 313
Table of Contents provided by Ingram. All Rights Reserved.

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