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Rating: 
Summary: Best I've read...and I've read a few
Review: By far the best trading book I've ever read. Clearly written, well thought out, and to the point. Mr. Yoder seems to be an extremely intelligent guy who has learned how to profitably trade through years of experience. His "units" money management concepts are uniquely his own and worth the price of admission. For the first time, I have a confidence about what I am doing and why...and I'm making money!!!On a 1* to 5***** scale, I give it 6******!
Rating: 
Summary: *** LOOK ELSEWHERE ***
Review: I wasted my money on this book, but I didn't waste my time -- at about page 40, I started to skim thru the rest of it. The book contains the usual caveats and recommendations concerning money management, except for a "Rule of 10," which
really did not fit in. Basic explananations included are chart patterns, support and resistance, and candlestick reversals. Then, fully 94 pages are devoted to a self-indulgent log of 6 weeks of trading by the author, listing subjective interpretations of events in making trading decisions. How we are to become "masters of futures trading" by reliving this undisciplined hodgepodge, I do not know. If you have not already done so, investigate the books of Perry Kaufman, Alexander Elder and Jacob Bernstein, and get your time and your money's worth.
Rating:
Summary: Excellent Book....
Review: in which Mr. Yoder presented his approach to trading futures and the setups he pulls trigger on. His methodologies may not work for everyone, but his presentation of them is clear and down-to-earth. You may scoff at the simplicity of his trading style, but, if you ever traded for a period of time, you know that every word he writes about his trading experience rings true.
Mr. Yoder elegantly summarizes the mastery of futures trading by quoting a beautiful passage from Mark Twain's "Life on the Mississippi," in which Twain remarks:
"Now when I had mastered the language of the water and had come to know every trifling feature that bordered the great river as familiarly as I know the letters of the alphabet, I had made a valuable acquisition. But I had lost something, too....All the grace , the beauty, the poetry had gone out of the majestice river!"
The same is true of trading. Once you have mastered the "language" of trading, i.e., learned to process the signs that the market presents to you unemotionally, all the mystery of trading is gone. What remains is just your trading plan, your setups and your stops--no excitement and no holy grail, just routine.
Rating:
Summary: watch a good trader at work
Review: This book is the best of trading books: First, it has excellent theory about set-ups, trading psychology and identifying good and bad streaks in the market for your individual style. Second, it follows the author and lets you watch over his shoulder as he executes trades over the course of some days in 2003. The emphasis is on S&P and treasury futures but the principles apply to any futures trading. The prose is very readable. The author explains where to place stops, and focuses on his style which is largely swing trading -- selling from support into resistance or from resistance to support. It has helped me trade better and it will help a lot of people who are getting started in futures trading.
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