Description
“Expert Stock Trader” fuses market experience and trading philosophy in a compelling fictionalized account that will entertain as well as profit readers. Through his invented hero, Bayer presents a wide-ranging exploration of chart analysis enriched by a deep understanding of practical market operation.
Uniquely, this classic on stock market analysis, George Wollsten: Expert Stock and Grain Trader considers planetary positions (1943-47)! Bayer, a highly successful German-American trader, drew from astronomy the notion of universal forms such as ellipses for fathoming market cycles upon which his fictional alter ego Wollstein bases investment decisions. The editor reports that someone who computerized Bayer’s ideas enjoyed a 75% success rate.
Introductions:
Two brothers, Jim and George Wollsten and their wives, Grete and Gusty play the major roles in the story. Both had immigrated from Europe. Jim takes up farming. George in the beginning helps him on the farm, but gradually shifts into trading wheat. An Agricultural Year Book brings him on this idea. A neighbor supplied valuable hints to encourage him in studies of economics.
In rapid succession, to everybody’s surprise, he finds important rules for use in practical trading of wheat, as well as of stocks. Each trade commitment he explains carefully why he makes it, why he enters it and why he closes the deal at this time and at no other.
Traders and Customers’ Men are carefully analyzed. Many mistakes made by traders are brought forth how to avoid them. Two full years of trading are gone through. His original capital had increased from $750 to several thousand in spite of a few errors of judgment that were bound to creep in until rectified by additional useful rules discovered in the course of time.
Among the unusual side issues he discovered how to square the circle, something that even Encyclopedias state “is impossible”. He shows how he did it…
While the story itself is interesting, the main subject “how to trade and avoid all the pitfalls of the Pit and of Wall Street” is developed slowly without complicated explanations. Everything is worked up naturally, just like a normal person would go about to take a walk up to a mountain – to success in Wall Street and in the Pit.
Contents:
- I -JIM WOLLSTEN EMIGRATES TO THE UNITED STATES
- II – JIM WOLLSTEN’S FIRST YEAR ON THE FARM
- III – GEORGE WOLLSTEN ARRIVES AT NEW YORK
- IV – GEORGE’S APPROACH TO THE MARKETS
- V – ACTIVITIES DURING THE WINTER 1909-10
- VI – GEORGE WOLLSTEN GOES TO N.Y TO TRADE STOCKS AND GRAINS
- VII – GEORGE WOLLSTEN CONTINUES TRADING IN THE WEST
- VIII – ADVANCED TRADING OF GRAINS AND STOCKS
