Many traders feel that the key to successful and profitable trading lies solely in finding the “perfect system,” or at least a highly profitable trading method. They fail to realize, and never learn, that without understanding themselves, and mastering the psychological aspect of trading, they will never be truly’successful. Without the proper discipline and dedication, any system or method becomes ineffective. In Viewpoints of a Commodity Trader, the attitude, mental discipline, and philosophy required to become a successful trader are explored by veteran trader Roy Longstreet.
The psychological aspect of trading is considered by many to be the most important. In this classic, veteran trader Roy Longstreet explores many areas that are of psychological significance to the futures trader and offers guidance on how to deal with each effectively.
This is a behind the scenes book in the strictest sense of the phrase. When Roy Longstreet was first confronted with the question: If you know so much about commodity trading, then why aren’t you rich? He determined that the best answer would be a conspicuous measure of financial success in the trading of commodities futures. That he achieved his objective is evident, because now he is the head of the largest brokerage firm in the country dealing exclusively in commodities.
The techniques and the methods he employed over the years to achieve financial success is what is important to the reader and in this book we have those methods ably described by Mr. Longstreet. His approach to commodity trading is more fundamental than technical. He believes that psychology plays a basic role in the movement of commodity prices. As a matter of fact, he has often expressed the desire to hire a psychologist to apply specialized knowledge and find out what people who trade commodities think and why they make the mistakes they do.
Roy Longstreet’s views will prove to be invaluable for those who want to increase their financial standing along intelligent, crystal-clear and forthright lines. As publishers of many books in the financial field, we recommend Roy Longstreet’s book to you.
- Making Money With Money
- Trading Is an Art
- Fighting a Market
- Stress Point
- Running Scared
- Hope (less) Trading
- Keeping Score: Calculating Risk
- Commodity Trading, a Service
- Declining Commodity Markets
- Spread Trading
- Trading the Fundamentals
- Chart Trading
- Charts Plus Fundamentals
- Thinking and Learning
- Weather Markets
Viewpoints of a Commodity Trader By Roy W. Longstreet pdf