Curtis Faith has written a book so profound, so valuable that he'll never make in sales an amount commiserate for this gift to the trading community.
This book stands with Reminiscences, The Money Game, Taleb and Schwager (who's interviews are invaluable).
I began as a runner at the CBOT in 1978, just one year after Rich Dennis had left the Soybean pit to trade in his office at C&D Commodities. Even in absence, RD's presence on the floor loomed large. His orders were large enough that he'd move Beans a few cents anytime he got serious about digging in.
As a clerk me and my mates would often eat across the street at the old Broker's Inn. The now obsolete $160,000,000 Bond floor presently sits in it's spot. My friends and me would be ecstatic if Dennis was eating at the same time. RD sat in a reserved booth adjacent to the bar where a ticker tape ran non stop during the session. Ozzie, the elderly black steward would place an old rotary phone on Dennis's table. We all knew that one utterance from Dennis into that plain looking phone could move markets.
Obviously Dennis was a legend on the floor of rock star stature. Given his extremely low key nature it must have been a weird feeling for him to know that an entire institution thought he was God.
Curtis has taken the simple methods taught/traded by Bill Eckhardt and Rich Dennis and explains precisely how they backtest, how they should be implemented, the dangers in not taking signals and great insights on trading/gaming psychology.
Curtis, thank you!
This book stands with Reminiscences, The Money Game, Taleb and Schwager (who's interviews are invaluable).
I began as a runner at the CBOT in 1978, just one year after Rich Dennis had left the Soybean pit to trade in his office at C&D Commodities. Even in absence, RD's presence on the floor loomed large. His orders were large enough that he'd move Beans a few cents anytime he got serious about digging in.
As a clerk me and my mates would often eat across the street at the old Broker's Inn. The now obsolete $160,000,000 Bond floor presently sits in it's spot. My friends and me would be ecstatic if Dennis was eating at the same time. RD sat in a reserved booth adjacent to the bar where a ticker tape ran non stop during the session. Ozzie, the elderly black steward would place an old rotary phone on Dennis's table. We all knew that one utterance from Dennis into that plain looking phone could move markets.
Obviously Dennis was a legend on the floor of rock star stature. Given his extremely low key nature it must have been a weird feeling for him to know that an entire institution thought he was God.
Curtis has taken the simple methods taught/traded by Bill Eckhardt and Rich Dennis and explains precisely how they backtest, how they should be implemented, the dangers in not taking signals and great insights on trading/gaming psychology.
Curtis, thank you!
