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Trade Stocks and Commodities with the Insiders: Secrets of the COT Report (Wiley Trading)

Customer Reviews:

A Pro's point of view

By M. Hamilton - November 14, 2005

I just finished reading Mr. Williams book. I do not know Larry and I have never taken any of his courses. This is the second book I have read by him and I loved it. It is interesting to read other reviews and how they like it or dislike it. Most of the opinions seem to be based on whether or not Larry's ideas mesh with their own view of the markets. I trade Bond futures short term, they fit my style. This book deals with a longer term horizon than what I am used to, but, I could'nt put the book down. In my estimation its easier to identify short term moves, yet Wall Street and the general investing public's obesssion lies in trying to guess where and when the markets next big move is going to come. As a short term trader, I can use the COT data he points out as a high probability set up to formulate my game plan. I want the best odds possible. Larry does a great job testing data with no assumptions to get real, usable data that could have a significant monetary value to your... read more

Interesting discussion, some indirect sales pitch

By Sreeram Ramakrishnan - September 21, 2005

At first, skimming through the book was disappointing...There is virtually no discussion on trading stocks per se. The title is slightly misleading in that respect. However, if you are a commodity trader, it is likely that this book will reinforce some of the basics, and then provide additional insights into using the COT report to arrive at more "reasonable" trade decisions. A good portion of the introductory chapters deal with what the COT report contains and what to look for. Then, the author discusses the impact of actions of various groups' (commercials, being the primary group of interest) trading actions/biases. Issues related to volume, open interest, etc are dealt with interestingly. The central theme of the author does seem to advocate a very contrarian approach for most of the time, and the interpretations of the indicators he discusses support such an assessment. In addition, there is some indirect/subtle, not-so-annoying marketing of the author's products/website... read more

Valuable insights from a market master

By T. McGavin - December 17, 2005

In my opinion, this is Larry's best work yet. It is a trend-followers answer to retracement entries and gaining insight into which trends may be sustainable.

For stock traders, don't miss the point like some of the earlier reviewers did. If you are chasing beta, then this work will assist you. For example, many stock sectors will respond to a move in the underlying commodity, from the bond sensitives through to resource stocks.

With the growing importance of the trend followers to take markets to extremes, Larry's new work filters out the occassions when the commercials are not in control, ie, when they make up a low percentage of open interest.

All serious market participants should find this work insightful.

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AVAILABILITY
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