Trading Chaos: Maximize Profits with Proven Technical Techniques 2nd Edition

Read it, and absorb it. You are not trading against the market, you are trading against yourself. Great book by great people. Read this book and change your life. RIP Mr. Williams.

I read the first edition before I read this second edition, and I'm glad I did. The two complement each other. If you're new to trading, get a copy of the first before you read the second.The majority of this book addresses trading psychology. Be prepared for that, because the "real advice" starts around the midpoint. But it's all real advice, really, and it's worth considering what the authors are really trying to say. The first edition is also valuable for this reason.If you're interested in the Chaos Theory portion, don't miss some of the live lectures Bill did that are up on YouTube. Really interesting stuff. I like his argument about the market being a natural construction rather than an artificial one. If you can wrap your head around that, a lot of the other points become downright spooky.I'm grateful to have stumbled upon the first edition, those videos and now this book. It's helped a lot. RIP, Bill.

A great book for every must read trader. I would've gave this book a 5 star rating only if they had produced the charts in color to make for easier understanding than my having to color it. The explanations were great though I had hoped the author would label the charts to what he was referring to, and some of the explanatiosn seemed to contradict how he chose some trades. Otherwise than some of my complaints, it's a must read book.

Once again Bill Williams and now his daugther, Justine, too, have contributed another advance in the field of trading stocks and futures. Dr. Williams' insights and advanced chaos theory techniques move traders to work in sync with the changing nature of the markets. Going with the flow and surfing the waves of the markets is now easier than ever. It's interesting to note that in this new book, the chaos-derived indicators (alligator, AO, and fractals) are not changed, but the way to interpret their information is adapted to take advantage of the choppier 21st century markets, compared to the go-go '90's markets. This new interpretation seeks to capture profits from short-term swings in the market, entering the market much closer to the turning points of each wave (fractals) and aggressively scooping up profits before the short-term swing runs its course. This method also reduces risk to the span of a single bar. Also included with even more emphasis than in previous books, are methods to adapt the mind of the trader to the ebbs and flows of the market, rather than the emotional fear-based reactions that most of us are prone to in our trading. I've had the privlege of attending one of Profitunity's intimate trading workshops (with 4-8 others) and witnessing Bill's trading first-hand. It was immediately obvious to me that here was a genius at work. I highly recommend this book to any trader who wants to "make winning the path of least resistance." My only criticisms are that this book should have a different title, since it is not a new edition of the first "Trading Chaos" book, and would not replace that seminal work. The new book has entirely different info and deserves its own place in the series. Perhaps "Trading Chaos in the 21st Century" or something like that. I would also like to see more guidance on how to integrate the techniques from the first two volumes with the new approach taken in this book. Clearly they are all compatible, yet forging an integrated system will take some effort on my part. Then again, maybe that's for the best. I know that if I didn't contribute to my own trading system in some way by adding to what Bill has pioneered, then I would feel incomplete. I suspect that many other traders would feel the same way.

I am a BIG believer in Bill Williams and his body of work.I have personally met with Bill, taken his home study course and even attended a private tutorial. Bill is the real deal. He is a *highly* profitable trader and Bill trades EXACTLY like he describes in his books (simplified over time, so Trading Chaos, 2nd Ed. is the LATEST and most refined method).If you just want to trade with no other background information, Buy Trading Chaos, 2nd Edition (not this book) and start with chapter seven. When you get to the end of the book, you'll say, "That's it?!?! Than can't be it!" That's what I said. I then went on to take his home study course (13 weeks) and then went to a private tutorial. 95% of the methodology is IN THE BOOK! The more advanced stuff is for those who are scaling into positions and want more aggressive money management techniques.Who am I to say this works? I started trading Bill's techniques from scratch. In LESS than 6 months I was up 95% in a medium sized account. I found some like-minded investors and we started our own Hedge Fund (more specifically, a commodity pool). I called Bill personally and he spoke with me at length about how I should flow into and out of my positions, etc. He went far above and beyond the call of duty. I cannot speak to how well my Pool is doing (not legal to disclose - considered solicitation of investors), so I cannot give figures of returns for the Pool.Buy Trading Chaos 2nd Edition and then buy "New Trading Dim mentions" (his second book) and read chapters 9 - 11. Those chapters will give you more ideas of the SCOPE of just what is possible when you simplify your trading and align it with natural market tendencies (chaos principles).Good luck and Good Trading!-- Q

È sicuramente un punto di riferimento degli anni passati, l'ho trovato obsoleto rispetto al mercato odierno, in definitiva tradare il caos in apertura dei mercati potrebbe dare qualche soddisfazione ...ma come sempre dipende dalle circostanze che sono sempre da valutare attentamente.

Those who have patience to study the material and apply the rules will reap abnormal profits.

I loved the phsicollagy part of the book, it was deep and very informative and interesting.

Muito bom.Ótima leitura para quem esta começando.Indico este livroPrincipalmente para quem quer entender a psicologia de um trader

The authors of this book not only address how the markets can be traded profitably, but how you can personally profit from the markets, if you are open to changing your underlying thoughts about the market, and they will guide you through this process of change. If you what to start your journey to really be one with the markets, this is a guide which will certainly help you! May all that you wish for be the least that you receive.