THE PROFESSIONAL COMMODITY TRADER by Stanley Kroll

THE PROFESSIONAL COMMODITY TRADER

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KIRKUS REVIEW

Even with most of the necessary conditions present for a 1929-type worldwide financial smash, there is no shortage of get-rich-quick schemes. And now that the stock market is depressed, commodity traders like Stanley Kroll are jockeying for whatever loose investment capital may still be around. Commodities (that's wheat, cotton, soybeans, cocoa, silver, copper, and so on) have performed well in the last couple of years as you can see from the ""batting average"" Kroll offers as his credentials. Though he's been in the business fifteen years, here he covers only the period July 1971 through January 1974 -- a boom period for everybody -- but a turnabout, by the way, is already here. Kroll is a dedicated chartist, believing that the news follows the market rather than vice versa -- the sort of thinking that makes the most out of riding a bull market but is not as useful in leaner times. Nothing excites Kroll more than a big killing and he recounts his ""capers"" with a characteristic gusto: ""Why do I do it? Well, I made $27,000 last week -- how's that for a good reason?"" For that pie-in-the-sky audience.

Pub Date: Sept. 25th, 1974
ISBN: 0934380260
Publisher: Harper & Row