What do you think?
Rate this book
Street Smarts: High Probability Short-Term Trading Strategies
Published in 1996 and written by Larry Connors and "New Market Wizard" Linda Raschke. This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies. Among the methods you will be taught * Swing Trading - The backbone of Linda's success. Not only will you learn exactly how to swing trade, you will also learn specific advanced techniques never before made public!
* News - Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders.
* Pattern Recognition - You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves.
* ADX - In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator.
* Volatility - You will learn how to identify markets that are about to explode and how to trade these exciting situations.
* Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!
* News - Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders.
* Pattern Recognition - You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves.
* ADX - In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator.
* Volatility - You will learn how to identify markets that are about to explode and how to trade these exciting situations.
* Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!
239 pages, Hardcover
First published January 1, 1996
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 13 of 13 reviews
October 1, 2020
Excellent book. The book was written in a conversational format, similar to the market wizards series and it makes the book very easy to read. The setups discussed were specific and they cater to the US futures/commodities/equities market. The setups are generally higher highs/lows for longs and vice versa, range contraction/expansion, divergences and reversals. Some trades last within minutes and some for a few days. The book also highlights the importance of recognising strengths/weaknesses at market open/close and how to profit from it. If you have been trading for a while, you may add a thing or two to your arsenal. If you are new, you may choose to pick one or two and go from there, though some of them are pretty outdated.
Personally the setups were good, but the real gem in this book are the nuances discussed by the two traders. Their thoughts, routines, do's and dont's are incredibly valuable. The emphasis on proper money management is enforced throughout the book, and an interesting study about money managers is discussed at the end of the book.
Personally the setups were good, but the real gem in this book are the nuances discussed by the two traders. Their thoughts, routines, do's and dont's are incredibly valuable. The emphasis on proper money management is enforced throughout the book, and an interesting study about money managers is discussed at the end of the book.
September 24, 2016
Interesting book with helpful tips on short term trading strategies.
This book doesn't waste time and goes straight to Setups, examples and Pros and Cons which I liked. I guess for me my favourite setup I could take from this book is the Turtle Soup setup which is explained so simply that anyone can attempt it (but mastering the trades would takes a lot of hard work).
Lot of the setups I skimmed/skipped through as these were specifically focused on intraday (day) trading or trading the US Stock markets. However, the explanation behind their strategies is helpful to know.
This book doesn't waste time and goes straight to Setups, examples and Pros and Cons which I liked. I guess for me my favourite setup I could take from this book is the Turtle Soup setup which is explained so simply that anyone can attempt it (but mastering the trades would takes a lot of hard work).
Lot of the setups I skimmed/skipped through as these were specifically focused on intraday (day) trading or trading the US Stock markets. However, the explanation behind their strategies is helpful to know.
August 25, 2018
Smart
In this book, the authors talk about a few trading strategies and the philosophies required when investing and trading.
Mostly, the authors have written about swing trades in equities and commodities, and how referring different types of charts can help in augmenting returns and profits.
There are more than 15 strategies one can use for intraday trades, swing trades in both equities and commodities, and in the philosophical section they have mostly, talked about how to react to the NEWS, how to be proactive, how to try to reach the breakeven point in trading, and lastly, how to be consistent for a longer time.
Do read this book, as it's many charts and graphical representations. For traders and investors, it's a must-read book.
Akshat Solanki
In this book, the authors talk about a few trading strategies and the philosophies required when investing and trading.
Mostly, the authors have written about swing trades in equities and commodities, and how referring different types of charts can help in augmenting returns and profits.
There are more than 15 strategies one can use for intraday trades, swing trades in both equities and commodities, and in the philosophical section they have mostly, talked about how to react to the NEWS, how to be proactive, how to try to reach the breakeven point in trading, and lastly, how to be consistent for a longer time.
Do read this book, as it's many charts and graphical representations. For traders and investors, it's a must-read book.
Akshat Solanki
February 4, 2018
Tricks for short term trade
October 21, 2018
Forget about the set ups (great). Perfect example of what goes behind a pro mind.
March 23, 2024
Not what I expected to be... but I found a few chapters insightful.
June 13, 2024
Simply fantastic. I had little interest in copying Linda's strategies, and even so I got some nice information out of this book.
December 6, 2024
first half of the book is what you need
January 21, 2025
Practical even 25 years later. LBR still teaches and trades to this day; truly a legend. Looking forward to testing some of the concepts from the book.
March 14, 2017
Great book for day traders (few books out there written by real day traders). Some outdated concepts, but the spirit of the strategies remain valid.
September 28, 2015
A clear masterpiece for day trading; full of original unprecedented ideas that are used by other famous writers such as Jeff Cooper in their books.
Turtle Soup is my own favorite setup that I use everyday in Forex markets.
Turtle Soup is my own favorite setup that I use everyday in Forex markets.
December 22, 2019
This is for the very short-term and creative trader who is not me. The straightforwardness of the presentation entails mastery.
Displaying 1 - 13 of 13 reviews