50 Winning Commodity Futures Spreads

"This is a book that should be in every serious trader's library. If you already spread trade, i.e., statistical arbitrage, you will get many new ideas, and if you do not spread, then you should learn.I have successfully traded for over 40 years and I attribute my longevity and success to the fact that probably 90% of my trading was spreading. It is the Pete Rose style of trading. A lot of base hits and an occasional home run; as opposed to some home runs but a lot of strike outs.When...
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"This is a book that should be in every serious trader's library. If you already spread trade, i.e., statistical arbitrage, you will get many new ideas, and if you do not spread, then you should learn.I have successfully traded for over 40 years and I attribute my longevity and success to the fact that probably 90% of my trading was spreading. It is the Pete Rose style of trading. A lot of base hits and an occasional home run; as opposed to some home runs but a lot of strike outs.When doing spreading you are hedging. The overall direction of the market usually doesn't matter; you are only interested in the difference between the components of the spread. True you won't make as much as you could with an outright position but you also won't lose the farm when you are wrong.I'm certainly not saying that there is no risk in spreading. However, the risks are more manageable than those of an outright long or short position."-Laurence Rosenberg