Murray Ruggiero, Adrienne Toghraie - Traders Secrets

443 Pages·2007·5.54 MB·English

Psychological
&
Technical Analyses
Real People
Becoming Successful Traders
Murray A. Ruggiero, Jr.
Adrienne Laris Toghraie
Foreword by Alpesh B. Patel - author of Mind of a Trader
On Target Press
100 Lavewood Lane
Cary, North Carolina 27511
A Division of Trading on Target
Ruggiero Press
18 Oregon Avenue
East Haven, CT 06512
A Division of Ruggiero Associates
First Published in the United States January 1999
Second Printing July 1999
© Trading on Target
© Ruggiero Associates
The right of Adrienne Laris Toghraie and Murray Ruggiero to be identified
as authors of this work has been asserted by them in accordance
with the Copyright, Design and Patents Act.
ISBN 0-9661837-3-8
All rights reserved: no part of this publication, unless
indicated may be reproduced, stored in a retrieval system, or
transmitted in any form or by any means, electronic, mechanical,
photocopying, recording, or otherwise without either the prior written
permission of the Publishers or a license permitting restricted
copying in the United States issued by the
Copyright Licensing Agency Ltd.
This book may not be lent, resold, hired out or otherwise disposed of by way
of trade in any form of binding or cover, without the prior consent of the
Publishers.
ii
MURRAY A. RUGGIERO, JR., is president of Ruggiero
Associates in East Haven, Conn., a firm which specializes in the
development and testing of market timing applications using state-
of-the-art computer technologies.
One of the world's foremost experts on using intermarket and trend
analysis to locate and confirm developing price moves in the
markets, Murray has been called "The Einstein of Wall Street" by
those who know the value of his amazing work.
Some say Murray comes by his analytical abilities naturally, having
been raised around the research laboratories of Yale University by a
father who held 29 patents. Whether that tale is true or not, Murray
is one of those rare individuals who loves dealing with statistics and
mathematical data, and he thoroughly enjoys the challenge of using
that data to help solve real-world trading problems.
Murray's personal and work history reflects his attraction to
mathematics. In college, he earned his degree in Astrophysics
hardly a major for the mathematically challenged.
After college, Murray began working on neural net and Artificial
Intelligence (AI) systems for applications in the investment arena.
iii
As a result of that work, Murray's reputation as a system developer
quickly grew, and it wasn't long before some of the most powerful
names in the investment world came to him for help.
John J. Murphy, the "Father of Intermarket Analysis," noticed
Murray's work early on, and on several occasions invited the young
analyst to appear as a guest on his CNBC television show. Murphy
remains one of Murray's staunch supporters, openly applauding the
practical applications of his work.
Business Week magazine recently featured Murray as one of the
nation's leading experts on using neural networks in finance and
investing.
Dozens of high-profile traders and professional money managers
seem to agree; they come to Murray for analysis and systems
development work on a regular basis.
Unlike many in the ego-driven investment world, Murray has no
desire to keep his research results only for himself. He has published
more than 50 articles on Intermarket Analysis and other subjects
over the years, in Futures magazine, Omega magazine and several
other prestigious periodicals.
Murray's first book, Cybernetic Trading, revealed details of his
market analysis and systems testing at a level seldom seen in the
investment world. Reviewers were universal in their praise of the
book, and it became a "best seller" among systems traders, analysts
and money managers alike.
In addition to his other published works, Murray's own bi-monthly
Inside Advantage newsletter includes not only the results of his
analysis and system testing, but also the computer code that allows
readers to input his systems into their own computers. Murray's
willingness to openly share "proprietary" information is like a
magnet to traders, attracting thousands of subscribers worldwide.
iv
ADRIENNE LARIS TOGHRAIE, MNLP, MCH, is a traders
coach, an internationally recognized authority in the field of human
development and a master practitioner of Neuro-Linguistic Program
ming (NLP) for the financial and business communities. She is the
founder and president of Trading on Target and Enriching Life
Seminars, two companies dedicated to helping traders, sales people,
and other high achievers to dramatically increase profits and success
in all areas of life. Using her 20 years of study in the science of
Modeling Excellence, Neuro-Linguistic Programming (NLP) and
numerous other forms of psychological development, Ms. Toghraie
has helped her clients to push through their self-imposed limitations
to extraordinary and documented new levels of success.
Over the past nine years, Adrienne Toghraie has interviewed and
coached the most successful people around the world: What makes
these great people unique? What makes them so successful? The
answers to these and other questions are explored in her seminars,
books, and tapes, which form the core of Ms. Toghraie's Modeling
Exccllence work with professionals who want to reach higher levels
of success. Ms. Toghraie's public seminars and private counseling
have achieved a wide level of recognition and popularity, as well as
v
her television appearances on CNBC and keynote addresses at most
of the major industry conferences.
Adrienne's articles and interviews have been featured in most of the
major financial trade magazines and newspapers throughout the
world. She has authored Get A Life: Treasure Diary for Creating
Wealth and Happiness, The Winning Edge 2: Traders' and
Investors' Psychological Coach in a Book, and Dear Coach Potty
Training for Traders, Brokers & Investors, and co-authored The
Winning Edge: How to Use Your Personal Psychological Power in
Trading and Investing with Jake Bernstein.
Table of Contents
About the Authors iii
Dedication ix
Acknowledgment xi
Foreword xiii
Introduction xv
Modeling Overview 423
Where do you go from here? 424
Resources and Services 425
Chapter 1: Yousef Hashmi 1
The Canadian Don Quixote
Interviewed June 1998
Chapter 2: Glen Ring 27
A jack of all traders
Interviewed March 1998
Chapter 3: Herb Drechsler 61
Never too old
Interviewed January 1998
Chapter 4: Sheldon Knight 85
A knight in technical armor
Interviewed March 1998
Chapter 5: Stelios Christakos 125
A gifted Greek
Interviewed June 1998
Chapter 6: Bob Watson 151
The Zen trading warrior
Interviewed August 1998
Chapter 7: Ed Pomeranz 187
Caviar to schnitzel
Interviewed September 1998
Chapter 8: Neal Dietz
213
The "Systems Man"
Interviewed February 1998
Chapter 9: John Fritz
243
Born to be special
Interviewed March 1998
Chapter 10: Alta Wood 273
Living the real bull market
Interviewed August 1998
Chapter 11 : Al Gerebizza
295
His own genie in a bottle
Interviewed May 1998
Chapter 12: Mike Battle
325
Sticking to his guns
Interviewed July 1998
Chapter 13: Scott Krieger
357
West meets East
Interviewed February 1998
Chapter 14: Tom Bierovic
On the road again 391
Interviewed February 1998
viii
Dedicated to:
Our Clients
ix
x