KROLL ON FUTURES TRADING STRATEGY
Author: Stanley Kroll, 1988
1818 Ridge Road
Home Road, IL 60430
Kroll made a name and a fortune by running up an $18,000 stake into a $1 million jackpot during the
1970s. He has worked as a commodity specialist for Merrill Lynch and operated his own commodity
clearing firm. His previous books include The Commodity Futures Market Guide and The Professional
The war stories make this book enjoyable. Kroll dissects the charts of both his and others successful and
disastrous trades. He uses a down-to-earth, common sense approach to answer the eternal questions of the
trader: How do you emotionally handle the uncertainty of trading? (Kroll often goes fishing to regain his
composure.) Which technical tools are best? How do you turn a good idea into cash?
Kroll's favorite strategy is to participate only in strongly trading markets, as he has made all his large
wins by participating in major bull or bear moves. Like most modern traders, he uses both charts and
computerized trading systems. Kroll uses a dual market approach, first focusing an opinion as to whether
the commodity being studied is in either a trending or trading range market. J. Welles Wilder's
Directional Movement Index is recommended as a degree of trend indicator.