George Angell ’s is widely considered a foundational text for anyone looking to navigate the high-stakes world of commodities and futures. Originally published in 1986, Angell provides a comprehensive roadmap that bridges the gap between novice mechanics and professional strategy.
A major theme: Most traders fail not because of bad systems, but because they lack discipline. Angell emphasizes: winning in the futures markets by george angell pdf
Angell pioneered a strict risk management protocol known informally as the "10-Point Rule." In the volatile futures markets, he argued that most winning trades move quickly in your favor. If you are in a trade and it moves 10 points in your favor (adjusted for the specific contract), you should not let it turn into a loser. His rule was: " Winning in the Futures Market " George
: Digital versions and summaries are often found on platforms like Internet Archive Author Credentials Angell emphasizes: Once you have a profit, protect
A simple pattern Angell popularized: If a market makes a new high for the day but closes below the previous period’s close (on a 5-minute or 30-minute chart), a short-term reversal may occur. He used this for scalping.