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  |  APR 1988

Kaufman on commodity trading

Kaufman on commodity trading Perry Kaufman's first book, Commodity Trading Systems and Methods, was probably the second book I read on trading. I later discovered it to be a classic and it's been an indispensable reference ever since, particularly around the offices of Stocks & Commodities, where ""new"" trading ideas make recurrent appearances. When the revised version came out late in 1987 it stimulated S&C to track down Perry and get a ""state of the trader's art"" report directly from him. After more than the usual thrashing around we finally tracked him down in the sunny climes of Bermuda doing about what you'd expect: system development and price forecasting for TransWorld Oil, Ltd., a large oil trading company operating in both the physicals and futures markets. After thoroughly reviewing the state of the art in his book, staff editor Melanie Bowman and I sat down to chat with Perry about his feelings about trading. —John Sweeney, Editor

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