Looking for Everett Klipp book EEK

December 15th, 2018, 11:07 AM

Hi, I am looking for Everett Klipp book "Eek", which was published by Adams Press (1995) and is out of print.

Everett Klipp (1926–2011) was known as the "Babe Ruth" of the Chicago Board of Trade, and a mentor to Frank Peard, John Horner, Mark Spitznagel and countless other floor traders.

I will be happy to buy a copy of the book or if someone has a pdf version it will be great if he can share.

Thank you.

May 18th, 2019, 12:28 PM

Manuil--EEK was written as a personal life memoir for our family and Dad's friends. There is no in-depth info about Everett's trading method. It boils down to "love to lose money" meaning loving losses so much that you take them immediately every time, resulting in numerous small losses. "Hate to make money" refers to hating to take a profit, so let profitable positions ride, with a trailing stop. (Brett Steenbarger wrote that Klipp took profits quickly, which is not correct.) This is a fairly common strategy, but Everett phrased it in a novel way. Its success requires absolute discipline, which few humans possess!
There is more discussion of Everett's trading in "The Dao of Capital" by Mark Spitznagel, Chapter one "The Daoist Sage, Klipp's paradox".
The Board of Trade was a fantastical place in Dad's day. Imagine standing face to face, in a pit, with all who are bidding and asking. The advantage was that they all knew each other.They knew one another's trading style, history, skills, foibles and personality. They were "the market". Everett loved every minute!
Good luck with your trading!

June 24th, 2019, 02:21 AM

Hi Squig, thank you for your reply and valuable information. I am not looking for the Everett's method, but rather the mental attitude and routine/practice to prepare and trade in such highly competitive discipline.

I will be extremely thankfull if you can share with me the book in pdf/scanned or hardcopy. Alternatively if you share your memories or knowledge for your dad mental preparation and daily routine, it will be amazing if you can share with us on this forum.

Since your dad was a huge volume trader and teacher of CharlieD (I have learned about Everett from a book about CharlieD and particularly quoted by a trader called Tom Hougaard), I am sure he was a legendary pit trader and every advice on the psychological attitude and structure he used would be helpfull for anyone.

Thank you for your time to respond.

Looking for Everett Klipp book EEK

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Looking for Everett Klipp book EEK