I've decided I'm in the market for some books on trading. There are hundreds! Are there any out there that have really made a difference to you? Conversely, are there any to swerve?
Grateful for any recommendations. Cheers.
Best trading books
try this
viewtopic.php?f=18&t=78&p=142463
viewtopic.php?f=18&t=78&p=142463
- wearthefoxhat
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- Joined: Sun Feb 18, 2018 9:55 am
The best trading book hasn't been written yet....why would they?
Good question. People often ask it about poker coaches too in the poker world.
I've believed several answers about this and often switch depending on mood.
1. Of course they wouldn't.
But, having said this, I've been on Peter's masterclass, and while it did not deliver the golden bullet, it was certainly useful to me. So perhaps:
2. (Most) people like recognition. They like social interaction. If I got any good, I wouldn't tell anyone or need to, because I really struggle with groups of people. But some people like teaching. Good luck to them!
And
3. They like solid income, from classes and from books. And they figure someone is going to release this information... so it may as well be me, because at least then, I'll be paid for so doing.
I've believed several answers about this and often switch depending on mood.
1. Of course they wouldn't.
But, having said this, I've been on Peter's masterclass, and while it did not deliver the golden bullet, it was certainly useful to me. So perhaps:
2. (Most) people like recognition. They like social interaction. If I got any good, I wouldn't tell anyone or need to, because I really struggle with groups of people. But some people like teaching. Good luck to them!
And
3. They like solid income, from classes and from books. And they figure someone is going to release this information... so it may as well be me, because at least then, I'll be paid for so doing.
- wearthefoxhat
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- Joined: Sun Feb 18, 2018 9:55 am
Yes, I can see that too. Some books hold their value over the years, trading ones have to be updated with some of the new techniques, new thinking and new markets. The crypto market is good example, its' volatility can crush the unprepared trader, get it right...brimson25 wrote: ↑Thu Mar 22, 2018 10:36 amGood question. People often ask it about poker coaches too in the poker world.
I've believed several answers about this and often switch depending on mood.
1. Of course they wouldn't.
But, having said this, I've been on Peter's masterclass, and while it did not deliver the golden bullet, it was certainly useful to me. So perhaps:
Nice one. I'm booked on the next one in April. My reason for doing is to hear from someone who is a good communicator about the overall subject (also succesful) and absorb information about the whole spectrum of trading. Not expecting a golden bullet, but who knows, ply Peter with enough Guinness...
2. (Most) people like recognition. They like social interaction. If I got any good, I wouldn't tell anyone or need to, because I really struggle with groups of people. But some people like teaching. Good luck to them!
And
I can see that for sure. Some do like to pass on their knowledge, it's important to differentiate between what works for you and what doesn't. You tube is the very essence of this. I would get more out of the masterclass in a group than on you tube, so am willing to pay accordingly.
3. They like solid income, from classes and from books. And they figure someone is going to release this information... so it may as well be me, because at least then, I'll be paid for so doing.
- ShaunWhite
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- Joined: Sat Sep 03, 2016 3:42 am
It's an income stream and boosts reputation which opens up other opportunities. You can tell someone how to trade without it automatically ruining your edge.wearthefoxhat wrote: ↑Wed Mar 21, 2018 3:45 pmThe best trading book hasn't been written yet....why would they?
- wearthefoxhat
- Posts: 3221
- Joined: Sun Feb 18, 2018 9:55 am
Yep, sounds about right.ShaunWhite wrote: ↑Thu Mar 22, 2018 12:33 pmIt's an income stream and boosts reputation which opens up other opportunities. You can tell someone how to trade without it automatically ruining your edge.wearthefoxhat wrote: ↑Wed Mar 21, 2018 3:45 pmThe best trading book hasn't been written yet....why would they?
- northbound
- Posts: 737
- Joined: Mon Mar 20, 2017 11:22 pm
One thing that helped me massively in terms of mentality has been a Youtube poker vlog from a guy called Andrew Neeme.
Here's a profitable risk taker that shows you his ups and downs. The more you watch it, the more you realise that:
- You'll have winning trades and losing trades, and that's OK
- You don't need to trade every market and every situation
- It's OK to wait patiently for hours for a suitable trading situation to occur
All of this makes sense to a pro, but I can assure you that it took a while to sink in for a budding trader like myself (I'm in my first year) and watching his vlog helped a lot.
Here's a profitable risk taker that shows you his ups and downs. The more you watch it, the more you realise that:
- You'll have winning trades and losing trades, and that's OK
- You don't need to trade every market and every situation
- It's OK to wait patiently for hours for a suitable trading situation to occur
All of this makes sense to a pro, but I can assure you that it took a while to sink in for a budding trader like myself (I'm in my first year) and watching his vlog helped a lot.
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- Posts: 245
- Joined: Fri Sep 10, 2010 7:08 pm
The best book you can own is the one you write yourself: the record of all your bets.
I tend to only read books by people who have actually achieved something and can give insight into it. Too many books are written to be sold. There are good books out there, just very few and far between.
My work has been often been in part and put into book(s) against my wishes, so I am thinking of writing one just so there is an authoritative guide.
My work has been often been in part and put into book(s) against my wishes, so I am thinking of writing one just so there is an authoritative guide.
- ShaunWhite
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- Joined: Sat Sep 03, 2016 3:42 am
If you do write a book I've got two words of advice...'proof reader'
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am