The Red Pill or the Blue Pill?

David Trading Resources ,
Taking the Redpill

So let’s have some fun folks! “You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes.” I’m sure most people are either familiar with the movie The Matrix or have heard the above quote. It’s an interesting premise I think. Let’s have a discussion and see how we can relate this to trading! To start with, I will just be open about my own personal frame of reference for all
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Options

David Trading for Beginners , ,
Option Chain

Options can be very confusing for new traders however once you understand a few basics they are really quite straightforward. There are 2 types of options to be considered. A Call Option and a Put Option. If you BUY an option it gives you certain rights. If you BUY a call option, it gives you the RIGHT to buy the instrument at a fixed price on a given date in the future IF you wish to. There is no OBLIGATION on you to proceed with the purchase in the future. If you BUY a put option, it gives you the
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Stan Weinstein

David Trading Resources , ,
magazines are a great trading resource

  Click on cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link   This book is on my bookshelf waiting to be read. Nevertheless it came to me highly recommended. Only so much time available to read! I will get to it and update this review. Originally posted 2017-05-02 16:39:15.
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Van K. Tharp Books

David Trading Resources , , , , , , ,
trading results in great profits if you have a plan

Click the cover to the left for Amazon link Click link below for The Book Depository Book Depository Link     Click the cover to the left for Amazon link Click link below for The Book Depository Book Depository Link     I have a love-hate relationship with this author. His work on risk management, position sizing, setting stops, trading psychology are brilliant. I did however find his book, Trading Beyond the Matrix was weird beyond measure after around the first quarter. It’s like taking the redpill in “The Matrix” on steroids. I don’t normally recommend buying how-to-trade books however
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Alexander Elder Books

David Trading Resources , , , , ,
Mark Douglas Trading in the Zone

  Click on cover for Amazon This book does not seem to be available at The Book Depository.       Click on cover for Amazon Click link below for The Book Depository Book Depository Link   Click on cover for Amazon Click link below for The Book Depository Book Depository Link   Alexander Elder covers topics including traders psychology, market psychology, computerised systems for technical analysis, trading systems and risk management. Dr Elder also runs a web site here. He introduces some trading systems which can make a good starting point for a trader. He also has some codes
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