Fortune’s Formula

risk of ruin

Click cover for Amazon Click link below for The Book Depository Book Depository Link     Click cover for Amazon Click link below for The Book Depository Book Depository Link     These books talk a lot about probability theory and history. Beat the dealer is about Edward Thorp who developed a system to beat the casinos in Las Vegas playing blackjack. I got bored with it pretty quickly. I might return to it again some time. The casinos actually changed their rules as a result of this book. We can’t have the mug punters having an edge over the



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Against the Gods

trading is not gambling if you are smart

Click cover for Amazon Click link below for The Book Depository Book Depository Link     This book talks about the history of risk and all the giants who have stood on the shoulders of the person before them right up to today. I read this just for interest. It did tend to drag on a bit but was quite interesting for the most part. Originally posted 2017-05-04 15:43:56.



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Mark Tier

books and magazines help you trade

  Click cover for Amazon Click link below for The Book Depository Book Depository Link                 Interesting book talking about the world’s most successful investors who both have different investment strategies. Their mindset is of interest to all of us. Originally posted 2017-05-04 15:17:50.



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Chris Tate Books

trading education

Click Cover for Amazon Click link below for The Art of Trading at The Book Depository Book Depository Link     Chris Tate is Louise Bedford’s business partner at The Trading Game. I read this book when I enrolled in the Mentor Program in 2016. This book focuses on Money Management, Psychology of Trading, Risk, Technical Analysis, Preparing a trading plan. Chris has an almost daily blog on The Trading Game website. Chris is big on developing your own trading system that resonates with you and looking at the charts for yourself. Successful traders take the first signal their system



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Stops

babcock & brown chart atr

Let’s talk about stop losses and how to set them. In a previous article I said that the only thing we have any control over in trading is how much money we are prepared to lose. The way we manage this risk is by using a stop loss. The name says it all – its purpose is to stop your losses at a pre-determined point. You may have heard the expression ‘cut your losses short and let your profits run’. A stop loss is the way we cut our losses short. However it is one of the hardest things psychologically



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