Click on cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link Click on cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link These books are highly regarded by any trader who has read them. Jack Schwager interviews a variety of different traders all with different approaches and all of thm very successful – although I believe a few of them may have gone bust after these books were released. It’s great getting insight from people who have waked the talk and made a
This is a great Youtube Video of Mark Douglas, sadly now deceased, discussing Trading Psychology and Risk. Originally posted 2017-05-02 16:46:20.
Interesting! Just looking at some searches around trading and incredibly (to me at least) there does not seem to be much interest around the absolute most important issues in trading – Risk and the Risk-of-ruin. I’d like to feign surprise but there is a reason most people lose money trading. More on this at a later date. Originally posted 2017-06-28 18:36:59.
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
This is one of the most difficult things in trading. It almost seems counter intuitive. The only way you can ever hope to be a success is to control your risk. If you are reckless and blow up your account you will run slap bang into the one reality – if you have no money you cannot play. The trick in trading is to preserve your capital so you survive long enough and are able to take that trade that will come along and will make all the difference to your account. I’m going to talk about stops in another