Some highly recommended books | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

Some highly recommended books

  #37 (permalink)

Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 47,643 since Jun 2009
Thanks: 30,377 given, 89,957 received


cunparis View Post
Mike -

Dr. Steenbarger is very well regarded, I haven't read his books but I've read some of his blogs and I like him. I plan on reading his books.

I totally quit reading any books on any trading method. It seems they all either don't work or require expensive software (and probably still don't work!). So I'm now focusing on the money management and psychology part.

I bought his new book, I am creating a thread on it.

I agree with not benefiting too much from 'trading method' books. It's all about psychology and money management. Yet, it's the least popular forum here. But hey, 95% of people here lose money, so makes sense in a way.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post: