Sources of Power is the one gem that I think no one has touched on here. The author looks at people who have stressful jobs and how they become quicker and quicker at problem solving and rational thought processes in highly emotional times. The case studies are great, like soldiers, EMTs, firefighters, etc. Looks at pattern recognition from a non-trading perspective that easily transfers over to trading.
The following user says Thank You to Bermudan Option for this post:
Tony Oz - The stock trader ( where he makes trades for a month and shows trade charts for both losses and profits )
Tony Oz - How to Take Money from Wall Street
alexander elder- trading for a living
Toni Turner - a beginers guide to daytrading online
Mark Douglas - trading in the zone
Currently reading Daily trading coach by Brett steenberger - its good so far
The following user says Thank You to traderbaker for this post:
One of the best trading books, in my opinion. I like all of Dr. Brett's work.
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.
It is an introduction. and contains very basic stuff for beginners. Dr. Elder is a psychologist, which helps. Every experienced trader will tell you that psychology is more important than mathematics. The book starts with psychology, before it deals with charting.
The trading method of Dr. Elder is essentially based on two indicators, the MACD and the force index, which are monitored in three different time frames. It is a very good book, if you know little about trading.
Last edited by Fat Tails; September 17th, 2011 at 05:05 PM.
The following user says Thank You to Fat Tails for this post: